There are a number of penalties associated with the Affordable Care Act.
Until recently, one of the more draconian ones facing small businesses was thought to be the Oct. 1, 2013, deadline for notifying employees about the individual health insurance mandate that is scheduled for Jan. 1, 2014, and the health care exchanges. A business with at least one employee and $500,000 in revenue is required to notify its employees under the notification mandate. Satisfying the requirement is relatively painless, but the penalty for failing to do so, it was thought, is not.
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