How Part-Time Workers Affect The ACA Health Insurance Requirement For Employers
30 October 2017
Employers that have a few dozen workers may be near the threshold at which health insurance must be provided to employees. The Affordable Care Act (ACA) generally requires employers with 50 or more full-time employees to offer health insurance. For purposes of the ACA, however, the number of part-time and seasonal workers affects the tabulation of full-time workers.
Each part-time worker is counted as a partial share of a full-time employee.
Not Using An Accountant For Your Small Business?3 Reasons You Need To Hire One
19 October 2017
If you own a small business, but you haven't hired an accountant, you could be setting yourself up for some serious problems. First, you've got too much on your plate to try taking care of the financial records. Second, if you're handling your own finances, that means you're also handling your own taxes, which can be detrimental. Here are three reasons why you need have an accountant for your business.
Why Are There Three Different Versions Of Form 1095 For Healthcare Insurance?
18 October 2017
Several aspects of the Affordable Care Act interact with federal income tax regulations. The penalty for not having health insurance is assessed on individual tax returns. As part of the implementation of the ACA, healthcare providers issue certain IRS forms to insured individuals. Although the three main forms issued to tax filers have similar-sounding names, the forms serve very different purposes.
Tax filers are sometimes initially confused to learn that there are three IRS forms in the Form 1095 series.
The Effects Of Poor Financial Data Bookkeeping And How Accountants Can Help
15 October 2017
Owning and operating your own business is an ideal situation for many people. It is the chance for them to be their own bosses and make their own success. However, a lot of people that start their own businesses fail miserably at one very important aspect: financial data bookkeeping. Here are just some of the effects of poor financial data bookkeeping, and how accountants can help.
Your Business is Heading for Bankruptcy