The Employer Shared Responsibility Mandate a key piece of the Patient Protection and Affordable Care Act was originally scheduled to take effect January 1, 2014. This key piece of the legislation has been officially postponed until 2015. The Employer Shared Responsibility Mandate includes the requirement that large employers of 50 or more full-time… Read more about Health Care Reform Alert: Are You Subject To the Employer Shared Responsibility Mandate?
IRS Intensifies National Crackdown on Identity Theft
To stop Identity thieves up front, the IRS has made a significant increase for 2013 in the number and quality of identity theft screening filters that spot fraudulent returns before refunds are issued. More than 3,000 IRS employees have been assigned to work on identity theft-related cases. The IRS provides the following tips to help… Read more about IRS Intensifies National Crackdown on Identity Theft
Foreign Bank Accounts, Time is Running Out
REPORTING FOREIGN BANK ACCOUNTS (FBAR) The deadline for reporting foreign bank accounts is approaching the FBAR form must be received by IRS no later than June 30, 2013. The form number is: TD F 90-22.1 United States persons are required to file an FBAR if: 1) The US person had… Read more about Foreign Bank Accounts, Time is Running Out
ARE YOU READY FOR HEALTHCARE REFORM?
Effective January 1, 2014 employers with more than 50 Full Time (FT) employees must offer employees and their dependents affordable health coverage with a minimum value or face possible penalties. Minimum value means health coverage premiums must be lower than 9.5% of a FT employee’s household income. Employers with more than 50 FT employees are… Read more about ARE YOU READY FOR HEALTHCARE REFORM?
EMPLOYERS HOW PREPARED ARE YOU?
Employers How Prepared Are You? THE IMPACT OF THE PATIENT PROTECTION & AFFORDABLE CARE ACT Important Dates to Remember: NOW – Tax credits are available for employers who provide health insurance for fewer than 25 employees. Summary of Benefits and Coverage: We are now required to provide a 4 page double sided Summary of… Read more about EMPLOYERS HOW PREPARED ARE YOU?
WHAT HEALTH CARE REFORM COULD COST YOU
Are you prepared for 2013? 2013 Healthcare Reform In just a few months starting in 2013, five major taxes will phase in. These taxes are part of the comprehensive health care reform package enacted by Congress in 2010. They are: 1) Medical device manufacturing tax – 2.3 percent tax on… Read more about WHAT HEALTH CARE REFORM COULD COST YOU
Email Security Are you at RISK?
Better safe than sorry As we rely more and more on sending/receiving both general and sensitive emails, it is very important to remember the key to maintaining email security and privacy is encrypting your documents. From the time it is composed to the time it is read, email travels along a mostly unprotected internet, perpetually… Read more about Email Security Are you at RISK?
New IRS Guidelines for 2012
Hello everybody and welcome to the blog section of our exciting new website! In each post we will try to provide information that will be useful to you. If you don’t find the current topic helpful, please feel free to ask any questions about things that you want information on. I can’t lie, some of… Read more about New IRS Guidelines for 2012