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Nine Changes to Watch in ACA Open Enrollment 2023

WEBThis year’s open enrollment season will last from November 1, 2022, to January 15, 2023, in most states, longer in some state-based marketplaces.

Actived: 5 days ago

URL: https://www.brinkersimpson.com/blog/nine-changes-to-watch-in-aca-open-enrollment-2023

Inflation Enhances the 2023 Amounts for Health Savings Accounts

WEBThe IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next …

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The IRS Clarifies What Counts as Qualified Medical Expenses

WEBThe IRS recently released guidance providing the 2024 inflation-adjusted amounts for Health Savings Accounts (HSAs). HSA fundamentals. An HSA is a trust …

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Disabled Family Members May Be Able to Benefit from ABLE …

WEBIf you have family members with disabilities, there may be a tax-advantaged way to save for their needs — without having them lose eligibility for the government …

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Federal Tax Credits and Deductions for Family Caregivers

WEBThe maximum credit is 35% of expenses up to $3,000 per year for one dependent, or $6,000 if you paid expenses for more than one dependent. Medical …

Category:  Medical Go Health

Reporting Requirement for Shareholder Health Insurance

WEBIt is for reporting purposes only. The amount of the health insurance premiums should be added to Box 1 and Box 14 on the Form W-2. If the Company pays your disability …

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HHS Announces Availability of $25.5 Billion in COVID Provider …

WEBThe U.S. Department of Health and Human Services (HHS) is making $25.5 billion in new funding available for health care providers affected by the pandemic.

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The Anatomy of a Client Accounting Services (CAS) Team

WEBClient Accounting Services (CAS), sometimes referred to as Client Accounting Advisory Services (CAAS), is a specialized field within the accounting …

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Financial Statements at a Glance

WEBFinancial statements tell investors information about an organization’s financial performance, helping to ensure corporate transparency and accountability.

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Cash Reserve Policies and Considerations for Cash Management

WEBWhen establishing or updating a cash reserve policy, the board should consider the organization’s risks, variability of cash flows, and critical expenditures. This information …

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11 Exceptions to the 10% Penalty Tax on Early IRA Withdrawals

WEBUnless one of these 11 exceptions applies, there will be a 10% early withdrawal penalty tax on the taxable portion of a traditional IRA withdrawal taken before …

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Paycheck Protection Program

WEBAs mentioned in our previous email and blog post, on Friday President Trump signed a $2 trillion stimulus package. In a move designed to keep small businesses afloat, the …

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Cash Flow Management: 3 Tips from an Accounting Firm

WEBCash is essential to the health of your business. It's the accelerator that enables growth and ensures the business's very survival. To help business owners …

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Have You Had Your Fraud Checkup

WEBAccording to the Association of Certified Fraud Examiners, annual financial statement audits detect just 4% of all frauds. This does not mean that your annual audit is not worthwhile. …

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Inflation Reduction Act Expands Valuable R&D Payroll Tax Credit

WEBWhen President Joe Biden signed the Inflation Reduction Act into law in August, most headlines covered the law’s climate change and health care provisions.

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Tom McGarrigle, Jr.

WEBI have been a client of Tom McGarrigle and Brinker Simpson since 2010. Tom has handled my personal taxes since 2010 and business taxes since 2017/2018. The service I've …

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Plan Now for Year-end Gifts with the Gift Tax Annual Exclusion

WEBMaking tax-free gifts before 2026 can cut the size of your taxable estate and may be one way to address this potential threat.

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