Skip to main content Skip to search

Archives for February 2014

IRS announces additional one-year delay in health coverage penalty for midsize employers

Image

The IRS announced on Monday that it is delaying the so-called shared-responsibility requirement under Sec. 4980H for employers who have 50 to 99 full-time equivalent employees in 2014. These employers will now have until 2016 to offer health care coverage to their employees or be subject to the shared-responsibility payments. However, these employers will still be required to report on their workers and health care coverage in 2015. Read more HERE

Read more

Seven ways for small businesses to rein in health care costs

 

Image

The Journal of Accountancy has a very timely and insightful look at ways small businesses can save money on health care costs. Although delayed one year, the employer mandate in the Patient Protection and Affordable Care Act takes effect Jan. 1, 2015 and businesses with 50 or more full-time-equivalent employees will be forced to pay a penalty if they don’t provide minimum essential health insurance coverage. Read more HERE.

Read more