Cairncross & Hempelmann

Can You Afford the Penalties if You do Not Comply With the Affordable Care Act?

Currently, small business employers, including those in the retail, hotel, restaurants and other hospitality industries, can take advantage of certain tax benefits for employee health care costs to offset those costs. But starting in 2014, the Affordable Care Act (ACA) requires small businesses that employ more than 50 people provide health insurance to their workers or incur a penalty payment.