December 8, 2013
Detroit Bankruptcy Ruling Could Affect Pensions Across Nation
For 34 years, Gwendolyn Beasley worked as a clerk at the Detroit Public Library and paid a portion of her salary into a fund that would someday help pay for her pension.
December 5, 2013
Report: IRS Needs to Strengthen Controls on ACA Health Care Tax Credits
The Internal Revenue Service (IRS) needs to strengthen systems development controls for the Premium Tax Credit (PTC) Project, the Treasury Inspector General for Tax Administration (TIGTA) concludes in a new report publicly released today.
December 2, 2013
Survey Shows Employer Views on Healthcare System
Deloitte has issued a report showing that employers view the health-care system as wasteful and expensive, and that their keys for improving the system are increased transparency around pricing and performance. The report also reveals that, three years into the implementation of the Affordable Care Act (ACA), many companies do not fully understand the law's…
November 30, 2013
Tips on Who Qualifies for Health Tax Credits
Health reform expanded Medicaid to those earning less than 138 percent of poverty level. To speed up the application process, Medicaid no longer asks for savings account statements and insurance policy values to determine eligibility.
November 29, 2013
Small Business Website for Health Law Delayed One Year
The Obama administration announced Wednesday a one-year delay in allowing small business owners to use the federal government's flawed online insurance marketplace to buy health coverage for their employees and themselves under the Affordable Care Act.
November 27, 2013
Virginia Medicaid Debate Uncertain
Both sides still are coming to terms with the potential outcomes of the decision on whether to expand the state and federally funded program providing health care for people with low incomes. It could be years before the issue is resolved, said Del. R. Steven Landes, R-Weyers Cave, the vice chairman of a state panel…
November 22, 2013
Defining “Modified Adjusted Gross Income” for Health Tax Credits
Anyone trying to estimate their 2014 income to know whether they qualify for tax credits from a new health insurance exchange likely ran into this question:
November 11, 2013
Tool Helps Test Effects of Healthcare Law on Businesses
Thomson Reuters Releases ACA Decision Support Tool for Tax and Employee Benefits Professionals
November 8, 2013
How an Accounting Firm Can Offer Full Financial Planning
Financial trends and strategies beyond the tax advice basics.
October 30, 2013
Thomson Reuters Offers Updated Report on Tax Changes in U.S. Healthcare Reform
Thomson Reuters Checkpoint has released an updated special report, Tax Changes in Health Care Reform Legislation, which is designed to help tax practitioners understand the tax provisions of health care reform that take effect now through 2018.
October 28, 2013
Nurses Aides Guilty of Stealing Health Records, Filing Fake Tax Returns
Two former Sentara Healthcare employees pleaded guilty this month to accessing patients' electronic health records inappropriately in a scheme to file fraudulent tax returns.
October 24, 2013
Insurance Company CEO Upbeat on Healtchare Exchanges
Insurance giant WellPoint Inc., a key player in the rollout of the Affordable Care Act, said it remains optimistic about the healthcare expansion despite the rocky start of a federal insurance exchange.