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
Request to Pluck Chin Hair Contributes to Evidence Supporting Sexual Harassment Claim
A former employee of Bi-State Development Agency of Missouri–Illinois Metropolitan District sued her employer for alleged supervisor sexual harassment in violation of Title VII. The Eighth Circuit Court of Appeals reversed a summary judgment in favor of the employer....
Deductibility of Business Losses
We counsel all manner of businesses on choice of entity, a rather elementary question, but one that can have substantial impact. And, as most, if not all, of our business clients know, we routinely recommend a corporate form of business entity over the limited...
Affordable Care Act 2014 Update
There are a variety of issues and considerations for individuals and employers, both large and small, regarding the Affordable Care Act ("ACA"), or Obamacare, going into 2014. These include the implementation of the individual mandate, Small Business Health Options...
“Too Late,” Appeals Court Tells Condo Owners Association
The Missouri Court of Appeals has upheld the dismissal of a lawsuit brought by a condominium owners association against its former president on grounds that the claim was untimely and barred by the statute of limitations. Back in 2001, a former president informed the...
