Secret Site Map
Tuesday, October 21, 2014

Home News Obama Seeks to Reassure Small Business on Health Care

Obama Seeks to Reassure Small Business on Health Care

Employee Management

Under the new health care law, companies with more than 50 employees will be required to pay a fee of $2,000 per worker if they do not provide coverage and any employee receives federal health care subsidies.

| April 1, 2010

WASHINGTON - President Obama will seek to reassure the small-business community during a brief trip to Maine, a politically friendly state he carried by nearly 20 points in the 2008 general election. While in New England, he will also make a quick stop in Massachusetts for a couple of Democratic National Committee fundraisers.

Under the new health care law, companies with more than 50 employees will be required to pay a fee of $2,000 per worker if they do not provide coverage and any employee receives federal health care subsidies. The first 30 workers are deducted from the overall cost calculation.

Small businesses, however, are immediately eligible for a tax credit covering 35 percent of the premiums paid to help cover their workers. The credit is set to expand to 50 percent of premium costs in 2014. Firms can claim the credit between 2010 and 2013, and for any two years beyond that point.

In order to qualify for the credit, a company needs to have fewer than the equivalent of 25 full-time workers, according to the administration. It must also pay average annual wages under $50,000 and cover at least 50 percent of its workers' health care coverage.

Click here to read the entire article.

Source: CNN.com

Top news

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

Extreme Spider Infestation Forces Missouri Family to Relocate

A family was driven from their suburban St. Louis home by thousands of venomous spiders that fell from the ceiling and oozed from the walls.

WCBB Raising Funds to Help Injured Industry Professional

Trade group Wildlife Control Business Builders (WCBB) is raising funds to help ECO Wildlife Solutions' Susan Sims, who suffered serious injuries as a result of a ladder fall.

Rentokil NA Names Morrow Vice President of Sales

William (Bill) Morrow has joined the company's management team as VP of sales.

Chris Gorecki Named Head of Rollins Technical Services Department

In addition to overseeing Technical Services, Gorecki will continue to lead Government Relations and Environmental Stewardship, Quality Assurance (Operational and Precision Protection), Termite Damage Claims, Safety (to include GPS) and Field Administrative Support Group.

x