Small Business Gets Creative in Response to Obamacare


The closer Obamacare gets to full implementation, businesses get more creative in finding ways to wriggle out of it.

Affordable Care Act Obamacare

The Affordable Care Act, otherwise known as Obamacare, has many businesses scrambling to find ways to free themselves from the new regulations.

As reported in an article by Sally Pipes for Forbes.comU.S. Companies Engage In Financial Jiu-Jitsu To Get Around Obamacare—companies are “wasting no time finding ways to free themselves from the law’s strictures.”

Cutting hours, moving people to part-time and hiring contract workers are some ways companies are skirting the mandate. The new law, which goes into full force on Jan 1, 2014, requires that businesses with more than 50 employees offer health insurance to employees that work over 30 hours a week or face fines.

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New Year, New Tax Laws: Changes for 2013


Tax
Tax (Photo credit: 401(K) 2012)

The latest “fiscal cliff” battle in Congress are only one example of how the New Year arrived with some substantial challenges.

2013 has finally arrived; with it comes tax law changes that will affect both payroll and employment tax compliance.

Top of the list is the American Taxpayer Relief Act of 2012 (ATRA), which will soon be signed into law by President Obama. The ATRA includes a multitude of changes to payroll tax laws, especially for individuals earning more than $400,000 and families earning more than $450,000.

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