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
When Should I Put Rental Property Into an LLC?
Increasingly, people are considering leasing their homes when they move or purchasing homes to lease specifically for investment purposes. While there are many factors to consider when leasing a piece of real estate that you own, one important consideration is who...
FLSA Overtime Rule Still in Limbo After Trump’s Appointment of DOL Secretary
Toward the end of the Obama Administration, in May 2016, the Department of Labor finalized a rule that was to raise the salary test threshold for the Fair Labor Standards Act (FLSA) from $23,660 to $47,476. That rule was to take effect December 1, 2016 but never went...
Employer Knowledge of Extra Hours Necessary for Overtime Claim, Missouri Appeals Court Says
“Skill to do comes of doing, knowledge comes by eyes always open, and working hands; and there is no knowledge that is not power.” - Ralph Waldo Emerson Little did Ralph Waldo Emerson know that his observation would foreshadow a recent decision from the Missouri Court...
City of St. Louis 2015 Minimum Wage Ordinance Finally Takes Effect – Immediately
Today, May 5, 2017, the minimum wage in the City of St. Louis will increase to $10 per hour. City of St. Louis Ordinance No. 70078 was adopted in 2015 but was enjoined because of a lawsuit challenging the validity of the Ordinance; this injunction was lifted...
