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Thursday, April 28, 2011

Good News for Businesses, Obama signs Repeal of ACA 1099 Mandate

President Obama Signs Repeal of ACA 1099 Mandate

On April 14th, President Obama signed legislation approved by the U.S. Senate, repealing the Internal Revenue Service1099 tax reporting provision of the Affordable Care Act (ACA). The 1099 provision would have required businesses to file an extended 1099 form for payments made for goods and certain services.

Tuesday, April 19, 2011

Americans would be in trouble if they lost their paycheck.

70% of working Americans would be in trouble within 1 month if they lost their paycheck.

 
This from a study by the Life and Health Insurance Foundation for Education. There is a GREAT need for disability income protection - make you are not left out without income.

Find out more on how to protect your paycheck?

Wednesday, April 06, 2011

Many Small Business Owners Would Use Health Care Exchanges

Fifty-five percent of small business owners surveyed by Pacific Community Ventures said they would be likely to participate in the healthcare exchanges set up by the state. When given basic information about the exchanges, 55% said they would be likely to participate and 32% of those not offering coverage said they would be more likely to offer it because of the exchanges.

Also, 43% of small businesses that don’t offer insurance said they would be more likely to do so after learning about small business healthcare tax credits, according to the survey of 804 California small employers with fewer than 20 workers. However, 48% of small employers in the state are unaware of provisions in the law that will benefit small businesses.

Fifty-seven percent of small businesses don’t know about the small business tax credits they can claim this year to offset healthcare costs and 62% don’t know about health insurance exchanges.
• The survey also includes the following findings:
• 52% of small businesses that offer insurance said they would be more likely to continue providing it because of the small business healthcare tax credits
• 35% of small businesses that offer insurance said the exchange makes them more likely to continue providing coverage
• 30% said the exchange is more attractive if employee choice is included
• 45% identified as Republicans, 26% as Democrats, and 21% as Independents.

For more information on the survey results, visit http://www.pacificcommunityventures.org/insight/businesses