The health care reform legislation that was recently enacted includes new taxes, but there are also some tax breaks available to help small businesses pay for health insurance.  Two of the changes getting a lot of attention: a tax credit available to small businesses that offer health care coverage to employees, and a tax to penalize employers who do not offer coverage.

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Borgida & Company recently held a seminar at their Manchester office on Health Reform.  Presented by John Carew and Carrie Balicki of Ovation Benefits, the informative evening highlighted the small business tax credit, grandfathered plans, and timeline of changes.  Tom Scanlon, CPA  was happy to bring this timely information to clients and friends.  
 

Recent tax legislation has provided incentives for businesses to hire and retain employees.  The Hiring Incentives to Restore Jobs Act ("HIRE") is also being called the Jobs Bill. more…

Year-end tax planning could be especially productive this year because timely action can nail down a host of tax breaks that won't be around next year unless Congress acts to extend them. more…