Here is a link to an informative article addressing the complexities of determining whether employees are full time or part time, and some of the implications of full time status under the Affordable Care Act.
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Yesterday, the Pennsylvania House of Representatives voted in favor of House Bill 790 by a vote of 105-90. The bill now heads to the Pennsylvania Senate where I expect to see additional changes to the legislation. It looks like Pennsylvania is about to get out of the business of selling alcohol to its citizens.
Report From Pennsylvania Restaurant & Lodging Association: Patient Protection and Affordable Care Act (“PPACA”) Seminar
My colleague, Sarah Ivy, did a great job speaking at the Pennsylvania
Restaurant & Lodging Association’s annual meeting this past weekend. The
topic of Sarah’s presentation was the Patient Protection and Affordable Care
Act (“PPACA”). There were many questions from an audience consisting of
franchisors, owners and operators of many well known restaurant and lodging
brands. Whether the operator was large or small, the questions focused on
how the PPACA will impact the bottom line and the workforce. The restaurant
and lodging industries face unique challenges with the implementation of the
PPACA as they tend to rely heavily on part-time workers. One of the large
franchisors in attendance explained that their system now designates one
full-time employee in each restaurant location to manage workers’ time so
that their number of full-time equivalent workers stays within the
parameters that ownership has determined acceptable. Dedicating additional
resources to manage the penalties and costs of the PPACA will be the norm
for many businesses going forward.
If you are an employer, large or small, and you are uncertain how to manage
the impact of the PPACA, you need to speak with Sarah or another tax
Liz MacDonald of Fox Business News reports that the IRS is looking for
businesses that misclassify workers as “independent contractors” when they
are actually employees. President Obama believes this effort can raise as
much as $7 Billion by finding companies who should be paying more payroll,
Social Security, Medicare, and unemployment taxes. It is reported that
fines can be up to 100% of the payroll taxes due.
The start of the new year is a reflective time when people look back on their experiences and attempt to predict the future. It is interesting to read what other authorities believe will be trends in the franchise industry in 2013. Attached are some interesting links:
What do you think? Feel free to list some of your own franchise trend predictions in the comments.