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
Condo Owner Windfall of Over $500,000? Court Says “Not So Fast”
The Missouri Court of Appeals ruled in a recent case that the unit owners of a condominium building were not entitled to excess insurance proceeds remaining after their building was reconstructed. One of multiple buildings making up The Willows on the Lake...
The Eastern District Says “No” to Absolute Invocation of the Privilege Against Self-Incrimination
From start to finish, a lawsuit is a difficult, expensive and lengthy process. What most people do not understand is that the lawsuit itself is only the first of two phases. The next phase, the collection phase, can be just as lengthy and just as difficult. The reason...
U.S. Census surveys — Do I really need to fill those out?
The U.S. Census Bureau sends out surveys to different businesses each year. And just as sure as the sun rises in the east, we will hear from one of our small-business clients, questioning whether they need to take the time to complete the survey. Unfortunately, or...
Starting Over; Homeowners’ Association Gets a Second Chance
More often than you may think, a subdivision's homeowners' association ("HOA") or condominium owners' association finds that its original charter as a Missouri nonprofit corporation has been revoked by the Missouri Secretary of State (generally for failure to file the...
