What Are You Going To Do When Trump Gets Into the White House?

trump

I have been asked by many of my clients and friends as to how we as a business community are going to survive the next president and his agenda. My normal response has been “What Agenda.” As the election wound down and Trump won we need to examine what this should mean to all of us and how we should prepare for this transition of power. It is being assumed that we will have a replacement for the … [Read more...]

Special Year End Business Considerations for 2015

2015

This end of year consideration blog is very different from past years.  Business owners are now on the hook for reporting more than ever and employers and employees alike have many more considerations than last year. Mandatory Affordable Care Act reporting starts next month.  Do not do this alone!!!  Usually the folks from accounting or tax area of the employer, HR, and someone from payroll do … [Read more...]

Scam Artists and Con Men

scamalert

"Evil is everywhere.  Evil people rely on the inherent goodness of mankind to ply their trade."  -Tom Lunney  I have been asked by a number of the business owners I work with about different scams with which they are being bombarded.  Money is getting tight, so the con artists and scammers are getting more creative.  Let me take you on a journey I hope you are not familiar with in any way, shape, … [Read more...]

Tax Deductions for Small Business

taxes-comic

The following is not tax advice – it's just common sense and basic rules of thumb. It is that time of year again where everyone is all worried about paying their taxes, but not paying too much in taxes. As usual, we as business owners should have been keeping our chart of accounts and financials current throughout the year. I recommend you reconcile your accounts monthly so that there are no … [Read more...]

My Health Insurance Was Cancelled. Why?

Situation: A wave of canceled policies - primarily for people in the individual insurance market exchanges and whose plans are now considered sub-optimal under the new health care law's coverage standards - have prompted public outrage over the Affordable Care Act (ObamaCare) and toward the president who many believe broke promises to Americans that they would be able to keep their plans if they … [Read more...]

Navigating the ACA Website

          Situation: It is now common knowledge that the website for the new Affordable Care Act or ACA (also known as "Obamacare") has had its share of problems and difficulties since launching on October 1, 2014. How are our citizens that are directly affected by these difficulties supposed to cope with this new health insurance requirement? Analysis: The … [Read more...]

Independent Contractors versus Employees

States, the IRS and the DOL are focused on the classification of workers.   With permission from Jeff Matthews, CPA, CGMA         Thirty states have worker classification rules and they believe they are missing out on state income tax revenue and workers compensation fees.  They also believe that workers are being left uncovered for unemployment purposes.  These efforts … [Read more...]

Ohio Veterans Bonus

Veterans - apply now for bonus!   Directly from the the US Department for Armed Services is this memo below regarding bonuses available to veterans. Even if a vet has previously applied for this bonus, they must do so again in order to receive it!   Military service members from Ohio who fit the established service criteria may begin applying for an Ohio Veterans Bonus, … [Read more...]

Thinking About Business Certifications?

          I Got The Contract!!! Situation: When we begin working with any business ASBC always looks at the type of customer that would be most beneficial to the business. We diagnose if the business could benefit from any type of certifications, locations, or registrations. Sometimes all three align themselves in one business and we highly encourage the business … [Read more...]

Employers: Oct 1, 2013 Requirements under the ACA

Situation: The Affordable Care Act still requires all business owners to inform their employees about the creation of the Health Care Exchange system before October 1, 2013. This requirement is mandatory for employers whether they offer health care insurance or not. It also does not matter if you have 1099 or W-2 employees. This is also mandatory for all employers regardless of … [Read more...]