Steve Ellard, CPA will present a detailed update on the EMAC and the recently passed Grand Bargain legislation to members of the Chambers of Commerce. Please find the agenda below.
- Introduction
- Overview of EMAC
- History from RomneyCare to Obamacare
- Employees Covered
- Calculation of Tax
- Employer Notification Process
- Payment of Tax
- Overview of the Grand Bargain
- Increase in Minimum Wage
- Increase in Minimum Wage for Tipped Employees
- Elimination of OT for Holidays & Sundays
- Paid Family Leave & Tax
- Paid Medical Leave & Tax
- Calculation of New Taxes
- Closing & Questions