The Affordable Care Act – Now is the time for companies to act

Tax

January 22, 2013 20:00 GMT

January 22, 2013 21:30 GMT

Duration: 01:30

Video broadcast live from: New York

The Affordable Care Act is the law of the land and will impact virtually all companies.

The federal government has recently released major regulations and is moving full speed ahead with implementation of the law. It is imperative that companies do the same. Executives in tax, human resources, information technology, and finance need to become familiar with the impending deadlines and develop a comprehensive strategy for addressing key provisions of the law. The Act will affect companies’ benefit designs, workforce composition, reporting systems, tax administration, and bottom line. Failure to understand an employer’s obligations under the Affordable Care Act could result in fines, unforeseen tax liabilities, and reputational risk.

In this webcast, we will present an overview of the Affordable Care Act, including a discussion of the major employer requirements, key effective dates, and what companies need to know in the short- and long-term.

Watch the one-minute recap

Panelists:

Jeffrey Saviano

Ernst & Young LLP, Director of Indirect and State and Local Tax, New York, NY

Jeffrey Saviano is the global EY organization's Americas Director of Indirect, State and Local Tax. Jeff leads the indirect, state and local tax practices in the Americas, which includes North, South and Central America and Israel. Based in New York City and Boston, Jeff is a principal of Ernst & Young LLP.

Jeff directs a practice that helps companies manage their state and local taxes in the United States and their non-income-based taxes in Canada and South and Central America. He also advises clients on state tax policy matters affecting corporate taxpayers.

Jeff received a bachelor's degree in accounting from Iona College, a J.D. from Syracuse University College of Law and an LL.M. in Taxation from Boston University School of Law.

Anne Phelps

Ernst & Young LLP, Washington Council EY, Washington, D.C.

Anne Phelps is a member of Ernst & Young LLP's Washington Council EY group. Anne has extensive policy and legislative experience in a broad range of federal health care legislative and regulatory issues. Her experience includes employee health benefits, health insurance and Medicare law, health care savings and tax vehicles, and pharmaceutical/drug industry issues.

Anne received a B.A. from the University of Dayton and a M.A. in Public Policy from The George Washington University.

Helen Morrison

Ernst & Young LLP, Performance & Reward, Washington, D.C.

Helen Morrison is a Principal in the National Tax Department of Ernst & Young LLP. As a member of the Compensation and Benefits practice, Helen assists clients address compliance and management of health care reform, executive compensation and other key employee benefits tax-related matters.

Prior to joining EY, Helen served from 2007 – 2012 as the Deputy Benefits Tax Counsel in the Office of Benefits Tax Counsel for the Department of the Treasury. She played a lead role in the Administration’s tax-related initiatives on health care reform and the Treasury Department’s implementation of these provisions enacted as part of the Affordable Care Act. She also served as a senior Treasury advisor on executive compensation matters including the section 409A deferred compensation rules, section 457A rules on deferred compensation to for companies in “tax indifferent” jurisdictions, and other tax-related compensation matters

Moderator:

Hank Neely

EY, Americas Markets Leader – Tax, Dallas, TX

Hank Neely is a partner at Ernst & Young LLP and the Americas Tax Managing Partner - Markets. Hank is responsible for developing and executing the overall market strategy for the Americas Tax practice, including initiatives that promote growth and quality service and increase industry insights and knowledge about our clients and market segments. Hank also leads the Tax practice's focus on Office of the Chairman and Priority Growth Accounts.