Last week, we walked you through the Affordable Healthcare Act requirements for individuals to report their healthcare on their tax returns. This week, we look at the ACA tax requirements for employers.Applicable large employers If your company has 50 or more...
Month: November 2017
How to report healthcare coverage in 2017—tips for individuals
The Affordable Care Act has been a hot topic in Washington this year. We’ve followed months of debates and negotiations over whether to repeal and replace it. We’ve seen heated protests and town hall meetings across the country both for and against the...
Georgia tax on adult clubs now under fire
Have you ever heard someone say you can't legislate morality?Try to determine who first said that and you might find yourself running in circles. An internet search isn't particularly fruitful. Former pro wrestler and politician Jesse Ventura is credited with having...
The art of the deal when the IRS is on the other side
The current president of the United States has a major reputation for the way he practices the art of the deal. He even has a book by that title. In it, Donald Trump offers a list of tactics that he says have stood him in good stead at various bargaining tables. These...
What is the likelihood of an IRS audit?
When tax season comes around, both individuals and businesses worry about the possibility of an audit from the Internal Revenue Service. Even if you think you did everything correctly, everyone makes mistakes, which can result in harsh penalties. However, audits...
Avoiding IRS hot water over health care coverage
Many likely would agree that when it comes to paying for health care in America, including Georgia, confusion reigns. This has long been the case, but it seems compounded this year because of the status of the Affordable Care Act, also known as Obamacare.Whether or...
As much as any business, a nonprofit can suffer an IRS audit
There's big money in nonprofits. That might seem hard to believe when applied to this sector of the U.S. economy. After all, when Georgia readers think of nonprofits – also known as charities – they likely call to mind their local place of worship, the...
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