Health care

AccountingWEB Life

Does the health care bill impose a tax on the sale of your home?

We have received many inquiries from clients and friends of the firm regarding the veracity of claims that the new health care legislation will impose a 3.8 percent Medicare tax on sales of personal residences beginning in 2013.
A&A

CPE Link helping CPAs understand Health Care Act

The Patient Protection and Affordable Care Act will implement fundamental health care reforms and require most of the 32 million uninsured individuals to obtain health care coverage or pay penalties. The act contains more than $400 billion in revenue raisers and new taxes on employers and individuals.
A&A

What to tell your clients as health care reform takes effect

Love it or hate it, your business clients have known for six months that the first bells of the Patient Protection and Affordable Care Act (PPACA) soon would begin to toll.
A&A

IRS form helps small businesses claim new health care tax credit

The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year.
Practice

Employers shift health care costs to employees

Workers on average are paying nearly $4,000 this year toward the cost of family health coverage - an increase of 14 percent, or $482, above what they paid last year, according to a new survey by the Kaiser Family Foundation.
A&A

IRS explains 2011 changes to flexible spending arrangements

The Internal Revenue Service has issued guidance reflecting statutory changes regarding the use of certain tax-favored arrangements, such as flexible spending arrangements (FSAs), to pay for over-the-counter medicines and drugs.
A&A

Use a steady hand as you manage health care reform

The passage of health care reform legislation this past March was the culmination of long, contentious public policy debates and political battles. But for companies affected by the measure and the accounting and tax professionals they rely upon for guidance, health care reform has just begun.
A&A

Survey: CFOs most concerned with rising health care costs

Financial executives have many issues on their minds, but topping the list are curbing rising health care costs and keeping other expenses in check, according to a recent survey from Robert Half Management Resources.
Tax

IRS gives details on small business health care tax credit

The Internal Revenue Service recently issued guidance intended to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive.
Technology

Intuit to acquire health care communications company

Intuit Inc. has signed a definitive agreement to acquire privately held Medfusion, a Cary, N.C.-based patient-to-provider communications company. The transaction is expected to close during the fourth quarter of Intuit's fiscal year 2010, which ends July 31.
A&A

Diagnose tax rules in new health care law

The new health care law finalized March 25 – the Patient Protection and Affordable Care Act – includes sweeping changes for both employers and individuals.
A&A

Costly changes to 1099 reporting in health care law

In 2012, under a little discussed mandate of the health care reform legislation, businesses will be required to report all payments in excess of $600 for services or merchandise to the Internal Revenue Service on a Form 1099.
A&A

CPAs at the forefront of Obama’s health care plan

President Obama recently signed the Patient Protection and Affordable Care Act of 2010 requiring virtually every American to purchase health insurance. Now an enforcer is needed.
Tax

IRS contacting small businesses about health care tax credit

The IRS is mailing postcards to more than 4 million small businesses and tax-exempt organizations to make them aware of the benefits of the new small business health care tax credit.
A&A

How the health care bill will impact individuals, businesses

The new health reform bill was signed by President Obama Tuesday. The Congressional Budget Office estimates the health care overhaul will cost $940 billion over 10 years, and will cover 32 million uninsured individuals.
Tax

COBRA premium subsidy temporarily extended again

On March 2, 2010, President Obama signed the Temporary Extension Act of 2010 (the “TEA”) extending the COBRA premium subsidy eligibility period for an additional month, through March 31, 2010.
A&A

Congress extends COBRA subsidy

The COBRA subsidy, which was initially a provision of the American Recovery and Reinvestment Act of 2009 (ARRA), was extended in the Department of Defense Appropriations bill, which was signed by President Obama on December 21.
Tax

Weigh tax-favored health plans for clients

As the debate over health care reform continues, there’s no reason why your clients can’t take matters into their own hands.
A&A

Brouhaha erupts over PwC private health insurance report

PwC has found itself at the center of a controversy over its estimates of cost increases in insurance premiums if heath care reform becomes law.
A&A

Overweight workers face bias in hiring

Bias toward overweight workers is especially strong in hiring, according to recent studies.

Pages

Voice of the Editor

What makes a company a great place to work? Experience, a ConnectEDU company, uses criteria that include benefits, career advancement opportunities, culture, and work/life balance to form its annual list of the Best Places to Work for Recent Grads. BDO USA and Ernst & Young both made the Top 25 list. Read what makes these firms stand out and find out what can be done at your firm to entice college grads.

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