Why Small Businesses Should Plan Now for Obamacare Compliance

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With the election behind us, it is clear that the Patient Protection and Affordable Care Act (“Obamacare”) is here to stay. That means that businesses of all sizes should start planning now for Obamacare’s new employer mandates. For many businesses, the most important new requirement is the so-called “play-or-pay” mandate effective in 2014 that requires all employers with more than 50 full-time employees (or full-time-equivalent employees) to offer affordable, minimum health coverage to all full-time employees or else pay a potentially hefty penalty. This article explains why businesses should begin planning immediately for the impact of Obamacare.

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Tax

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Joe Conley | Attorney Advertising

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