BKHM Blog

MEDICAL LOSS RATIO FAQs - REBATES AND TAXES

Posted by Sheridan Smith on Thu, Jul 26, 2012 @ 11:18 AM

On December 7, 2011, the Department of Health and Human Services issued final rules on the calculation and payment of medical loss ratio (MLR) rebates to health insurance policyholders.  Rebates are scheduled to begin during 2012.  The link below has some frequently asked questions and answers on the federal tax consequences to a health insurance issuer that pays a MLR rebate and an individual policyholder that receives the MLR rebate.  Information is also provided on the federal tax consequences to employees when a MLR rebate stems from a group health insurance policy. Click here to read the full Q&A document.

Your BKHM tax professional is available to answer any questions related to this topic.  Contact us at 407-998-9000 or info@bkhmcpa.com.

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Topics: IRS, Health Care Reform, Rebates, BKHM

IRS REVISES PAYROLL FORM FOR PAYROLL TAX CUT EXTENSION

Posted by Sheridan Smith on Fri, Feb 24, 2012 @ 09:18 AM

The Internal Revenue Service released a revised Form 941 on Thursday to allow employers to properly report the newly extended payroll tax cut, which has now been extended through the end of the year.

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Topics: payroll tax, tax cut, BKHM

401k PLANS STEP INTO THE SUNSHINE

Posted by Sheridan Smith on Tue, Feb 07, 2012 @ 12:55 PM

The rules governing America's most popular retirement vehicle are about to change, and that could mean huge savings for millions of workers building nest eggs for the future.

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Topics: small business, 401k, BKHM

Tax Law Changes Impacting 2012

Posted by Sheridan Smith on Tue, Jan 24, 2012 @ 02:29 PM

Below is a link to a summary of the tax changes impacting 2012 by CCH.  Please review the document and contact BKHM if you have any questions regarding these tax changes.  We provide a full range of tax compliance and consulting services.  Please click here for the CCH Tax Briefing.

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Topics: Tax Compliance, Tax Law, BKHM

Tax Changes Affect 2011 Returns - Journal of Accountancy

Posted by Sheridan Smith on Wed, Jan 04, 2012 @ 11:38 AM

Various tax law changes, including 2010's Tax Relief Act and health care legislation, will affect 2011 tax returns. Get ready for tax season with this update for tax practitioners, including a quick guide to 2011 rates and amounts. Journal of Accountancy (1/2012)

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Topics: Tax Returns, Tax Relief Act, BKHM

Using Social Media To Ramp Up For Small Business Saturday

Posted by Sheridan Smith on Fri, Nov 18, 2011 @ 03:38 PM
Big retailers have traditionally been the businesses to see the biggest boost on Black Friday, and Cyber Monday helps online merchants. If you're a small-business owner, you now have a day when consumers are thinking about you - Nov. 26 is Small Business Saturday - and smart use of social media can help you make the most of it.

Read more: http://www.wesh.com/employment/29679832/detail.html#ixzz1e5j3giLR
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Topics: small business, social media, BKHM

BKHM Promotions

Posted by Sheridan Smith on Tue, Aug 02, 2011 @ 12:06 PM

We are very proud to announce that Nancy DiSalvo and Neal Renuart have been promoted to partner at BKHM.  In addition, Tarsha Jacobs has been promoted to senior audit manager. 

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Topics: promotions, renuart, disalvo, jacobs, BKHM