Confusion Created By Small Business Health Options Program (SHOP)
The Patient Protection and Affordable Care Act (PPACA) has caused a lot of confusion for all concerned. One area of particular confusion for small…
New York State Employers Do Not Need to Send Annual WTPA Notices to Existing Employees in 2015
On December 29, 2014, New York Governor Andrew Cuomo signed a bill amending the New York State Wage Theft Prevention Act (WTPA). The key…
Congress Extends Dozens of Expired “Temporary” Tax Breaks for 2014 Including Commuting Costs
Congress passed a bill that includes a retroactive extension to January 1, 2014 for commuting costs. The bill now awaits President Obama’s signature, which…
Minimum Wage Increases
In 2015, some states’ minimum wages will be increasing again: New York State minimum wage will increase to $8.75 per hour on December 31,…
Proposal To Add Skimpier Copper Plans To Marketplace Raises Concerns
Insurers and some U.S. senators have proposed offering less expensive, reduced benefits coverage, termed as “copper” plans on the health insurance marketplaces to encourage…
Tax-Exempt Employers May See Reduction in Small Business Health Care Tax Credits
The amount that certain small tax-exempt employers receive on the refundable portion of the Small Business Health Care Tax Credit may be impacted by…
Small Firms Hit by Big Changes in Health Coverage
New Health Law Affects Coverage for Business Owners, Their Employees Businesses with fewer than 50 workers are exempt from the most stringent requirements…
Excise Tax Hit in 2018 Anticipated by Employers
Roughly half of large U.S. employers will begin to hit the thresholds triggering the Affordable Care Act’s (ACA’s) excise tax on high-value plans in…
Small Business Workers Unsatisfied with Benefits
More than half would be likely to accept jobs with slightly lower pay but better benefits Although 63 percent of employees at small businesses…
IRS Increases ACA’s Affordability Percentages for 2015
A reminder to employers that the definition of ‘affordable’ can change On July 24, 2014, the IRS released Revenue Procedure 2014-37 to index…