2017 tax act

Repeal of the ACA’s Individual Mandate: Potential Impact on Employers

By Inside Jobs on March 6, 2018

Posted in Health Plans

Part of Our Series on the Tax Cuts and Jobs Act of 2017

Starting January 1, 2019, the Tax Cuts and Jobs Act of 2017 (the “Act”) permanently repeals the Affordable Care Act’s tax penalty on individuals who fail to purchase minimum essential health coverage. Accordingly, any individual who is…
Continue Reading Repeal of the ACA’s Individual Mandate: Potential Impact on Employers

Hidden Opportunity: Deducting 2018 Pension Contributions Against 2017 Income

By Richard C. Shea on March 1, 2018

Posted in Defined Benefit Plans

Part of Our Series on the Tax Cuts and Jobs Act of 2017

At the end of 2017, many businesses scrambled to find expenses before year-end that could be deducted on their 2017 federal income tax return against the higher income tax rates in effect for last year. For most…
Continue Reading Hidden Opportunity: Deducting 2018 Pension Contributions Against 2017 Income