The fiscal cliff debate in this country is approaching fail status and after one week back in Washington our leaders do not appear to be closer to solving the problem. Despite a congenial press conference today where Republican leaders put revenue on the table, there has been no real movement at addressing the crux of…Details
Happy thanksgiving America. As you enjoy the holiday and reflect, I encourage you to take a moment to ask yourself what you will be thankful for a year from now. Things are changing and there is no doubt you will be feeling an impact in November, 2013 at the very least in what you will…Details
There is no question the biggest issue in board rooms all over the country is what to do with the looming regulations and costs created under the Affordable Care Act. Many businesses have been reactionary in dealing with the implications of the health reform law and this is a mistake. We know that Obamacare means…Details
I had the opportunity last week to appear on a nationally syndicated business talk show out of Minneapolis to discuss the latest developments related to health reform. The robust conversation on the Josh Tolley show covered the impact the Affordable Care Act will have on small business. How will the fiscal cliff will impact…Details
Question of the week: what happens if the U.S. goes over the fiscal cliff? A lot of pain short-term which is impossible to completely quantify right now, but we do know there will be some direct and indirect consequences on millions of Americans next year. Some will not see much of an…Details
Lost in the politics of the Affordable Care Act are several sections of the law experts from both political persuasion believe will have serious economic impact.
ACA compliance tips
What many often do not realize is the amount of compliance the health reform law created. Examples include new insurance rules created in section 1302 (B) and the requirement in section 1513 every business with more than 50 full-time employees must provide affordable health coverage meeting government defined essential health benefits. This will create a niche of vulnerable businesses facing serious compliance challenges right now.Details
Many are scrambling to respond to the latest ACA developments because the compliance requirements will begin in 2013 and the law officially goes live beginning in October.
If you are one of those individuals looking for context, here are some of the comprehensive articles written over time covering some of the key problems facing this country.
If you are looking for answers to more specific questions, contact me today.Details
Compliance with new laws like the ACA will challenge business.
- The regulatory floodgate burst on November 20, 2012 releasing guidance on new regulations regarding the determination of full-time workers and essential health benefits.
- Taxes are going up in 2013 regardless of what happens with the fiscal cliff because the Affordable Care Act introduces 19 new taxes that will impact businesses and many are unaware.
- Even more troublesome will be the new hidden taxes of compliance which will challenge small and mid-sized businesses and they need to begin preparing now.
Take the time to ask yourself the following question.
Why is our economy not operating as optimally as it should?
Then ask the question, why?
President Obama and Speaker of the House of Representatives John Boehner concluded another round of fiscal cliff talks at the White House and it does not appear they are any closer to coming to an agreement.Details