Monday, September 14, 2015

Bookkeeping Woes: Health Care Reform Ruling Impacting Small Businesses


Small business owners and their employees are being severely affected by the Affordable Care Act (ACA), more popularly known as Obamacare. A 2013 ruling from the IRS, in particular, implements hefty penalties for employers who offer tax-free reimbursement to their employees to help the employees purchase individual health insurance plans. Recently, the ruling sent 150 small business owners to Washington to express their opposition.The small business owners, organized by the National Federation of Independent Business (NFIB), were slated to appear at Capitol Hill on July 23 to convince members from their states to implement legislation that would reverse the rule. Businesses found in violation of the rule are looking at an excise of $36,500 per year per employee.
http://www.denverbookkeepingservice.com/bookkeeping-woes-health-care-reform-ruling-impacting-small-businesses/

No comments:

Post a Comment