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Stock impact report

ShiftPixy Sees Opportunity in IRS Notices of ACA Non-Compliance

ShiftPixy, Inc. (PIXY) 
Last shiftpixy, inc. earnings: 1/21 04:21 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.shiftpixy.com/investor-relations
Company Research Source: GlobeNewswire
IRVINE, Calif., Sept. 10, 2018 (GLOBE NEWSWIRE) -- ShiftPixy, Inc. (NASDAQ: PIXY), a disruptive workforce engagement platform provider, notes that thousands of businesses across the U.S. are now receiving penalty notices (letter 226-J) from the IRS for failure to comply with provisions of the Affordable Care Act (ACA) for the 2015 reporting year.  The penalties, which relate to the alleged failure of large employers (those with more than 50 employees) to provide adequate healthcare insurance that is affordable and meets a minimum value, are often in the hundreds of thousands of dollars which can potentially bankrupt smaller firms. ShiftPixy, with its roots in staffing compliance, protects its clients from such unwelcome violation notices and multiple other compliance burdens, something that large, well known competitors fail to do.  Unlike others, ShiftPixy embraces employer status of the workforce, offering employment-related benefits and protections, all while handling administra Show less Read more
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