New Tax Penalty Starts Today on Small Business Health Insurance
(Accounting Today) Small business groups are sounding a warning about an obscure Internal Revenue Service rule that takes effect Wednesday imposing heavy fines on small businesses for helping defray the cost of their workers’ insurance or medical expenses.
Managing risk with captive insurance companies
(Tax Adviser) Captive insurance arrangements that meet the stringent requirements to qualify as actual insurance companies can offer large tax benefits, but the Internal Revenue Service continues to scrutinize this area. Here are opportunities and pitfalls companies should be aware of.
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