Under the Patient Protection and Affordable Care Act (PPACA or Affordable Care Act), employers that are subject to the Fair Labor Standards Act are required to provide a new notice to employees. Notice to Employees of Exchange Coverage Options A “Notice to Employees of Exchange Coverage Options” must be given to inform employees of...Read More
Washington has avoided the Fiscal Cliff for the time being with the passing of the American Taxpayer Relief Act (“Act”). While this Act addresses various tax issues, the below focuses on several key issues of the Act: The top marginal income tax rate will increase from 35% to 39.6% for individuals with taxable income above...Read More
Washington has avoided the fiscal cliff for the time being with the passing of the American Taxpayer Relief Act (“Act”). The Act addresses several key estate planning issues. With the passage of the Act, the unified federal estate and gift tax exemption will remain at $5,000,000 per person. The Act also permanently increased the top...Read More
In the wake of the recent Presidential election, the focus of many politicians in Washington has turned to the fast-approaching “fiscal cliff,” a combination of federal spending cuts and tax increases designed to combat the growing federal deficit. While it is still uncertain as to whether Congress will enact subsequent measures to avoid the “fiscal...Read More
With the Supreme Court recently upholding the Patient Protection and Affordable Care Act (PPACA) employers and individuals need to be prepared to comply with PPACA. The following summarizes some of the key provisions and effective dates relating to individuals: Beginning in 2014, individuals will be required, with some exceptions, to maintain minimum essential health insurance...Read More
With the Supreme Court upholding the Patient Protection and Affordable Care Act (“PPACA”), employers and individuals need to be prepared to comply with the PPACA. The following summarizes some of the key provisions and effective dates relating to businesses: For months beginning after December 31, 2013, large employers may be subject to a “shared responsibility...Read More
