Overview of post-ACA federal health insurance law affecting small businesses

Posted Leave a commentPosted in Affordable Care Act, Employee Benefits, Small Business

After the sweeping changes brought by the Affordable Care Act of 2010 that were phased in over the following several years, these federal actions then further molded small business health benefit plans: IRS Notice 2013-54 – restrictions on employer health care reimbursements not coordinated with ACA insurance plans. IRS Notice 2015-17 – restricts an employer […]

The latest on small business health plans

Posted Leave a commentPosted in Affordable Care Act, Employee Benefits, Health Insurance, Small Business

With all of the tax hubbub lately small business owners and their advisors have had a tough time keeping up with all of the changes. Small business health plans have evolved through a rapid succession of changes over the past year and a half. Yet relatively few employers have taken the time to sort through […]

The real obstacle to immigration reform

Posted Leave a commentPosted in government, immigration, Leadership, News and Politics

I was glad to see this ‘middle of the road’ balanced and non-political coverage of immigration reform in USAToday. “With no major reforms since 1986, our federal immigration laws must be updated. To enhance security, boost the economy, and deal fairly with immigrants seeking to build the American dream. For too long, Washington has avoided […]

Make tax filing easier and less expensive this year

Posted Leave a commentPosted in Accounting, Social Media, Taxes

  We are quickly approaching the beginning of 2017 tax filing season and, as usual, I am scheduling tax return services on a first-come, first-served basis. Most tax documents will arrive in the next two weeks. Just let me know when you are ready to send them; I will make it easy with an online […]

Watch out for these two latest online scams

Posted Leave a commentPosted in Affordable Care Act, cryptocurrency, Social Media, Taxes

Scams always require two components: the media and the message. CPAs are indoctrinated with specific education and are required to maintain an attitude of “professional skepticism”. As a result, I tend to be more likely to notice and document emerging dangerous trends. Based on this experience, I’ve covered online consumer finance scams1 in this blog for […]

IRS launches audits of bitcoin holders

Posted Leave a commentPosted in Accounting, Banking, cryptocurrency, IRS, Taxes

Bitcoin is the largest and oldest cryptocurrency so it makes sense that IRS would take enforcement action against these account owners first. Some owners may have heard incorrect information that their transactions were not taxable or that IRS could not get their account information. Both of these are false. IRS announced last year that it […]

A ‘systems’ approach to business improvement

Posted Leave a commentPosted in Accounting, Leadership, Small Business

Looking for ways to improve your business? It can be overwhelming when you are in the middle of day-to-day operations. Business advisers suggest looking at a business as just a combination of systems. Then looking at each system separately can lead to opportunities to learn more and make improvements. I’m a strong advocate of the […]

IRS Security Upgrade for 2018

Posted Leave a commentPosted in Accounting, IRS

Beginning last month and concluding yesterday, the IRS e-services system went through a dramatic increase in security. The online security upgrade is accompanied by a telephone service security upgrade that went into effect last week. This is the system that tax professionals like me use to address client issues involving the IRS. I wrote about […]

Small business employee benefits under the Tax Cut and Jobs Act

Posted Leave a commentPosted in Employee Benefits, Small Business, Tax Planning

This is the one version of an opening to a group of articles that I am preparing for specific industry or professional groups in my area of concentration: small business employee benefits planning. This version is for CPAs but other versions of the article will be appropriate for small business audiences. In the final weeks […]

Ways to improve response to email

Posted Leave a commentPosted in Marketing, Small Business, Social Media

This blog post was written after a week where I felt that responses to my warm emails (people I know or at least am a ‘contact’) and online messages. The tips are compiled from multiple sources. Use numbers. Keep it short. Use bullet points Use the word “because” Speak to value Make a clear ask Offer […]