How the Affordable Care Act Will Affect Your Business

Whether self-employed or an employer with a sizable staff, the health of your business depends on the health of your employees.On March 23, 2010, the Affordable Care Act, which was designed to provide everyone with quality, affordable health insurance, was signed into law. As changes and more information about the bill continue to roll out, you, as a business owner, must stay informed.Comparison pays offIn 2014, an individual mandate will go into effect, requiring everyone to obtain basic health insurance coverage, qualify for an exemption or make a shared responsibility payment when filing a federal tax return.On Oct. 1, 2013,