Posts Tagged "health care reform"

Affordable Care Act

Posted by on Apr 1, 2015 in Health Care Reform | 0 comments

Affordable Care Act

Obamacare: the tax impact of the Affordable Care Act explained You’ve no doubt heard of ‘Obamacare’, the neat buzzword for the Affordable Care Act. But what is it? And how is it likely to affect your tax return? Congress passed the Affordable Care act back in 2010 and, at the time, the potential impact seemed a long way off. But the 2015 tax filing season is now upon us and it’s clear that there are some very direct effects. And they’ll impact on every American – including you. Getting qualified health insurance To begin with, you’re now required to obtain health insurance for the entire year. And not just for yourself, but also for anyone who’s listed as...

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Health care reform and how it affects family businesses

Posted by on Nov 27, 2013 in Family Business, Health Care Reform, Tax Planning | 0 comments

With only months to go before the major impact of the Affordable Care Act is felt, many family businesses are yet to come to terms with the implications of the new health care issues that are addressed. While the aim of the health care reform act is to make health insurance more affordable by reducing the cost of health care, there are many concerns that the impact on businesses could be catastrophic. However, many of these fears have been overstated, and it is important to avoid panic and knee jerk responses that could have an adverse effect on the long term prospects of your business. Here we will summarize the main implications of the act and how the various...

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