Large and Small Employers in 2015 Be Mindful of These Key ACA Provisions

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Did Your Business Have a Net Operating Loss in 2014?

Does Your Business Provide Good Online Customer Service?

What Repair Regulation Option is Right for Your Business?

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Large and Small Employers in 2015 Be Mindful of These Key ACA Provisions

The main thing most business owners need to know is whether they're subject to the shared-responsibility provision, commonly referred to as "play or pay." It applies to "large" employers, defined as those with at least 50 full-time employees or the equivalent (factoring in part-time employees).

To avoid the risk of penalties, large employers must offer actual full-time employees and their dependents minimum essential health care ...(Read More)

"Been a client for my company and personal since 1989. They treat you as if you are the most important client that they have. A true professional group!"

-Joe & Carroll Fingar

APRIL 2015

It's been five years since the Affordable Care Act (ACA) was signed into law, and since then various federal agencies, such as the IRS, the Department of Labor and the Department of Health and Human Services, have issued extensive regulations and guidance on the ACA.

This has sometimes made it difficult for employers to keep up with their responsibilities under the law. We provide a quick update on a few key provisions for large and small employers to be mindful of in 2015.

If changes in the ACA regulations and how they affect your business stress you out, give us a call and let us make sense of it all, so you can relax!

Did Your Business Have a Net Operating Loss in 2014?

If you reported more business expenses than income on your 2014 tax return, you may have a net operating loss. That means you have the opportunity to apply your loss to past and future tax years to generate a refund or reduce your tax liability.

Unless you elected to carry the entire loss to future years, the general rule is you can use it to offset income in the two prior years, then carry the remainder, if any, forward for the next 20 years...(Read More)

Does Your Business Provide Good Online Customer Service? Four Tips to Ensure That You Are.

Providing excellent customer service is crucial for any business, whether that service is provided across the counter in a local brick-and-mortar store or over the Internet. Online customers can be impatient, and dealing with customer complaints over the Internet can be especially challenging.

In most cases, your tone of voice and body language can't be used to communicate online, so it's even more important to choose your words carefully. When responding to customer complaints via e-mail, chat rooms, or other online venues, keep these four ...(Read More)

What Repair Regulation Option is Right for Your Business?

Have you thought about your accounting method lately? The IRS has - and the result is the "repair" regulations. As you may have heard, these regulations became effective in January 2014. They control the way you record costs incurred to acquire, produce, or improve tangible property.

What do the repair regulations have to do with your accounting method? Your taxable income is generally computed using the same "method of accounting" that you apply to your books...(Read More)