Newsday: Midsize LI companies face health care deadline
Most of the more than 2,000 Long Island companies with 50 to 99 employees will be required to offer affordable health care coverage to the majority of their full-time employees under the Affordable Care Act come 2016 or pay a penalty.
Most of those midsize firms got a reprieve from having to provide coverage this year, but that doesn’t mean they got a reprieve from ACA reporting requirements. They need to be tracking employees’ hours in 2015 to comply in 2016.
For many business owners, the complexities involved in making sure they properly classify employees have made it an onerous task. Click here to read the full article…