Employer Penalties for Certain 2014 Health Premiums

A change in insurance tax law that occurred on January 1, 2014 may make your business subject to many thousands of dollars in penalties. If your business utilizes an Employee Payment Plan, there are a couple different ways to deal with employee premiums and reimbursements. If your business is an S Corporation, Employee Payment Plans become extra tricky, as S Corp shareholders are often treated as partners. A Forbes article explains these complications in detail.

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