ACA Made Easy: Individual Shared Responsibility
Affordable Care Act / Healthcare / Social Insurance Programs

ACA Made Easy: Individual Shared Responsibility

Since the Individual Mandate statute of the Affordable Care Act was enacted in January 2014, every American is accountable for an Individual Shared Responsibility* payment every year. Meaning, if you do not have health insurance, you will face penalties. While you may not see an actual summons, or pay a fine, the federal government enforces … Continue reading

U.S. Businesses Dodging Taxes?  IRS Pulls Reins Tighter
Economy / Regulation / Tax / Taxes

U.S. Businesses Dodging Taxes? IRS Pulls Reins Tighter

The Internal Revenue Service (IRS) and the U.S. Department of Treasury issued a Notice (Notice 2014-52) last Monday that would further their efforts to prevent U.S. companies from using an increasingly prevalent tactic known as inversion to lower their tax bill. Conventionally, an inversion is a negotiation in which a U.S. multinational company restructures with a foreign … Continue reading

The Dark Cloud Over the Medical Device Tax
Healthcare / Politics

The Dark Cloud Over the Medical Device Tax

The medical device industry currently consists of 8,000+ manufacturers and employs over 400,000 Americans. Over the last seven months, the industry has been subjected to a 2.3% excise tax on all medical device sales – not only profits. The tax has been a primary funding mechanism for the health care overhaul so far. The medical device industry … Continue reading