4Thought Blog

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The American Health Care Act: What Business Owners Should Know

Posted by Concannon Miller on Thu, Jun 15, 2017

The health care debate in Washington is far from settled. President Trump this week called the American Health Care Act passed by the House in early May “mean” and Republican Senators are working on their own version of the bill.

But it’s likely some portions of the AHCA will make it into the Senate bill. Here’s what business owners should know about it:

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Topics: Business tax planning, Health care

New Law Allows Small Employers to Provide Affordable Health Benefits

Posted by Concannon Miller on Thu, Dec 29, 2016

The new federal law has opened an avenue for small employers to provide health benefits to employees at an affordable cost.

On December 13, 2016, President Obama signed into law the 21st Century Cures Act. In addition to funding medical research, accelerating cutting-edge treatments for rare diseases and adding significant reforms to the mental health system, the new legislation allows small employers to provide standalone Health Reimbursement Arrangements (HRAs) to employees without paying penalties imposed by the Affordable Care Act (ACA).

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Topics: Health care

Top Taxes Americans Love to Hate

Posted by Concannon Miller on Thu, Jul 28, 2016

Few people enjoy giving money to the IRS, but some types of taxes are viewed more unfavorably than others.

Here are three worthy candidates vying for the title of most-hated tax:

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Topics: Business tax planning, Health care, Individual tax planning

Looking to Reduce Health Care Costs? Check Out This Tax Credit for Small Businesses

Posted by IRS on Fri, Jun 17, 2016

If you are a small business owner, there is a tax credit that can put money in your pocket.

The Small Business Health Care Tax Credit benefits employers that:

  • have fewer than 25 full-time equivalent employees
  • pay an average wage of less than $50,000 a year
  • pay at least half of employee health insurance premiums
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Topics: Business tax planning, Health care, Small business

IRS Delays Some Affordable Care Act Requirements for Employers

Posted by Tony Bragano on Wed, Dec 30, 2015

The IRS this week granted a bit of a reprieve on some Affordable Care Act reporting requirements.

The IRS has extended the deadline for providing Form 1095-C to full-time employees from February 1, 2016 to March 31, 2016. The deadline for filing the forms with the IRS also was extended from February 29, 2016 to May 31, 2016 if filing on paper and from March 31, 2016 to June 30, 2016 for electronic filings.

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Topics: Health care

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