Small business Health Reimbursement Arrangement setup and support services

Posted on 2 CommentsPosted in Employee Benefits

I offer three levels of service for self-directed small business Health Reimbursement Arrangements. This applies to either of the two types of HRAs available to small firms in 2017. BASIC SETUP: For a basic fee of $150: Design of an HRA plan through an in-person interview answer questions by the employer and accountant Recommend sample documents for […]

Small Business HRA for 2017

Posted on 5 CommentsPosted in Affordable Care Act, Employee Benefits, Health Insurance

Note added after first publication: The deadline for starting a HRA for retroactive tax treatment is March 30, 2017. HRAs can be started any time for expenses in the future.‏ The most significant tax change affecting small businesses in 2017 is the liberalization of certain types of Health Reimbursement Arrangements (HRA) under the American Cures Act enacted in December 2016. […]

Health care planning for small businesses: 2017

Posted on 2 CommentsPosted in Affordable Care Act, Employee Benefits, Health Insurance

This commentary is based on the February 10 draft outline of the Republican health plan that has not yet been presented to Congress. Of course we expect details to evolve. For fast immediate solutions during the transition period, see my post “Alternatives to Obamacare“. If you operate a small business then proposed changes to health care legislation […]

Save money on small business payroll processing by removing bundled fees

Posted on Leave a commentPosted in Accounting, Employee Benefits, Small Business

A no-load approach to small business payroll In the “old days”, small business payroll services were priced based on a formula that was a bit complex. Factors like frequency of payroll, number of employees, type of pay, benefits, and local taxes all factored into the cost. Year-end ad ancillary services were typically priced separately. To me, […]

Republican attacks against labor unions

Posted on Leave a commentPosted in Employee Benefits, government, News and Politics

Yesterday Pennsylvania labor unions became the latest to suffer a legislative setback Labor unions are under attack. Newly elected Republican governments around the country went to work this past month to weaken the unions exactly as they announced in the campaign season. While labor unions normally support Democratic pro-labor platforms, this year many unions and their […]

Limitations on free tax preparation for 2016 returns

Posted on Leave a commentPosted in Accounting, Affordable Care Act, Employee Benefits, Health Insurance, immigration, nonprofit, Taxes

Each tax season I am pleased to prepare some individual tax preparation services for n fee except the filing fee. My online filing service provider’s fee is $20 per return so the tax filer must cover this cost. My offer is usually made to a small number of middle income neighbors as a way to promote my […]