Private Practice Accounting Blog

When Am I Required to Provide Health Insurance to Employees?

16

Oct

Employees

When Am I Required to Provide Health Insurance to Employees?

As you likely know, the Affordable Care Act (ACA) added requirements for employers to provide health insurance to employees if employing a certain number of full-time employees. According to various provisions of the ACA, a full-time employee is defined as anyone working around 30 hours per week. You do need to look at part-time employees as well since they can add up to full-time employees. If you have over 50 employees, you are considered a Large Employer and are required to provide health insurance benefits. In this case, we recommend speaking to an agent to discuss the specific requirements that…

How do I hire Someone?

First...take a step back. While you might have someone already picked out for an open position in your practice, you need some lead time before you can hire someone in Washington State. Do you already have a payroll system set up? If you’re an S-Corp, you should. If payroll is already established, the hiring process can often be a little quicker. File a New Business License Application If not, then you will need to file a NEW business license application. When you apply, the purpose will be “hire employees.” We recommend that you file for a new business license online…

Why should I switch from Excel to Quickbooks?

Why should I switch from Excel to Quickbooks? It’s a common story I hear from clients: I keep track of my income and expenses in Excel. I have all my expenses in Excel and I use Stripe to record my income. While Excel is a powerful tool (I use it everyday), it isn’t ideal for bookkeeping. Small business owners should switch from Microsoft Excel to QuickBooks Online for a number of reasons: 1. QuickBooks saves time and money: Excel requires you to manually record each of your expenses into a spreadsheet. This process is time-consuming, not to mention the time…