Spending Resolution Affects ACA Taxes by GCG Financial
On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts three taxes and fees under the Affordable Care Act… Read more→
What is a “Grandmothered” Healthcare Plan?
Right before January 1, 2014, when the Affordable Care Act (ACA) was to go into effect for SMALL BUSINESSES, President Obama’s administration announced a transitional relief program that would let states and insurance companies allow these small group policies to… Read more→
Is the Affordable Care Act Helping or Hurting Small Businesses?
by Marcus Newman, GCG Financial There are many mixed opinions on the impact of the Affordable Care Act. Is it helping small businesses? Or hurting them? Marcus Newman of GCG Financial aims to provide some clarity on this discussion, citing… Read more→
ACA Requirements for ALL Small Businesses
The answer is a very simple NOT RIGHT. The Affordable Care Act (ACA) has requirements for ALL business sizes. Some of the requirements you have heard about – but some you probably haven’t. After six years of this healthcare law,… Read more→
Size Matters: Health Insurance and the Size of Your Small Business
Let’s go in order: 20, 20, 50 ATNE, 150 20 Employees: Twenty is an important number in many ways. The most well-known is the difference between State Continuation and COBRA Continuation. Under 20 employees continuation is governed by state law… Read more→
Affordable Care Act Violations and Penalties
The Affordable Care Act (ACA) includes numerous reforms for group health plans and creates new compliance obligations for employers and health plan sponsors. The ACA, for example, requires health plans to eliminate pre-existing condition exclusions and provide coverage for preventive… Read more→
The Clock Is Ticking! It’s Time to Prepare for PPACA Reporting Requirements!
The Affordable Care Act (ACA) created new reporting requirements under Internal Revenue Code (Code) Sections 6055 and 6056. Under these new reporting rules, certain employers must provide information to the IRS about the health plan coverage they offer (or do… Read more→
Draft Instructions for Employer Reporting of Health Coverage Released
On Aug. 28, 2014, the IRS released draft instructions for 6055 & 6056 reporting. Draft versions of forms for 6055 & 6056 reporting were released in July 2014. These instructions are draft versions only, and should not be relied upon… Read more→
Three Important Questions about the Impact of Healthcare Reform on Small Businesses
Question: I have heard that because my business employs fewer than 50 full time employees that the new healthcare law does not apply to us. Is that true or false? Answer: The new healthcare law, The Affordable Care Act (ACA),… Read more→
Obamacare: Tax Ramifications in 2013
In one of the most anticipated rulings in recent history, the Supreme Court upheld the constitutionality of the Patient Protection and Affordable Care Act (informally referred to as Obamacare). Most of the public’s attention was focused on the major changes… Read more→