Liberty Tax Service Reminds Business Owners of Affordable Care Act October 1 Deadline
VIRGINIA BEACH, VA - (Marketwired - Sep 23, 2013) - Liberty Tax Service, a subsidiary of JTH Holding, Inc. (NASDAQ: TAX), is reminding business owners that the Affordable Care Act (ACA) requires them to notify employees by October 1, 2013 of health insurance coverage options. Under the ACA, businesses subject to the Fair Labor Standards Act (FLSA), must notify their employees of the insurance coverage options currently available to the employee. The Department of Labor's website has several model notices, including Spanish translations, for businesses to use depending on their specific scenario.
"Some business owners believe that they do not have to offer health insurance so they aren't required to do anything. However, businesses subject to the FLSA are required to notify all of their existing employees by October 1 of the insurance coverage options available through the health insurance marketplace," explains Chuck Lovelace, the Vice President of Affordable Care for Liberty Tax Service.
In order to address the changes the ACA will bring about to the tax industry, Liberty Tax has a department dedicated to training and educating its tax preparers and customers regarding the ACA's impact. For answers to questions or concerns regarding the ACA, individuals may email ACA@LibTax.com or call 1-800-673-8600.
Free seminars discussing the ACA's impact on individuals and businesses are open to the public at various Liberty Tax locations across the country. Free, informative pamphlets are also available to business owners and individuals who want to learn more about the ACA and its impact. Liberty Tax has a website, www.healthcaretaxinfo.com, which offers FAQs, a subsidy calculator, and scenarios for individual circumstances, to help inform the public about the ACA.
To find a local Liberty Tax Service office, call 1-866-871-1040 or visit www.LibertyTax.com.
About JTH Holding, Inc.
Founded in 1997 by CEO John T. Hewitt, JTH Holding, Inc. is the parent company of Liberty Tax Service. As the fastest-growing tax preparation franchise, Liberty Tax Service has prepared over 12 million individual income tax returns. Liberty Tax Service also offers an online tax service, eSmart Tax, which enables customers to do their own taxes wherever there's a computer. eSmart Tax is backed by the tax professionals at Liberty Tax Service and its nationwide network of over 30,000 tax preparers, ready to offer their assistance at any time. For a more in-depth look at Liberty Tax Service, visit www.libertytax.com.
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