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
Options to Avoid Foreclosure: When a Strong Offense Makes a Good Defense
Most people understand the basic construction of a home loan: they receive a loan from a lender and sign a "promissory note," which is a promise to pay the lender for the principal of the loan along with interest. This promissory note is "secured" by a "deed of trust"...
Business Entities: An Alphabet Soup of Possibilities
Many entrepreneurs are familiar with the basic concept of incorporating or organizing a business entity; however, there are so many different types of entities that an entrepreneur can become understandably confused. We recognize those letters at the end of the...
Appealing Real Property Taxes
2009 is a "Reassessment Year" for real property taxes in Missouri. A property owner's right to appeal an assessment is usually available only in "reassessment years." Unless special circumstances exist, the assessment establishes the value for the next succeeding year...
Am I Buying More Than a Business? Successor Liability Issues that May Remain After the Closing
You’re an entrepreneur, and you’ve just found a company you want to buy in order to expand your own business. In setting up the purchase, you’ve decided you want to do an asset purchase. After all, you’ve heard that one of the benefits of an asset purchase is that,...
