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Employers' Responsibility Under the Affordable Healthcare Act (Obamacare)

As many of you are aware, the Affordable Healthcare Act (Obamacare) was passed, even though many of the specifics of the law continue to be debated in the House and Senate. Many of you may not be aware, however, of your specific requirements as an employer under this new law. This is the purpose of this blog post.

Filing or Paying Late?

Many of our clients have questions about filing their taxes late or making late payments on taxes owed.  The following article (from about.com) summarizes the possible penalties and interest that you can expect to pay (or not to pay).

 

$10 Million Tax-Free!

Do you want to pay $0 in taxes on a capital gain of up to $10 million?  Start a business!

Debt Cancellation...Income?

"I received a 1099-C.  What is this and do I really have to include this as income on my tax return?"

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Provo, UT 84601
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Telephone: 801.375.2969
Fax: 801.375.2954

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