Health Market Delay for Small Businesses
Posted on: December 2, 2013
Health Market Delay for Small Businesses – The day before Thanksgiving the United States Department of Health and Human Services announced another delay in the use of government websites to enroll in health insurance plans under the new Patient Protection and Affordable Care Act. According to the announcement, small businesses will not be able to use the government sites to enroll in health insurance plans until November 2014. This was the second such delay for small businesses. These exchanges were originally scheduled to be available for enrollment on October 31st and had already been delayed once to a new deadline … Click to Read More
IRS Sends Refunds to Identity Thieves
Posted on: November 19, 2013
Did the IRS send mistakenly Send Refunds to Identity Thieves? According to a recent Treasury report, the Internal Revenue Service distributed more than $4 billion in falsified refunds last year with some of the money going to addresses in foreign countries such as Ireland, Bulgaria and Lithuania. The IRS sent 343 refunds to a single address in Shanghai and a total of 655 tax refunds to a lone address in Lithuania. In the United States, the cities of Miami, Atlanta, Detroit, Chicago and Houston were the locations receiving the most fraudulent refunds, with Miami topping the list. J. Russell George, the … Click to Read More
Some Small Businesses May Owe Back Taxes In California
Posted on: November 7, 2013
A court ruling from December of 2012 could result in many small business investors in California owing large sums of money in back taxes from a practice now deemed unconstitutional. Five years ago many small business investors in California were promised a tax break. The investors were told that if they invested in specific types of businesses, they would receive a large tax deduction. Now these same investors are being told that they could receive tax bills that for up to $250,000 for deductions that were granted under tax laws that were on the books at the time the investments … Click to Read More
Small Businesses Suffer From Recent Shutdown
Posted on: October 22, 2013
Small businesses suffer from recent shutdown. Although government employees suffered the most from the recent government shutdown, many small business owners also suffered a hard hit. Any small business that interfaced with in any way with government agencies or government services probably experience some adverse economic effects. These included loss of revenue and lost opportunities, some of which can never be regained. Here are some specific examples of small business that were impacted by the recent shutdown: Lakeside Group Associates is an executive search firm in Cleveland, Ohio that recruits employees for government aerospace and defense contractors. When the government … Click to Read More
Obamacare Delays for Small Businesses
Posted on: October 7, 2013
Small business owners are the latest victims of recent changes to the time constraints and provisions of Obamacare. Although others have certainly encountered problems with the implementation of this new healthcare directive, it seems that small businesses have recently been dealt more than their fair share of stumbling blocks. Obamacare delays for small businesses: According to a recent directive from the U.S Health and Human Services Department, small businesses will currently have to sign up for Obamacare via snail mail or fax. Although they had been reassured otherwise, they have been told that they will not be given the capability … Click to Read More