[taildragger]

my best friend owns a company here on Maui that employs 100 people. He told me a few days ago his company's days are numbered. His book keeping dept told him that soon when Obamacare kicks in this next year he will have to pay an additional $2500 per employee to stay legal. Do the math, that is $250,000 more cost to him next year and he said he has not made a profit in the last two to three years as it is. This will put him under and there will be 100 more people on the unemployment list here on Maui. If this happens all over the US (and it is already started) our whole system will go under. No more America as we knew it. Since Hawaii voted over 70% for Obmama I'm sure a lot of his employees voted TO TGERMINATE THEIR OWN JOBS!!

I have been hearing from a CPA Gnome for the last 3 years how businesses are looking for solutions since they are having trouble being or no longer can be "going forward organizations". The potential solutions range from selling to competitors, selling to someone in a lower-cost state because there are no margins. Sadly, sometimes they close it down, and this is before Obamacare. Hold on to your asses, it is going to get much worse.

I need to start a CPA thread here on FR as to what Fr-er CPA / Tax Professionals are seeing, my guess is it isn't pretty....

[who_would_fardels_bear]

If a business is owned by a couple, can they split the business in two so that each half has fewer than 50 employees?

That might be extreme, but it might stave off the tax man for a little longer.

If the family has kids they might be able to split it into smaller parts yet and go for a few more years exempted from Obamacare!

[GailA]

fire all the people who have obama stickers on their cars and hire only republicans, reduce to 49 employees puts you under the 50 number.