(This post is part of my Small Business Startup & Survival Guide. You can catch up on the whole series here.) Under the new health care law, sometimes called Obamacare, the “employer mandate” kicks in for businesses with 50 or more full-time equivalent employees (FTE). For purposes of the mandate, FTE includes full-time employees plus each…
Today is the day. If you plan to participate in the healthcare exchanges under Obamacare, today is your last opportunity to enroll for 2014 – and avoid being subject to the penalty.
How does ACA change your tax picture? And vice versa? The answers are surprisingly hard to find.
Rep. Tom Price (R-GA) has introduced H.R. 2009, referred to as the Keep the IRS Off Your Health Care Act of 2013 to prohibit the Secretary of the Treasury from enforcing the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The bill would bar IRS from enforcing the health care act as a result of the most recent tax exempt organization scandal.
Delays, delays, and more delays. That seems to be the trend this year as concerns mount about how to implement components of the Affordable Care Act (ACA), commonly called Obamacare or the Health Care Act. The White House has reacted to what’s being touted as a series of “operational challenges” by extending deadlines for coverage…
Just one day after the Internal Revenue Service additional Proposed Regulations to clarify governance issues related to the Health Care Act, a group of taxpayers filed a lawsuit in federal court, hoping to put the brakes on the IRS’ right to enforce the Act. The case, Halbig et al v. Sebelius et al, (downloads as…
While Presidential hopeful Mitt Romney’s team scurries to deal with the fall out from his “entitlements” speech, President Barack Obama’s team is having their own “not how I’d hoped this would go” moment. The Obama campaign was dealt a serious blow on yesterday when the nonpartisan Congressional Budget Office (CBO) released a report indicating that…
And just like that, summer is nearly over and it’s back to work. This week, I’ve been sorting through the “Ask the Taxgirl” mailbag and I’m seeing a number of questions that are similar in nature. Many of them are related to the same, tired arguments that taxpayers make over and over. Just because your…
Submitted by RICHARD N. THOMPSON I am a small business owner. I am a sole practitioner. I feel I personally pay plenty in taxes. My employees don’t have benefits. They have jobs. I can’t afford to pay benefits. But I expect to pay more in employer taxes. I cannot imagine with the size of the…
Submitted by ORAYNAB MOHAMAD Although our elected leaders have agreed for years that health care reform is inevitable, they are either unwilling or unable to agree on a comprehensive bill. This gridlock has persisted after the passage of the Patient Protection and Affordable Care Act (PPACA) in 2010. Though the Supreme Court has ruled…