Demystifying health care reform

Description

Abstract: There’s a lot of confusion about how — and when — the new health care legislation affects businesses. This article answers questions that many dealers may have about the tax credit that’s available to some smaller businesses. And it discusses the upcoming requirement that many businesses must provide health insurance or pay a penalty. It also looks at the tax hikes on wealthy individuals that will come into play to help pay for health care reform, and discusses new IRS reporting requirements. A sidebar offers tips for reducing the cost of employee benefits right away.