TaxEsqBlog -by Ronald J. Cappuccio, J.D., LL.M.(Tax)

Employers - are you stuck with "Obamacare" Obamacare  is a disaster for employers that have low wage employees. Frankly, many companies will need to change how they conduct business in order to stay competitive . Number of Employees Does your business have emough employees to be subject to the pay-or-play  Obamacare tax? This is called the  shared responsibility requirement forcing employers to pay a huge penalty or provide health insurance. 50 Employee Requirement. The simple definition is employers with 50 or more full-time equivalent workers. Unfortunately, this is only a partial answer. The tricky term,   full-time equivalent (FTE) covers employees who average 30 hours per week .  Note: the normal 40 hour per week definition for full time is not applicable .  The time period is the prior year . Since the mandate begins in 2014, the year 2013 controls the determination of the number of employees. There are some exceptions for sea...

The "Payer" in "Single Payer" Health Care is you! Congress hates telling the truth. Rather than calling government controlled and no choice healthcare the true term, "socialized Medicine," they call it "single payer." Remember, the payer is YOU, the taxpayer! Cong. Rob Andrews (D--NJ), who by the way is not a bad guy and is really hard-working for his constituents, is holding Congressional hearings as Chairman of the Healthcare Committee on the "single Payer" system. Watch out! RJC