{"id":41711,"date":"2015-06-26t00:21:38","date_gmt":"2015-06-26t04:21:38","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=41711"},"modified":"2024-10-01t09:36:10","modified_gmt":"2024-10-01t13:36:10","slug":"nelson-obamacare-penalties","status":"publish","type":"post","link":"\/\/www.g005e.com\/2015\/06\/26\/nelson-obamacare-penalties\/","title":{"rendered":"will obamacare penalties kill your small business clients?"},"content":{"rendered":"
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fines run $100 per day, per employee.<\/strong><\/p>\n by stephen l. nelson, cpa by now, many of your small business clients understand they don\u2019t have to provide employees with health insurance. the employer mandate starts when a firm employs 50 or more full-time-equivalent employees.<\/p>\n but here\u2019s an awkward follow-up question: do your small business clients understand that many of the aca\u2019s rules still apply to them and that they may still be vulnerable to the aca\u2019s 4980d excise tax penalty\u2014which runs $100 per day per employee?<\/p>\n learn more:\u00a0<\/strong>small businesses and the affordable\u00a0care act: what every tax practitioner needs to know\u00a0(55-page pdf\u00a0digital download)<\/a><\/span><\/span><\/p>\n can we talk irc code sections?<\/strong><\/p>\n people sometimes hear references to the 4980d penalty and scoff, say you can\u2019t believe everything you hear on talk radio or read at some blog. so let\u2019s look at the actual internal revenue code section in question.<\/p>\n here are the first few sentences of irc sec 4980d: read more →<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" <\/p>\n fines run $100 per day, per employee.<\/strong><\/p>\n by stephen l. nelson, cpa by now, many of your small business clients understand they don\u2019t have to provide employees with health insurance. the employer mandate starts when a firm employs 50 or more full-time-equivalent employees.<\/p>\n but here\u2019s an awkward follow-up question: do your small business clients understand that many of the aca\u2019s rules still apply to them and that they may still be vulnerable to the aca\u2019s 4980d excise tax penalty\u2014which runs $100 per day per employee?<\/p>\n
\nand elizabeth c. nelson, cpa<\/em>
\nsmall business and the affordable\u00a0care act<\/a><\/em><\/p>\n
\nand elizabeth c. nelson, cpa<\/em>
\nsmall business and the affordable\u00a0care act<\/a><\/em><\/p>\n