North Hempstead, NY – Town of North Hempstead Supervisor Judi Bosworth and the Town Board are pleased to announce the latest in an ongoing series of seminars helping North Hempstead’s business community. This seminar, “Part II – The Affordable Health Care Act, Its Tax Implications & Health Benefits – One Year Later,” will help businesses navigate the law’s ever-continuing nuances and changes, as well as their required responsibility under the Act, costs, health plan options, expanded coverage and tax implications. The seminars are hosted by the North Hempstead Business and Tourism Development Corporation (BTDC).

The seminar will be held March 20, 2015 at the Harbor Links Club House and will begin at 8 a.m. A free continental breakfast is included with registration.

A panel of experts will clear up any misconceptions about the Affordable Care Act and detail what the federal requirements are, how it can affect a business owner and employees, what impact it could have on a business’s bottom line, what the tax implications are, and what the covered benefits are.

Supervisor Bosworth said of the program, “The Town of North Hempstead is committed to helping local businesses to not only survive, but to thrive in our exceptional business environment. With this seminar, we reaffirm that commitment to our neighbors by offering the opportunity to converse with experts about cost effective ways to use state and federal laws to take the best care of their employees and their businesses.” Bosworth also serves as the Chair of the Business and Tourism Development Corporation.

The seminar will feature our returning panel of experts, Kenneth Laks, CPA and Kyle Sloane. Laks is the Tax Principal at Albrecht, Viggiano, Zureck and Company, and specializes in tax law. Kyle Sloan is the Senior Vice President of Insurance for Newtek Insurance Agency, LLC, with degrees in Insurance Economics and Finance Economics. Laks and Sloane will be available to advise local business owners on how to reduce costs and maximize the benefits from the new healthcare exchanges and if you own a business with 25 employees or less, you may be eligible for a Small Business Health Care Tax Credit.

BTDC Executive Director Kim Kaiman said of the seminar, “Business owners must now provide coverage for their workers or pay penalties. Unfortunately, very few business owners know exactly what the new ACA is going to mean to them, or who qualifies as a “Small Business,” and this lack of understanding has sparked a lot of debate. Our returning panel of experts will detail the expanded coverage of benefits, the NY Health Benefits Exchange, options for employers with 50 or fewer full-time employees, and the costs and tax implications for all.”

The seminar is free and all business owners are welcome to attend. Pre-registration is required. To register, call (516) 869-7614, or visit online at www.btdc.biz/onlineregistration.asp.