Thursday, May 26, 2016
COUNT EMPLOYEES TO AVOID ACA PENALTIES
The IRS recently updated a web
page explaining how to figure out if you're an "applicable large employer,"
or ALE. If you are, you may have to pay a penalty for not providing health
insurance to your employees. For 2016, your business will generally meet the
definition of an ALE if you employed an average of at least 50 full-time
employees (including full-time equivalent employees) during 2015. A full-time
employee for any calendar month is one who averages at least 30 hours of
service per week or at least 130 hours of service during the month.
Labels:
Business Planning,
tax planning