As in 50th employee:
"[I]f you employ more than 49 people, you've either got to offer (and help pay for) a group plan or pay apenalty tax"
One can see the problem here for potential employee #50: what are the odds he (or, of course she) will actually be offered a job? Because that new employee is going to raise the employer's cost of doing business substantially, what with having to either install a group plan or face a stiff penalty. The Boss is going to have some major soul-searching on this hire.
But at least there's a light at the end of the tunnel, yes? The rule/tax/penalty sunsets eventually, right?
Ummm, not so much:
"The Internal Revenue Service (IRS), in a recently released memorandum from the Office of Chief Counsel.... has taken the position that the Employer Shared Responsibility Payment (ESRP) imposed by section 4980H of the Internal Revenue Code is not limited by any statute of limitations, and that it could assess these payments for years — potentially indefinitely — after a failure to comply." [emphasis in original]
Oy.
Breathe a sigh of relief if you're #49.
Or maybe not:
"[I]f you employ more than 49 people, you've either got to offer (and help pay for) a group plan or pay a
One can see the problem here for potential employee #50: what are the odds he (or, of course she) will actually be offered a job? Because that new employee is going to raise the employer's cost of doing business substantially, what with having to either install a group plan or face a stiff penalty. The Boss is going to have some major soul-searching on this hire.
But at least there's a light at the end of the tunnel, yes? The rule/tax/penalty sunsets eventually, right?
Ummm, not so much:
"The Internal Revenue Service (IRS), in a recently released memorandum from the Office of Chief Counsel.... has taken the position that the Employer Shared Responsibility Payment (ESRP) imposed by section 4980H of the Internal Revenue Code is not limited by any statute of limitations, and that it could assess these payments for years — potentially indefinitely — after a failure to comply." [emphasis in original]
Oy.
Breathe a sigh of relief if you're #49.
Or maybe not:
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