Affordable Care Act
The Patient Protection and Affordable Care Act, also known as the Affordable Care Act (ACA), or colloquially as “Obamacare,” was signed into law in March of 2010 with the goal of increasing the quality and affordability of health insurance for millions of Americans.
While the Act’s employer shared responsibility payments will not apply until 2015, and in some cases, not until 2016, there are provisions and safe harbors to consider and decisions that can be made now that may help businesses, employees and a business’s bottom line. Further, there are many unintended consequences arising out of the ACA that business owners, both large and small, need to consider when administering health care arrangements.
We are carefully following the developments associated with the roll-out of ACA and are providing counsel to business owners and other professionals, helping them to address compliance issues, evaluate exposure to penalties and other tax issues as well as planning strategically for the future.
Affordable Care Act Articles
CTA Appears to Go Quietly Away – For the Most Part: Reporting Is Likely Off Your To-Do List
After a slow start, the Corporate Transparency Act ("CTA") and its companion, the Beneficial Ownership Information Report ("BOIR"), appear to have fizzled out for most companies. The BOIR reporting requirement was intended to extend the Anti-Money Laundering Act's...
Fifth Circuit Renews Injunction Against Enforceability of the CTA
Who's on First? Abbott and Costello Routine Revived for Corporate Transparency Act Much like the beloved and timeless zaniness of the old Abbott and Costello "Who's on First?" routine, the U.S. Fifth Circuit Court of Appeals has reversed a different panel of that...
The Corporate Transparency Act is Back On
Fifth Circuit Court of Appeals Stays Texas Court's Nationwide Preliminary Injunction; Beneficial Ownership Information Reports Due as Early as January 13, 2025 On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No....
Texas Court Taps Brakes on Corporate Transparency Act and Year-End Filings
After months of getting the word out about the Corporate Transparency Act ("CTA"), the U.S. District Court for the Eastern District of Texas issued a nationwide injunction against enforcement of the CTA and relieving reporting companies from filing the Beneficial...
