The ACA, IRS and the Paper Blizzard to Come

The ACA added two health coverage reporting requirements to the Internal Revenue Code. Both take effect for 2015, with the first reports due in early 2016: IRC § 6056 requires large employers (50 or more full-time employees including full-time equivalents) to file annual reports detailing the health coverage they offer to...

ACA Update – IRS Releases Draft Forms

On July 24, 2014, the IRS posted preliminary, unofficial drafts of forms that the ACA compels employers, plan administrators and employees to file, among other items, to certify coverages offered and provided to employees in 2015.  They are Form 1094-B (“Transmittal of Health Coverage Information Returns”), Form 1094-C (“Transmittal of Employer-Provided Health Insurance Offer and Coverage Information Returns”), Form...

New Employment Laws That Will Immediately Affect You

Signed by Gov. Brown on 6/28/14.  Here you go: http://www.leginfo.ca.gov/pub/13-14/bill/sen/sb_1351-1400/sb_1360_bill_20140620_enrolled.pdf http://www.leginfo.ca.gov/pub/13-14/bill/asm/ab_2751-2800/ab_2751_bill_20140624_enrolled.pdf I am regularly amazed that representatives from Los Angeles make policy that adversely affects businesses in the valley that they have no knowledge of. I just wish to inform you, I will save my opinion on these for another blog....

May is National Bike Month!

  It’s no secret that bicycling has been a favorite pastime ever since we can remember.  In recent years, however, bicycling has increased in popularity as not only a sport, but a means of transportation.  Here are just a few of the statistics: Bike sales have increased by 20% from 1992-2006¹ Bike commuting...

Why Do “Good Students” Get Discounts?

Younger drivers often face paying higher car insurance premiums than more experienced drivers because they are more prone to accidents and, as such, statistically present a higher risk to their insurance companies. Fortunately, if you are a young driver (or the parent of a young driver), you do have options to...

Homeowners Flood Insurance Affordability Act of 2014

FEMA Highlights of Homeowners Flood Insurance Affordability Act of 2014 FEMA released Bulletin 14011 Overview of the Homeowners Flood Insurance Affordability Act of 2014 available in its entirety at this link.  For the most up to date information available on the new flood reforms, please refer to this FEMA Bulletin. Excerpts from...

Summer Is Almost Here!

  Is your boat or jet-ski insured??? There are five common mistakes boat owners make with their insurance coverage. Whether they believe they do not need insurance because they own their boat, or because the boat isn’t physically in the water during the off-season, there are widespread misconceptions about when boat and...

Did you miss the March 31st Deadline?

Covered CA announced late on March 31st that due to Record-setting numbers of people trying to sign up for Covered California™ health insurance plans overwhelmed the system on the final day of open enrollment, prompting the exchange to allow consumers who had trouble enrolling by the deadline to work with a...