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Calculating workforce size is especially important for employers
Most employers have fewer than 50 full-time employees or full-time equivalent employees. Therefore, they are not subject to the Affordable Care Act’s employer shared-responsibility provision.If an employer has fewer than 50 full-time employees, including full-time equivalent employees, on average during the prior year, the employer is not an Applicable Large Employer for the current calendar year. Therefore, the employer is not subject to the employer shared-responsibility provisions or the employer information reporting provisions for the current year. Employers with 50 or fewer employees can purchase health insurance coverage for its employees (Read more...)