Posted on 12/25/2009 8:17:56 AM PST by CapnJack
What can employers across the country, big and small, do to avoid much of the costs of the new Obamacare legislation?
There has been talk about converting employees to contractors. But there are pitfalls to doing this as outlined by this site: http://www.contingentlaw.com/Costly_legal_myths_in_contract.htm
What can employees do to avoid costs (or even protest) this new monstrosity being forced upon them?
If you are a business owner, what are some plans you might inact to reduce the costs and emilinate or minimize any penalties that will come with this legislation?
Thanks.
This should be the link to the website I mentioned above
http://www.contingentlaw.com/Costly_legal_myths_in_contract.htm
As an employee and with the expansion of Medicaid there is not much I can do because the payroll department will just take more from my paycheck for the Medicaid cost increase. They have me over a barrel.
simple solutions to complex problems:
Closing the doors and retiring, telling everyone to go see Obama for job and healthcare, I QUIT, It is not my responsibility to pay anything for anyone.
If I were an employer that provided health care, I would increase the amount of their paychecks as of today for the amount I, the employer, contribute. It would then be up to the individual to either purchase their own care of pay the $750 annual fine.
“As an employee and with the expansion of Medicaid there is not much I can do because the payroll department will just take more from my paycheck for the Medicaid cost increase. They have me over a barrel.”
One of the simplest things an employee can do is to increase deductions (especially if you usually get taxes back from the feds and/or state) and put the extra money in your paycheck into an IRA, bonds, gold or a savings account. You will keep the money and depending on the vehicle you choose, will earn far better returns on your money and have some available should you end up owing. And as an added bonus, the gubmint doesn’t get to use your money to give to someone else until the last minute.
Make sure that you compare what you will pay by filing short and long forms. Sometimes you end up better off with one than the other and if your income changes, that could also change.
I am making every effort to reduce my taxes, staying legal, but usinf every available avoidance...tax accountants are sometimes a really good investment (no I am not one and am not shilling for them) and fees (mostly deductible) may save you more than doing them yourself.
Having owned businesses before, I would just look at my profit/loss estimates. Sorry, but I expect a certain amount of profit to maintain a certain standard of living. A few of my employees would be out of work. The ones I suspected voted for Obama would be first on the list. They voted him in they should be the first to experience the benefits of having done so. Of course I would make sure to let them know how under Bush their jobs had never been threatened but under Obama I had no other choice.
Only hire part time or 1099 ee’s for one. That is what they do in Hawaii. Also move headquarters offshor.
Right. Fire everyone and buy robots and PC that make the decisions.
That’s the only way to get out of the healthcare tentacles. Or close up shop all together and leave town.
I am up to 12 exemptions for a single person. I intend to send an IOU in with my return...just for fun.
Defeat it before it becomes law.
And who wrote this site? When they refer to laid off workers as LAIN off workers I am already suspicious. Moreover, this site has to do with trying to understand who is consider an independent contractor and who is a company employee. Most of those questions have been settled by litagation
“I am up to 12 exemptions for a single person. I intend to send an IOU in with my return...just for fun.”
Heh heh...I am exploring options for declaring citizens of non-tax paying states and those who are excluded from paying for medicare and medicaid as dependents...
A while back, Glenn Beck had one of the commies who is working for Obama, I forget his name, on his show for an interview. During the interview he revealed that he had owned a maid service several years back and he got busted by the State of California for having all the people who worked for him as 1099 contractors. The state apparently thought he should have had them as employees, and paying payroll taxes. Of course he didn’t admit that part of it and tried to turn it into an issue of how workers are abused.
The short of it is that very small businesses might be able to get away with doing 1099s, but once they reach a ceratin size they’ll start being punished for it.
You are totally correct. The idiots in D C dont have a clue
how things work. Why should anyone have a business that does not make a profit.
Case closed
Hey great idea. Claim 100 million dependents and calculate your refound of all taxes you have ever paid. I like it.
I can tell you, from experience — do NOT bother calling them ‘contractors.’ The IRS is hot on the trail of that, and you could have someone who works for you one hour a week, as we do in our community orchestra, and they will call him an EMPLOYEE and demand back withholding, etc.
buzzards..
I’ve heard there are some size limitations. Keep the number of employees below the critical number (10 I think) and the garbage doesn’t kick in.
“I’ve heard there are some size limitations.”
Size matters...stay lean and mean...
By the way, at my last job, all of us had to pay our own premiums. We had group insurance, but everyone — single, married, with dependents — all had to have premiums deducted from their pay. I understand that is becoming the norm now; expect more businesses to do the same once Obama Death Care becomes law.
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