One of the biggest issues many business owners nationwide are dealing with is confusion about the various rules associated with the Patient Protection and Affordable Care Act and how they can ensure a level of HR compliance. As a recent report from the Treasury Inspector General shows, there are a variety of offices that will be established to help regulate the ACA.
According to a report obtained by the Washington Examiner, the Internal Revenue Service will create eight offices to handle implementing some of the tax laws associated with the ACA. Among the various issues that the IRS will handle is how hospitals deal with "community benefit activities," while other branches will focus on program management and enforcement.
The paper notes that all of the "enforcement teams" will be responsible for planning the implementation of the exchanges, ensuring that they go into effect on schedule starting in 2014.
These teams may spend much of their time instructing business owners how to comply with the various regulations. A recent eHealth survey revealed that approximately one-third of business owners didn't have a full understanding of the tax implications resulting from the ACA.
