574-291-9367
Serving Mishawaka - South Bend
Book an Appointment
Legal Shield in Mishawaka, IN
ID Shield in Mishawaka, IN
 Kerezman Tax & Accounting Services LLC Pay Now
  • Home
  • Services
    • Cash Flow Forecasting
    • PPP Loan Forgiveness Assistance
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Returns
      • Behind on Payroll Taxes
    • Estate and Trust Administration
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • New Client Special
  • Products
    • QuickBooks Online
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Cannabis-Related Businesses
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Testimonials
  • Resources
  • Blog
  • About us
    • About Us
    • Send Us Your Referrals
  • Contact
  • Home
  • Services
    • Cash Flow Forecasting
    • PPP Loan Forgiveness Assistance
    • Accounting Services
    • Tax Preparation and Planning
    • Tax Resolution
      • Help with Your IRS Audit
      • Filing Prior Years Returns
      • Behind on Payroll Taxes
    • Estate and Trust Administration
    • Bookkeeping
    • Payroll
    • Advisory Services
    • Consulting for QuickBooks®
    • Training for QuickBooks®
    • Cloud Accounting
  • New Client Special
  • Products
    • QuickBooks Online
    • QuickBooks Desktop
    • QuickBooks Enterprise Solutions
    • QuickBooks Point of Sale
    • QuickBooks Payments
  • Industries
    • Services
    • Cannabis-Related Businesses
    • Construction
    • Medical and Health Care
    • Real Estate
    • Non Profit
    • Retail
    • Restaurant
    • Manufacturing
    • Wholesalers and Distributors
    • eCommerce
  • Testimonials
  • Resources
  • Blog
  • About us
    • About Us
    • Send Us Your Referrals
  • Contact

Affordable Care Act (ObamaCare) Employee Notification Requirement

September 25, 2013 In ACA (ObamaCare), Payroll Tips
Tweet
Share
Share
Pin

Article Highlights

  • Employers must give employees health care notification
  • Affects employers with one or more employees and a gross income of $500,000 or more
  • Notices due October 1, 2013
  • New Employees must be notified within 14 days

Beginning October 1, 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. The requirement applies to any business regulated under the Fair Labor Standards Act (FLSA), regardless of size. Going forward, letters are to be distributed to any new hires within 14 days of their starting date, according to the Department of Labor.

The Patient Protection and Affordable Care Act has a general $100-per-day penalty for non-compliance. Since this requirement is in the FLSA, concerns were raised in the business community that the $100-per-day penalty would apply to businesses that did not comply with the notification requirements.

On September 12, 2013, the Small Business Administration (sba.gov) posted a blog called “Myth #3: Business Owners Will Be Fined if They Don’t Notify Their Employees about the New Health Insurance Marketplace.” The article clarifies the policy, stating: “If your company is covered by the FLSA, you must provide a written notice to your employees about the Health Insurance Marketplace by October 1, 2013. However, there is no fine or penalty under the law for failing to provide the notice.”

The Department of Labor provides model notices for employers:

  • Employers with plans: http://www.dol.gov/ebsa/pdf/FLSAwithplans.pdf
  • Employers without plans: http://www.dol.gov/ebsa/pdf/FLSAwithoutplans.pdf

If you have questions, please give this office a call.

Tweet
Share
Share
Pin

Monthly Archives

Categories

  • ACA (ObamaCare) (8)
  • Accounting (40)
  • Accounting Software (3)
  • Blog (9)
  • Bookkeeping (1)
  • Bookkeeping Tips (20)
  • Business Development (12)
  • Business Growth (7)
  • Business Tips (92)
  • Cannabis Accounting (1)
  • CDL Drivers (3)
  • Computer Tips (6)
  • Cool Tech Tools (13)
  • Cost-Saving Tips (1)
  • Cost-Savings Tips (36)
  • Customer Service Tips (7)
  • cybersecurity (1)
  • Decision-Making Tips (4)
  • Estate Planning Tips (11)
  • Expense Reduction Tips (6)
  • Finance Management (1)
  • Identity Theft (15)
  • Legal (13)
  • LegalShield (1)
  • Management Tips (25)
  • Marketing Tips (1)
  • Money Management (1)
  • News (6)
  • Payroll Tips (13)
  • Personal Development (5)
  • Profitability Tips (30)
  • Quickbooks (5)
  • Retirement Planning (4)
  • Tax (9)
  • Tax Resolution (1)
  • Tax Tips (14)
  • Tax-Planning Tips (69)
  • Time Management Tips (21)

Sitemap

  • Home
  • Services
  • Products
  • Industries
  • Resources
  • Blog
  • About Us
  • Contact

Contact Us

Tax Services, Accounting Services and Services for QuickBooks®

Kerezman Tax & Accounting Services LLC

2502 Lincolnway West, Mishawaka, IN 46544

574-291-9367


Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. Used with permission under the QuickBooks ProAdvisor Agreement.

Client Center

Legal Shield in Mishawaka, IN
ID Shield in Mishawaka, IN
Paypal

Sign up for our newsletter!

Get business tips, tricks and insights delivered straight to your inbox.
 
Sign Up Now

Copyright Kerezman Tax & Accounting Solutions LLC 2020 | Site Design by Accelerator Websites