5 Things Everyone Needs to Know
On Feb. 10, 2014, the IRS issued final regulations on the Employer Shared Responsibility provisions under the Affordable Care Act. Here are five things everyone needs to know about the Affordable Care Act:
1. The Employer Shared Responsibility Provisions are in affect beginning January 1, 2015.
No Employer Shared Responsibility payments will be assessed for 2014.
2. Number of Employees
Employers will use information about the number of employees they employ and their hours of service during 2014 to determine whether they employ enough employees to be classified as a large employer for 2015.