Blog

In Rev. Proc. 2025-19, the IRS released the inflation adjusted amounts for 2026 relevant to Health Savings Accounts (HSAs) and high deductible health plans (HDHPs). The table below summarizes those adjustments and other applicable limits.   2026 2025 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,400 Family: $8,750 Self-only: $4,300 Family: $8,550 Self-only: […]

The ACA Reporting Guide relates to the applicable tax year. It includes pertinent information on the final 2023 Forms 1094 and 1095 released by the IRS, which employers will file and furnish in 2025. Below you will find a link to the updated PDF version of the 2024 guide which includes advice for employers that receive penalty […]

The famous actor and author Will Rogers once said, “You never have a second chance to make a good first impression.” You may ask what that has to do with your year-end financial statement? More than you might think. Contractor’s who need surety bonds must provide their surety with a CPA prepared year-end financial statement. […]

With the 2024 reference year RxDC reporting deadline approaching in June, plan sponsors should re-familiarize themselves with the reporting requirements. The 2024 reference year RxDC Reporting Instructions have been released, though there were no changes to the reporting requirements or data elements from last year.  As a reminder, the Consolidated Appropriations Act, 2021 includes a […]

One of my preferred public equity investment strategies is Income Growth and Capital Appreciation, along with Wide Moat quality value growth compounders. This strategy focuses on investing in high-quality businesses and assets that consistently increase their earning power and dividend payouts over time. As these investments grow their intrinsic value, they also provide capital appreciation. […]

On Monday, December 23, 2024, President Biden signed into law two bills, H.R. 3797 (the “Paperwork Reduction Act”)  and H.R. 3801 (the “Employer Reporting Improvement Act”),which will positively impact applicable large employers (“ALEs”) and other entities required to furnish forms 1095-B or 1095-C to individuals.  Background Under the Affordable Care Act, ALEs (i.e., employers who […]