What clients need to know about the health-care law

What clients need to know about the health-care law

While businesses received a reprieve from providing health insurance coverage for employees until 2015, the federal mandate for individuals is still scheduled to take effect in 2014. This core component of the health-care reform law is expected to extend health insurance to roughly 30 million uninsured individuals. With enrollment through established health-care exchanges set to

Employer health insurance mandate delayed

Employer health insurance mandate delayed

An important decision by the Obama administration may prompt questions from clients. Business owners last week received a one-year reprieve on a requirement by the federal health-care reform law for employers to provide health insurance for full-time employees. The Administration moved the effective date of this requirement to 2015 from 2014, in response to business

Captive insurance may help protect business assets

Captive insurance may help protect business assets

For business owners, asset protection may be the firewall that could protect the business and wealth they have created over years from unforeseen circumstances and loss. Small businesses, in particular, may lack sufficient insurance coverage to prevent a catastrophic judgment in a lawsuit. Medical professionals may be at risk of a devastating malpractice claim. Medical

LLCs can offer unique protection from creditors

LLCs can offer unique protection from creditors

Any business owner who may be at risk of litigation by customers or employees should consider protection from claims against business assets. There are a variety of corporate structures available for business owners to use that may make it difficult or expensive for someone to make such a claim. Both corporations (C Corp and S

Retirement accounts can protect savings from potential creditors

Retirement accounts can protect savings from potential creditors

Retirement accounts not only help investors save in a tax-advantaged manner, they also can provide important asset protection benefits as well. Retirement accounts generally fall into two categories — those considered “qualified” under the Employee Retirement Income Security Act of 1974 (ERISA) and those that are not, including IRAs. ERISA plans are given full protection