Category Archives: Affordable Care Act

Is your HSA a retirement tool? The good, the bad, and the ugly

Health Savings Accounts (HSAs) are a great way to pay for medical expenses, and since unused funds roll over from year to year, the account can also provide a source of retirement funds in addition to other plans like 401(k)s … Continue reading

Posted in 401 k, Affordable Care Act, Business Owner, Employee Benefits, Estate, Financial Planning, health insurance, Investing, retirement, saving for retirement, tax planning, Uncategorized | Tagged , , | Leave a comment

A tax credit is available for adoption

If you are preparing to adopt a child, you know your life will change for the better. And, you may have also experienced the financial commitment adoption requires. However, take note, because as an adoptive parent, you may qualify for … Continue reading

Posted in Affordable Care Act, Amended Tax Return, charities, charity, Children, deductions, Filing Taxes, record keeping, Tax, tax advice, tax bill, Tax Return, taxes, Uncategorized | Tagged , , | Leave a comment

Single people need financial planning too

Whether you are a lifelong single person or you found yourself single through divorce or the death of your spouse, you have your own financial considerations and complications. Unfortunately, many single people overlook financial planning. Don’t make this costly mistake. … Continue reading

Posted in Affordable Care Act, Business Owner, Children, Employee Benefits, employees, Estate, Financial Planning, Investing, investment, IRA, retirement, save on taxes, saving for retirement, stock, Tax, tax advice, Uncategorized | Tagged , , , | Leave a comment

2018 HSA limits announced

The IRS recently announced the 2018 inflation-adjusted limits for health savings accounts. For 2018, taxpayers can contribute up to $3,450 (up from $3,400 in 2017) for single coverage, or up to $6,900 (up from $6,750 in 2017) for family coverage. … Continue reading

Posted in Affordable Care Act, Amended Tax Return, Employee Benefits, Filing Taxes, Financial Planning, health insurance, Human Resources, Investing, saving for retirement, saving money, Tax, tax advice, Tax Return, taxes, Uncategorized | Tagged , | Leave a comment

Are you prepared for this year’s ACA reporting?

A recent survey by a professional services firm indicates that 49% of employers plan to use the same approach to filing Affordable Care Act (ACA) forms as they used last year. If you’re required to file health care information returns … Continue reading

Posted in Affordable Care Act, Business, business help, Business Owner, health insurance, record keeping, Uncategorized | Tagged , , , , , , , | Leave a comment

Beware of this fake tax bill scam

The IRS has again issued a scam warning. The newest scam involves receiving via email a fake version of an IRS bill related to the Affordable Care Act. The bill requests payment by check or by clicking a link in … Continue reading

Posted in Affordable Care Act, Filing Taxes, Tax, tax advice, tax bill, Tax Fraud, Tax Return, taxes, Uncategorized | Tagged , , , , | Leave a comment

Get automated help to understand Affordable Care Act penalties

The Taxpayer Advocate Service website has an automated tool to help you understand how the employer penalties put in place by the Affordable Care Act (ACA) apply to your business. The “estimator” will help you determine how many full-time employees … Continue reading

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