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Tag: Patient Protection and Affordable Care Act
Roadbuilding
How the IRS’ adjustment up of affordability percentages for 2015 may affect your business
The Internal Revenue Service (IRS) has released the Revenue Procedure 2014-27 to index the Patient Protection and Affordable Care Act’s (PPACA) affordability percentages for 2015 under the employer’s shared responsibility” (more commonly known as “play or pay”) mandate. This employer mandate change adjusted up the income level, which exempts employees from the PPACA’s individual mandate. […]
November 12, 2014
Roadbuilding
How new healthcare laws will affect worker’s compensation care
The new health care reform law will have both negative and positive effects on worker’s compensation systems throughout the nation, Dr. David Deitz, national medical director of commercial insurance strategic practices at Liberty Mutual Insurance Co. in Boston, told attendees during the Disability Management Employer Coalition in Las Vegas. In his keynote presentation, Dietz pointed […]
October 23, 2014
Business
How the latest Obamacare update affects your business
The employer mandate under the Patient Protection and Affordable Care Act (PPACA)—a.k.a. Obamacare—originally required companies with 50 or more full-time employees to offer affordable health care coverage to employees and their dependents (an employee’s child younger than 26 years old) by 2015 or face big fines But now, in the mandate’s second delay, these companies […]
April 17, 2014
Roadbuilding
What the latest Obamacare update means for your business
Midsize employers don’t have to provide health insurance in 2015; full-time employee definition changed to 40 hours for health care reform The employer mandate under the Patient Protection and Affordable Care Act (PPACA) – a.k.a. Obamacare – that would require companies with 50 or more full-time employees to offer affordable health care coverage to employees […]
April 16, 2014
Business
ABC celebrates Form 1099 repeal victory
Associated Builders and Contractors (ABC) on April 15 issued the following statement regarding repeal of the expanded 1099 tax reporting requirements (H.R. 4), which was signed into law April 14 by President Obama. “Repeal of the 1099 mandate eliminates an unnecessary administrative burden that would have negatively impacted ABC members and small businesses nationwide,” said ABC Vice President of Federal Affairs Geoffrey Burr. “Now ABC members can focus more of their time on what is most important: creating jobs and growing their businesses.” The provision, included in the Patient Protection and Affordable Care Act, would have mandated that, beginning in 2012, businesses would have to file a Form 1099 to all vendors, both incorporated and unincorporated, to which they pay at least $600 annually for goods and services.
April 19, 2011
Roadbuilding
ABC celebrates Form 1099 Repeal Victory
Associated Builders and Contractors (ABC) on April 15 issued the following statement regarding repeal of the expanded 1099 tax reporting requirements (H.R. 4), which was signed into law April 14 by President Obama. “Repeal of the 1099 mandate eliminates an unnecessary administrative burden that would have negatively impacted ABC members and small businesses nationwide,” said ABC […]
April 15, 2011
Roadbuilding
Senate repeals 1099 reporting requirements
The U.S. Senate passed H.R. 4 on April 18, effectively repealing the expanded tax reporting requirements in the Patient Protection and Affordable Care Act. The law had stipulated that, starting in 2012, firms would be required to file a Form 1099 to all vendors they pay $600 or more for goods and services annually. Construction […]
April 12, 2011
Roadbuilding
Diesel, gas continue to rise
The Department of Energy reported Monday that diesel prices rose 4.4 cents to a $3.976 per gallon national average. Gasoline also increased, rising to $3.684 cents per gallon, an 8.8-cent increase over the previous week. Compared with figures from the same week last year, diesel has risen more than 96 cents and gas has registered […]
April 5, 2011
Home
Senate repeals 1099 reporting requirements
The U.S. Senate passed H.R. 4 on Monday, effectively repealing the expanded tax reporting requirements in the Patient Protection and Affordable Care Act. The law had stipulated that, starting in 2012, firms would be required to file a Form 1099 to all vendors they pay $600 or more for goods and services annually. Construction associations […]
April 5, 2011
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