Tax reform legislation introduced a new tax deduction for small businesses that are structured as pass-through entities.
This year marks a pivotal time for the implementation of federal health-care reform as consumers face some key deadlines, including the requirement to obtain insurance coverage. With the fundamental changes in the nation’s health-care system as well as the steady stream of media coverage, it is likely that clients will have many questions about the
Beginning in 2014, businesses with more than 50 full-time employees will be required to provide health insurance coverage or face a penalty, as the federal health-care reform legislation continues to be implemented. Some businesses already offering health insurance may also face a penalty if the coverage does not meet certain thresholds outlined in the law.