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Impact of Undoing Exemption From The ACA Individual Mandate Hotly Debated

The debate surrounding the pending repeal of the Affordable Care Act’s centerpiece requirement that most people get insurance or pay a penalty is alive and well. A measure to repeal the ACA's mandate was rolled into the recently proposed tax plan and is currently being vigorously debated. But now, more experts are concluding that rising [...]

By | December 18th, 2017|Affordable Care Act, Health Care, Insurance, IRS, Taxes|0 Comments

The Tax Corner – May 2015

By Nancy Espinoza, Tax Manager IRS Announces 2016 HSA Limits The IRS has announced the 2016 contribution limits for high-deductible health savings account. For individuals with self-only coverage, the contribution limit will remain at $3,350. For family coverage under a high-deductible plan, the 2016 limit will increase to $6,750. For details, click here. U.S. Department [...]

By | May 19th, 2015|Accountants, Department of Labor, IRS, May 2015, Newsletter|0 Comments

The Tax Corner – April 2015

By Nancy Espinoza, Tax Manager Required Paperwork for Newly Hired Employees In order to stay compliant with the various government agencies, employers should be aware of necessary paperwork required when hiring new employees: Under the Immigration Reform and Control Act of 1986, all employers are required to verify the identity and the eligibility of employees [...]

By | April 21st, 2015|Accountants, April 2015, IRS, New Hires, Newsletter, Reporting, Taxes|0 Comments