Small businesses with between 50 and 99 employees have until the New Year to offer affordable health insurance to workers per a mandate in the Affordable Care Act.
A bill signed into law by President Barack Obama on Oct. 8 allows the redefinition of a small business as one with up to 100 employees. The designation means thousands of businesses with more than 50, but less than 100, employees will not see drastic hikes in health insurance premiums.
Think you're helping your employees offset the cost of health insurance mandated by the Affordable Care Act with supplemental income? Think again. A new IRS rule aims to fine any business that provides employees with more pay to cover insurance costs.
Your healthcare coverage is changing in 2016. Did you know that? More importantly, do you now how? Here tax expert Barbara Weltman has some details about the changes and what they will mean to your business.