Advanced Premium Tax Credits

Many people are unaware that there are potentially beneficial tax credits available in relation to the Affordable Care Act. With proper tax planning, you may be able to save thousands of dollars by taking advantage of the Advanced Premium Tax Credits (APTC). Learn more about these credits and the importance of tax planning in our recent article.

Affordable Care Act: Small Business Considerations

By now, most businesses have been affected in some way by the ACA. However, it is not always clear to small business owners what they need to do to stay ahead of this legislation and all its changes. There are many ACA rules that are making a large impact on small businesses. Shannon Breuer, Partner and Health Care Reform professional at Eide Bailly, discusses these impacts in an article on our Possibilities blog. Read the article here to learn more.

Upcoming Webinars: ACA Update and Compliance Considerations

The Affordable Care Act has created complexity and an administrative burden for many businesses. The deadline for 2016 form completion is January 31, 2017. Are you prepared to comply?

Please join us for an informational/educational webinar for updated information related to the ACA, and to learn how Eide Bailly can help. The cost is $50 per registrant, and there are four opportunities to attend:

October 24 | 3-4 p.m.

October 25 | 11 a.m.-Noon

October 26 | 2-3 p.m.

October 27 | 3-4 p.m. 

In this webinar, we will…

  • Review the Affordable Care Act and current updates
  • Discuss the importance of identifying and documenting measurement periods
  • Understand current reporting requirements including IRC Section 6055 and 6056
  • Review necessary information and form deadlines

Updated Health Care Reform Q & A

The many due dates and changes regarding the Affordable Care Act can be tricky to track. The ACA specialists at Eide Bailly aim to make it easier for our clients to understand the ins and outs of Health Care Reform. We recently updated our Q&A section to include pertinent questions on many aspects of Health Care Reform, including business transactions, look-back methods, COBRA plans, and more.

Proposed Colorado Cares to be Voted on in 2016

Even though the Affordable Care Act has been passed and upheld by the courts, certain taxpayers are suggesting more reforms to the health insurance system. In Colorado, there is currently a group proposing an alternative that would create an independent Colorado health care financing system. The drafters of the new health payment system intend for it to provide payment for health services for residents. The new health payment system would be funded by an additional 10% payroll tax on Colorado residents.  An opinion piece in the Denver Post outlines this plan.  The Colorado Cares website also has additional information about the initiative and the proposed bill.