Obamacare Employer Mandate Delayed Until 2015

The Obama administration has announced that the employer mandate, a key component of Obamacare, has been postponed until January 2015. This would have fined businesses with more than 50 employees up to $3,000 per uninsured worker. Why the delay? The announcement, posted on the Treasury website, explains that implementation of the new law is more complex than the Obama administration had anticipated.

This delay will have no impact on the individual mandate or the debut of new insurance marketplaces, which are scheduled to begin in October.

For more information and a link to the announcement, click here: Obama administration announcement

__________________________________________________________________________________________________________ Urbach & Avraham, CPAs Edison, NJ
We offer a full range of accounting, audit, tax, and specialized services to individuals, businesses, estates, medical practices and staffing agencies.
Check out our website at www.ua-cpas.com. Our site features an active blog covering several relevant topics.