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I wanted to issue a friendly reminder to all small business owners. The deadline for filing tax returns for a calendar year corporations and LLCs filing as associations is on March 16, 2015 /midnight – local time/. If you are not ready and cannot meet the deadline, please consider filing form 7004 to get an […]

According to recent article in Wall Street Journal the US government estimates that as many as six million households may have to pay a penalty for not having health-insurance coverage last year as required under the Affordable Care Act. The penalties can significantly vary and can range from a couple of hundred dollars to a […]

The Center for Agricultural Law and Taxation from Iowa State University has published a nice article outlining the impact of the Affordable Care Act /ACA/ on S Corporation shareholders with more than 2% ownership. It should be noted that certain healthcare arrangements can subject your company to potential fines of up to $100 per day […]