Archive for the ‘Uncategorized’ Category

New Filing Requirement for Business Owners with Self-Insured Health Plans (such as HSA’s and FSA’s)

Posted on: July 21st, 2014 by admin No Comments

Hidden within the Affordable Care Act of 2010 is a new tax that many businesses are not aware of.  In 2013, many employers were subject to the new Patient-Centered Outcomes Research Trust Fund Fee for the first time.  Self-insured health plans, as well as issuers of some health insurance policies, are now required to report […]

COST/PRICE MODEL: USE YOUR INCOME STATEMENT TO CHECK YOUR PRICES

Posted on: May 10th, 2014 by admin No Comments

Successful businesses set prices and then deliver services or produce goods at costs that are lower than these prices. The difference between the cost and the price creates the profit that the business earns as goods and services are sold. To price correctly, most companies develop some type of Cost/Price Model to estimate their costs, and then they apply […]

GROSS PROFITS, OPERATING INCOME, NET INCOME AND EBITDA

Posted on: April 10th, 2014 by admin No Comments

—WHAT’S THE DIFFERENCE? Part Two— Company owners, managers, bankers, and investors often talk about profits or income when discussing the financial performance of a business, but each may focus on very different numbers. As a continuation of last month’s article, we will now look at two other earnings ratios: net profits and margins and EBITDA.

ARE YOU PREPARED? NEW IRS REPAIR VS. CAPITALIZATION REGULATIONS

Posted on: February 10th, 2014 by admin No Comments

The IRS released final regulations dealing with when taxpayers are required to capitalize and when they can deduct expenses for acquiring, maintaining, repairing and replacing tangible property. All businesses that own fixed assets will be affected in some manner and are required to comply with these new regulations as of January 1, 2014. There are four basic areas which are […]

Treasury postpones employer health care penalty, information reporting for one year

Posted on: July 3rd, 2013 by admin No Comments

Treasury postpones employer health care penalty, information reporting for one year … as reported by the Journal of Accountancy  BY ALISTAIR M. NEVIUS, J.D. JULY 2, 2013 Large employers that fail to provide minimum health coverage for employees will not be subject to the shared-responsibility penalty until 2015 after Treasury announced on Tuesday that it would […]