New notice explains effect of employer mandate changes

The employer penalty provisions and two reporting requirements under the Affordable Care Act have been
delayed until 2015. Although Notice 2013-45 was released, it does little to expand on the earlier announcement of the
delay. The Notice does provide further guidance on the transition relief that operates to delay these provisions. It is
important to note that the employer penalties and applicable reporting requirements will be fully effective in 2015. The
Notice confirms the following:

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