Affordable Care Act & Health Reimbursement Arrangements
from the SEIBERLICH ACCOUNTANCY CORPORATION
The IRS has issued guidance indicating that health reimbursement arrangements (HRAs) that do not comply with the Affordable Care Act (ACA) are subject to severe penalties.
An HRA is an arrangement whereby the employer reimburses the employee for part or all of qualified medical care expenses and provides coverage up to a maximum dollar amount for the period covered.
Capitol Connection Q&A for Contractors - Week of March 16, 2015
By Shauna Krause, President, Capitol Services, Inc.
While most contractors have a grasp of the laws they work under, some of those rules really require an expert eye. Long-awaited in California, the availability of LLC licensing is not without some remaining rumors and confusion among contractors. Finally, we have to disappoint a NV contractor who thought he might avoid one CA exam…
State Fund Board of Directors Declare $37 Million Dividend
from Mike Burns, Group Insurance Manager, State Compensation Insurance Fund
State Fund’s Board of Directors has approved a $37 million dividend to qualifying policyholders for the 2014 policy year. The dividend represents approximately 2.6 percent of policyholders’ 2014 estimated annual premium.
In order to be eligible for the 2014 policy year dividend, policyholders must:
Confirm The Investment Before You Invest Your Time
from Joe Diliberto, Sandler Traing
Has this ever happened to you? During an initial discussion with a prospect, you make it a point to review your pricing information. You put everything right out on the table. The prospect tells you the price you mention "looks fine" (or is "OK," or "seems fair," or is "in the ballpark," or any similar piece of vagueness). The prospect then tells you to put together a couple of samples, designs, or prototypes.
Capitol Connection Q&A for Contractors - Week of March 9, 2015
By Shauna Krause, President, Capitol Services, Inc.
A family with a ‘number’ of questions helps contractors understand how to keep their business alive after an unexpected loss. We always learn something when assisting attorneys with contractor licensing law, and we get an update on the ‘ambassadors of the air’…
Capitol Connection Q&A for Contractors - Week of March 2, 2015
By Shauna Krause, President, Capitol Services, Inc.
While you can’t ‘clone’ yourself yet, it is possible for a Sole Owner to ‘multiply’ his contractor licensing opportunity. A short answer for a long question and good news from Arizona resolving an issue and updating our Q&A from a recent column…