Third Quarter Newsletter

Although traditional 401(k) plans have become widespread, many employers are adding Roth 401(k)s to their employee benefits.

Employers with Self-Insured Health Plans Take Note

The deadline is fast approaching for the payment of plan fees to fund patient-centered outcomes research that were created under the Patient Protection and Affordable Health Care Act (ACA). Issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans are required to pay the fee by July 31.

Bennett Thrasher’s Women’s Leadership Initiative: Perspectives

Perspectives is a Bennett Thrasher women’s leadership initiative launched in early 2012; the program focuses on developing leadership and growth opportunities for women, promoting camaraderie and unity among the women of the Firm, sharing of thoughts and ideas and learning from one another.

Recently Released OIG Semiannual Report to Congress

The Department of Health and Human Services (HHS) Office of Inspector General (OIG) recently released its Semiannual Report to Congress for the six month period ended March 31, 2013. The OIG’s core mission is the protection of HHS programs and their beneficiaries, which include the Medicare and Medicaid programs.

Bennett Thrasher’s Intro to Captive Insurance Companies

Over the past decade captive insurance companies have gained significant exposure both domestically and abroad, but lately it seems that everyone is talking about captives. It is likely that you have heard your colleagues or business associates discussing the pros and cons of forming a captive.

Bennett Thrasher Partner Peter Stathopoulos Offers Insight Into Challenges of Internet Tax Law on Small Businesses

On July 12, 2013, turned to Bennett Thrasher Partner Peter Stathopoulos for insight into what the Marketplace Fairness Act means for small businesses in the article, “Internet Tax Law Could Create Challenges for Small Businesses.” The bill would give states the authority to require out-of-state retailers to collect and remit sales taxes to a customer’s local and state government.

The New Net Investment Income Tax on Estates and Trusts

The Net Investment Income Tax (NIIT) is an additional 3.8% Medicare tax, introduced by the addition of §1411 of the Internal Revenue Code by the Health Care and Education Reconciliation Act of 2010. The tax is in effect for tax years beginning after December 31, 2012. The regulations for §1411 are yet to be finalized, but the proposed regulations are suitable for taxpayers and preparers to rely on in the interim.

Bennett Thrasher Shareholder Emerita Lyn Reagan Takes 1st Place in her Division in the Allatoona Triathlon

Bennett Thrasher is proud to announce that our Shareholder Emerita, Lyn Reagan, took first place in her division in the PT Solutions Allatoona Triathlon on Sunday, June 23, 2013. The race was held at Dallas Landing in Acworth, Georgia. Participants swam 500 meters through Lake Acworth, biked for 18 miles around a hilly, scenic loop, and raced through a 5k run to the finish line in Historic Downtown Acworth.

The Affordable Care Act … How Many Different Ways To Count To 50?

The purpose of the Patient Protection & Affordable Care Act (PPACA) is to ensure that all Americans have access to quality, affordable health insurance coverage. The legislation does not mandate employers to offer health insurance coverage to its employees. However, it does impose penalties on “applicable large employers” if one of their full-time employees obtains a premium tax credit through the health insurance exchange.

Jerry Weil Authors Article for TechJournal on Tax Issues for Tech Startups

Bennett Thrasher Shareholder Jerry Weil authored the article, “10 Tax Issues for Tech Startups to Consider Now,” which was published by TechJournal. While the technology sector has been the source of some of the most successful startup companies over the past two decades and one of the greatest contributors to new businesses worldwide, there are some considerations entrepreneurs need to take into account before starting a technology company.

Market Participant Acquisition Premiums

As investors increase their demands for financial statements that are more reliable, more relevant, and less an accounting of history (no pun intended), the two primary global bodies charged with establishing standards of financial accounting that govern the preparation of financial reports – Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) – have sought to meet those needs through promulgation of a consistent set of standards.

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