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
Undue Influence — Trusts and Wills
Morse v. Volz, 808 S. W. 2d 424, is a case involving Marvin Morse, who died in 1986. His first wife, with whom he had one child, predeceased him in 1978. He remarried in 1984 to a woman who had a child by her first marriage. The second wife died in 1987. Before his...
Authority to Contract Limited by Condominium Bylaws
Or, "The Board Could Have Avoided This Litigation by Reading the Bylaws, At Least Once" In the case of Alliance Property Management Ltd. v. Forest Villa of Countryside Condominium Association, the property management company sought to have a contract for management...
Major Change Expected for Salaried Employees’ Overtime Exemption
The U.S. Department of Labor’s Wage & Hour Division is expected to amend the Fair Labor Standards Act (FLSA) regulations by mid-2016 and, in particular, the “salary basis test” for what is commonly referred to as the “white-collar exemption.” This will create a...
Pennywise and Pound Foolish: Personal Liability Imposed after Piercing Corporate Veil
Most states require if you do not do business under your own name that you must register the fictitious name (or trade name) with the Secretary of State of the jurisdictions in which you conduct your business. Failure to do so can expose a business owner to personal...
