Wednesday, October 22, 2014

AB Tax Accounting l Accounting & Bookkeeping

Saturday, October 18, 2014

AB Tax Accounting Empowers Affordable Affiliate Startups

FOR IMMEDIATE RELEASE

AB Tax Accounting Empowers Affordable Affiliate Startups

ST. PAUL, Minn. (October 18, 2014)

AB Tax Accounting, a professional tax accounting and business consulting firm, is offering an affiliate program designed to help interested persons get started in the field of tax preparation. With just a minimal cash outlay, all can take advantage of this unique and painless means of going into business for themselves. 

According to representatives of AB Tax Accounting, any new affiliate will find the opening of a tax accounting firm to be surprisingly affordable. "A minimum investment will get you started," they state, "with no revenue splits involved."

All affiliates of AB Tax Accounting will receive personal training and year-round support as well as the necessary tax preparation software, banking products and proven marketing plan to ensure an auspicious start. During the startup phase, the company will also serve as a back office, checking each affiliate-produced tax return for correctness and IRS compliance.

Representatives of AB Tax Accounting stress that tax preparation is not a seasonal proposition. Since all small businesses must file on a quarterly basis, a properly marketed tax accounting concern is sure to keep busy all year long. 

About AB Tax Accounting

Since 1989, AB Tax Accounting has operated as one of the leading firms of its kind in and around the St. Paul area. In addition to providing accounting, bookkeeping, tax, payroll and CFO services, it also specializes in tax problem resolution and U.S.-based outsourced solutions. 

Contact Information:

AB Tax Accounting
10670 Hawthorn Trail
St. Paul, MN. 55129
Phone: (651) 621-5777
Fax: (651) 621-5755
Email:
info@abataxaccounting.com

Thursday, October 16, 2014

Employers Responsibilities Under the Affordable Care Act

Virtual CFO Services - If you are an employer, the number of employees in your business will affect what you need to know about the Affordable Care Act (ACA).

Employers with 50 or more full-time and full-time-equivalent employees are generally considered to be “applicable large employers” (ALEs) under the employer shared responsibility provisions of the ACA.  Applicable large employers are subject to the employer shared responsibility provisions.  However, more than 95 percent of employers are not ALEs and are not subject to these provisions because they have fewer than 50 full-time and full-time-equivalent employees.

Whether an employer is an ALE is determined each calendar year based on employment and hours of service data from the prior calendar year.

In general, beginning January 1, 2015, ALEs with at least 100 full-time and full-time equivalent employees must offer affordable health coverage that provides minimum value to their full-time employees and their dependents or they may be subject to an employer shared responsibility payment.  This payment would apply only if at least one of its full-time employees receives a premium tax credit through enrollment in a state based Marketplace or a federally facilitated or Marketplace.  Also, starting in 2016 ALEs must report to the IRS information about the health care coverage, if any, they offered to their full-time employees for calendar year 2015, and must also furnish related statements to their full-time employees.

For 2014, the IRS will not assess employer shared responsibility payments and the information reporting related to the employer shared responsibility provisions is voluntary.  In addition, the employer shared responsibility provisions will be phased in for smaller ALEs from 2015 to 2016.  Specifically, ALEs that meet certain conditions regarding maintenance of workforce size and coverage in 2014 are not subject to the employer shared responsibility provision for 2015.  For these employers, no employer shared responsibility payment will apply for any calendar month during 2015 (including, for an employer with a non-calendar year plan, the months in 2016 that are part of the 2015 plan year). However these employers are required to meet the information reporting requirements for 2015. 

We're here to help! For no obligation free consultation contact us today!
(651) 621-5777, (952) 583-9108,  (612) 224-2476, (763) 269-5396