If you are planning to reimburse your employees for their cost of individual insurance, be careful! You may violate the Affordable Care Act (ACA) even if you classify the reimbursements as fully taxable wages. This is part of the government's push to stop employer reimbursement of individual insurance policies. The government imposes a $100-a-day penalty ($36,500 a year) per employee violations. Basically, the government wants you as a small business to either offer group he

I got a frantic phone call this week from a client who received an email from the IRS. The email from the "IRS" was a notice that she had to "pay a forfeit for not filling the income tax return prior to January 31". The email looked legit and had the IRS logo and color scheme. However, the email had typos and other inconsistencies. It was a scam known as “phishing,” attempting to trick you into revealing your personal and financial information. The criminals then use th

Nic Baria from Accion Chicago recognizes Anthony Baldassano for his work in assisting BG Associates and SBDC clients obtain financing for their businesses.