If you run a medium to large sized business there is a good chance you have an employee workforce which operates out of multiple states. In this case it can be challenging to provide them with medical insurance. Healthcare insurance solutions will often have requirements which are state specific, making it tough for employees that operate across state lines. The good news is that there are some options available.
While many companies focus on retaining their workers through salary increases, one way to recruit new workers cost effectively is through tax credits. Many companies have learned the hard way that raising the salaries of their employees beyond a certain point will cause their overall costs will get out of control, emphasizing the need to use other methods to keep a low overhead.
Obamacare has been the subject of both scrutiny and controversy since it was first introduced, leading the government to come up with new proposals to shore up its shortcomings. One proposal has been the AHCA, or American Health Care Act. It has been presented as a law that replaces and repeals Obamacare, and below are the ways in which it will do so.
There are a number of steps you’ll need to take to establish a health reimbursement arrangement for your small business. Implementing an HRA for the first time can be overwhelming for some, but by following the steps below and using the right software, the process will be much smoother.
When employee benefits management is improperly implemented by third-party contractors, a company can incur substantial costs in regards to its efficiency and effectiveness when providing work benefits to employees. Even small businesses may experience delays when it comes to processing important forms and enrollments. Below are some tips that will allow benefits management for workers to be outsourced with ease:
Health Savings Accounts (HSA) are favored by people who want comprehensive health insurance that is individualized. Such programs also allow them to grow their savings tax free and can be rolled over from year to year. However, before contributing to a HSA, one must first be enrolled within a HDHP, or high deductible health plan. HDHPs have a deductible which is higher than standard insurance plans, so here is how to determine if you’re HSA-qualified.
Businesses must prepare themselves for the annual tax season, and this means being aware of the constant changes which are occurring regarding taxation. Keeping abreast of these developments will keep your taxes lower and less onerous. Always consult your Certified Public Accountant, if you have any concerns about your taxation matters.
A number of improvements have been made to both the workflow and efficiency of the employee online benefits management system. In the past such programs were extremely intensive, but modern platforms provide a number of key benefits. Here are some of the most important features to look for:
There are a number of changes which are expected when it comes to employee benefit trends in 2017. While this means new challenges for employers, it also provides significant opportunities to those that can recognize and take advantage of them. Here are some of the trends that are predicted to dominate 2017:
A number of changes can be expected for small business tax in 2017. They come courtesy of the Internal Revenue Service (IRS), which is known for making changes on an annual basis, so keeping up to date with them is important. Let’s find out more about the changes pertaining to 2017 small business tax matters.