Blog Archives

Tax Year 2017 Deadlines

These reminders don’t do much for our popularity. But, the only thing worse than doing the work of complying with IRS mandates is stressing over penalties after the IRS has already knocked on your door (see IRS sample letter 226J). …

Play or Pay Penalty Notices Are Coming

The Internal Revenue Service (IRS) has started the process of levying penalties on employers under the Affordable Care Act (ACA) employer shared responsibility provision. Often called the employer mandate or play or pay, the ACA provides for the IRS to …

2017 Penalties for Not Offering Coverage Under the Affordable Care Act

Kaiser has the easiest of these diagrams to digest.  This one has the updated penalties for 2017.  Enjoy:

Cadillac Tax Explained

The Cadillac Tax is the next BIG provision of the Affordable Care Act to begin in 2018.  That may seem like an eternity from now.  But, given the potential impact to employer groups, I thought it was at least worth …

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Healthcare Tax Forms

If You are a Small Business Claiming a Health Care Tax Credit If you are a small employer claiming a small business health care tax credit, you will file Form 8941, Credit for Small Employer Health Insurance Premiums.  Here are the instructions. …

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