—Nothing to manage, just one payment a year based on how many employees you have, and youre done.—
And if you can reduce their compensation by the same amount, it’s a wash. :-)
My employer is handling it differently. As of last month, my employer does not direct hire, we only hire through temp companies now. Fortunately, those of us who were here before that date are still employees, but we were told that could also change depending on the next BOD meeting in the spring.
And because the fine is well below the cost of providing insurance coverage, it is a financial win.
I can’t wait for the outcry over this:
Effective by January 1, 2013
Income from self-employment and wages of single individuals in excess of $200,000 annually will be subject to an additional tax of 0.9%. The threshold amount is $250,000 for a married couple filing jointly (threshold applies to joint compensation of the two spouses), or $125,000 for a married person filing separately.[74] In addition, an additional Medicare tax of 3.8% will apply to unearned income, specifically the lesser of net investment income or the amount by which adjusted gross income exceeds $200,000 ($250,000 for a married couple filing jointly; $125,000 for a married person filing separately.)[