Beginning October 1, 2013 any business with at least one employee and $500,000 in annual revenue must notify all employees by letter about the Affordable Care Act’s health-care exchanges, or face a fine up to $100 per day. This requirement applies to any business regulated under the Fair Labor Standards Act, regardless of size. Going forward, [...]
In the recently released Notice 2013-14, the IRS provided a bit of relief for employers who wish to take advantage of the Work Opportunity Tax Credit (WOTC), which was retroactively extended by the American Taxpayer Relief Act of 2012 (ATRA). Employers now have until April 29, 2013, to file the qualified employee certification form with their [...]
Click the image below to download "Health Care reform & Your Business: Timelines & Implications of the Law for Business Owners". This informative packet was created by the AICPA.