Richmond Community College will host a seminar Nov. 13 that will assist business owners in understanding their legal obligations under the new health care reform act.
“Health Care Reform and Its Impact on Your Business” will be held from 11:30 a.m. to 2 p.m. in the Cole Auditorium on RCC’s main campus in Hamlet. Cost to attend is $25, and lunch is provided. Registration and payment must be paid by Nov. 6 in order to receive lunch.
Patient Protection and Affordable Care Act (ACA) was signed into law March 2010, bringing with its passage a complex mix of requirements for employers. Amy Smith and Tim Robinson, certified public accountants with Hughes, Pittman & Gupton will help business owners wade through these complexities and help them make sure they are in compliance with the law’s requirements. They will also address tax and financial impacts of the ACA for employers.
Impact on Businesses
More than 70 percent of small businesses recently surveyed by e-Health responded that they expect compliance with the ACA to be complex enough to warrant outside assistance with interpreting the legislation.
While some business owners and human resource professionals support the overall goals of the ACA, many find themselves with new full-time jobs as they attempt to distill exactly what their obligations and responsibilities are under the new law.
Mandates, penalties and options are words receiving lots of attention, and the legislation presents challenges for many employers.
Just how the ACA affects businesses will depend on several factors, including:
Whether a company currently offers health insurance to its employees
If a company is self-insured or fully-insured
The number of people employed by a company
About the Partners
Amy Smith is a partner with Hughes, Pittman & Gupton, and her primary focus includes multistate and international tax compliance and consulting for companies in a variety of industries, including manufacturing and distribution, high technology, biotech and pharmaceuticals, healthcare, and professional and technical service providers.
Tim Robinson brings more than 25 years experience in public accounting, as well as two additional years in physician practice management. His work in the field has included clients in medical, construction, real estate, wholesale and retail operations and legal and service industries.
For more information or to register, contact Holly Russell at (910) 410-1704 or firstname.lastname@example.org.