ED Publications

May 2015

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Club Bulletin May 2015 11 www.ExoticDancer.com "If you haven't done anything yet in regard to Obamacare, you are currenty acquiring financial penalties," says Steve Sorey of Orchestrate HR, a Dallas-based company that has been in business for 50 years and currently serves over 5,000 clients with 400 corporate employees and offices in 13 different states. Orchestrate HR's core services include employee benefits consulting, third party administration and managing general underwriting. "The penalty is roughly $2,000 per year, per full-time employee, or $170 per month, per full-time employee." As Sorey explains, there are a few irrefutable truths when it comes to Obamacare. The first one being, you can't simply do nothing. The IRS is now directly involved with Obamacare compliance, as club owners will see when they file their taxes for 2015 in early 2016. The second reality club owners must face is, the qualifying number of full-time employees (or full-time equivalents)—meaning, the threshold which decides whether or not you must offer insurance via the ACA—gets cut in half, from 100 to 50. "When club owners file their W2s next year for 2015," explains Sorey, "they'll also have to file form 1095-C which will force them to say 'yes' they offer health care through the ACA or 'no' they don't, and each of their employees will also receive a form (1094-C) where they'll answer whether or not their employer offered insurance via the ACA. This is how the federal government is going to get you." Ouch. We can almost hear another collective, "I need a drink" from our readers. There's no doubt that Obamacare compliance, along with the associated fines and tax implications, is a headache that no club owner wants to deal with, on top of everything else they already have to do to operate their business. In short, it's a nightmare. But that's where Orchestrate HR comes in, and that's exactly why club owners across the country, including the Rick's Cabaret club chain, as well as Cabaret Royale in Dallas and other Burch-Management-owned clubs in Texas, already trust Orchestrate HR to manage the Obamacare insurance situation for their clubs. "We have hired Orchestrate HR to assist us with our Obamacare compliance for the 2014 calendar year and we couldn't have done it without them," says Phil Marshall, Chief Financial Officer for RCI Holdings, Inc. (Rick's Cabaret). "Steve and his team have worked hard to help us assure compliance while saving us significant amounts of money in premiums or penalties." "We are a wholesale provider of insurance and insurance administration, and our corporate staff manages their health care package and, more importantly, manages their Obamacare compliance," addds Sorey. "Compliance has become a business process unto itself, and many club owners don't have any idea how to do it properly, nor do they have the time or the staff to do it all. With Orchestrate HR, we offer bulletproof protection. We will ensure that they have 100% compliance with Obamacare, and we will save them money." As Sorey notes, Orchestrate HR has saved Rick's Cabaret millions of dollars in Obamacare compliance. While the savings would clearly be different for a single club operator, it's clearly better than paying thousands of dollars in penalties that could be applied to employees from 2013, 2014 and 2015. If you're thinking, "this is too good to be true" or "I can't afford their services," here's some good news: Orchestrate HR provides a free cost analysis—yes, free, with zero obligation—to any club owner that contacts them. "We'll run a free cost analysis, meaning, we'll get some information from you—number of employees, financials, nothing that's intrusive or time consuming—and let you know immediately if it makes financial sense for you to use our services," says Sorey. "There's no sales pitch here. You'll know within the first three lines of our analysis whether or not you want to move forward—it will either work for you or it won't." We spoke further with Sorey to gain even more information about the Affordable Care Act, what compliance means for club owners, and what Orchestrate HR can do to take the We'll run a free cost analysis, meaning, we'll get some information from you—number of employees, financials, nothing that's intrusive or time consuming—and let you know immediately if it makes financial sense for you to use our services. There's no sales pitch here. You'll know within the first three lines of our analysis whether or not you want to move forward—it will either work for you or it won't.

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