FARM BUSINESS NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Feb 17, 2014 09:39 AM CST

The 2010 Affordable Care Act (ACA) has created havoc with the ability of small employers to assist employees with health care costs. These new rules are effective for health plan years beginning in 2014, and the sanction, a penalty of $100 per day per employee, is so severe that all employers, even the smallest, must carefully adhere.

EMPLOYER-PROVIDED INSURANCE

In the past, many employers paid some or all of an employee's individual health insurance premiums. This was a tax deduction to the employer and tax-free to the employee. But those arrangements now violate the "market reforms" of the ACA and ...

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