Posts from 2015

  • IRS Raises Safe Harbor Threshold Levels Due in part to Padgett advocacy in Washington, the IRS raised the safe harbor threshold for deducting certain capital items from $500 to $2,500. The change will help to simplify and reduce the burden of recordkeeping on small business owners. For more information, click on ... Continue Reading
  • Support Proposed Legislation to Remove $100/day Penalty *BREAKING NEWS* Let Your Voice Be Heard. We are happy to report that late last week, bipartisan legislation was proposed that would allow small employers to reimburse employees for health insurance without being subject to the $100 per day per employee penalty. The Small ... Continue Reading
  • Time Is Running out for $100/Day/Employee Penalty Relief! The market reform section of the Affordable Care Act (ACA) imposes a $100 penalty per day per employee on any employer, regardless of its size, that offers a group health plan that fails to comply with certain coverage requirements and restrictions. For example, a small ... Continue Reading