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Since 1960, Retail Accounting has been providing financial tools to retail store owners to manage their business. We’ve developed a committed team having expertise in your industry. With our broad array of services, you can rely on us to have a customized solution for your business and a personalized approach to working with you.
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AFFORDABLE CARE ACT
IMPORTANT: The filing of IRS Forms 1094-C and 1095-C is mandatory in 2016 for calendar year 2015. Employers with 50 or more full-time employees including full-time equivalent employees are required to complete these forms about offers of and enrollment in health coverage. Please feel free to contact us as we have identified two companies that can provide assistance in preparing these forms. Access the following websites for more information.
Since the Affordable Care Act (ACA) has been in the news lately, we thought this would be a good time to remind you of the various aspects of this important legislation.
The scope of this law is so broad, we’d like to encourage you to take time to learn more about it via free online resources at the U.S. Small Business Administration (SBA) website:
Here you’ll find many excellent resources to help you better understand “Obamacare” and the ways it can affect you and your business.
A Free 60-Minute Webinar
“Affordable Care Act 101 for Small Business”. This is a clear and concise presentation on the basics of the Affordable Care Act and what it means for both you and your employees. Please visit the website for times and registration details.
Well Written Articles
The provisions of ACA for small businesses can vary greatly and generally speaking are based on the number of employees you have. Therefore, the SBA website has free articles written for the following types of businesses:
Employers with Fewer Than 25 Employees
Employers with Up to 50 Employees
Employers with 50 or More Employees
It is critical that you become familiar with the provisions of the Affordable Care Act. So be sure to visit the SBA website at www.sba.gov/healthcare.
The Affordable Care Act is here to stay. If you need assistance deciding the right course of action for your store employees and insurance needs, Retail Accounting can put you in contact with our preferred partner who will provide solutions tailored to your business.
White House Delays Major Health Care Reform Mandate
The Obama Administration has announced that it would delay enforcement of the employer mandate under the Affordable Care Act (ACA) until 2015. The employer mandate requires employers with 50 or more full-time employees to offer health insurance to their employees or pay a penalty of $2,000 per worker.
A link to the official announcement by the U.S. Department of the Treasury is here.
Income Tax Planning
Tax incentives available in 2015 can provide significant savings and contribute to financing capital improvements, even to the point of making a wished for project possible. Other incentives can reduce your overall tax burden. Some major programs are summarized below. Contact us to explore how to take advantage of these.
Click here to review what could be changing.
Job Tax Credits
The Job Tax Credits Program, offered through SUPERVALU’s Retail Accounting, has saved hundreds of clients across the United States thousands in tax dollars. It can work for you, too.
Click here to learn more.