Taxes July 31, 2025
New Federal School Voucher Program Poses a Quandary for States: Opt In or Opt Out?
A tax credit in Trump’s signature law leaves states to sort out rules, funding, and oversight.
January 7, 2014
Survey: Economy Is Primary Concern For Business Owners
54% of Independent Business Owners Say Weak Economic Environment is #1 Concern in 2014
January 7, 2014
As Healthcare Law Affects Insurance Rates, 401(k) Saving Drops
Tax deferred retirement savings accounts, especially 401(k)s, have long been a standard for American workers looking to ensure some savings and income during their retirement years. But the economy and recent changes to healthcare law and insurance premiums are having a negative effect on savings rates.
December 5, 2013
Report: IRS Needs to Strengthen Controls on ACA Health Care Tax Credits
The Internal Revenue Service (IRS) needs to strengthen systems development controls for the Premium Tax Credit (PTC) Project, the Treasury Inspector General for Tax Administration (TIGTA) concludes in a new report publicly released today.
November 30, 2013
Tips on Who Qualifies for Health Tax Credits
Health reform expanded Medicaid to those earning less than 138 percent of poverty level. To speed up the application process, Medicaid no longer asks for savings account statements and insurance policy values to determine eligibility.
November 27, 2013
Virginia Medicaid Debate Uncertain
Both sides still are coming to terms with the potential outcomes of the decision on whether to expand the state and federally funded program providing health care for people with low incomes. It could be years before the issue is resolved, said Del. R. Steven Landes, R-Weyers Cave, the vice chairman of a state panel…
November 22, 2013
Defining “Modified Adjusted Gross Income” for Health Tax Credits
Anyone trying to estimate their 2014 income to know whether they qualify for tax credits from a new health insurance exchange likely ran into this question:
November 11, 2013
Tool Helps Test Effects of Healthcare Law on Businesses
Thomson Reuters Releases ACA Decision Support Tool for Tax and Employee Benefits Professionals
October 21, 2013
Tips to Navigate New Tax Laws, Changes to W-2 and 1099
Preparing for tax season is something individuals need to think about more than just once a year, especially since it seems that every year brings with it new changes related to W-2 and 1099 forms and reporting requirements. For Tax Year 2013, which most Americans will file by April 15, 2014, there are several important…
September 30, 2013
Marijuana Helping to Grow Jobs in Maine
For 27 year-old Paul McCarrier, selling marijuana pays the bills and grows his career. But McCarrier doesn't meet clients on street corners or in dimly lit parking lots.
September 12, 2013
Solution Helps Employers Meet Shared Responsibility Requirements of ObamaCare
Employers with 50 or more full-time equivalent employees on their payroll during the previous calendar year have a "shared responsibility" under the Affordable Care Act (aka, ObamaCare) to offer minimum essential coverage to their full-time employees.
September 10, 2013
The Key Healthcare Reform Provisions Employers Should Know
To help business owners stay on top of health care reform, Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, has outlined below, provisions of interest to business owners and their employees that are expected to take effect in 2014 or sooner, and those delayed…
July 22, 2013
Survey says healthcare law will make hiring less likely at small businesses
The Affordable Care Act, aka ObamaCare, is decreasing the likelihood that businesses will hire new employees, according to a new survey by Sageworks, a financial information company.