EA Schensky & Associates, Business Taxes

Affordable Care Act: What employers need to know

The health care law contains tax provisions that affect employers.

The size and structure of a workforce – small, or large – helps deter­mine which parts of the law apply to which employers. The number of employees an employer has during the current year determines whether it is an applicable large employer (defined below) for the following year.

  • Applicable large employers are generally those with 50 or more full-time employees or full-time equivalent employees.
  • Employers with fewer than 50 full-time or full-time equivalent employees are not applicable large employers.
  • Calculating the number of employees is especially important for employers that have close to 50 employees or whose work force fluctuates during the year

Click here to view information about these new regulations: The Affordable Care Act

Posted in Business Tax.

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