We are all hearing a lot about the Affordable Care Act from a positive and  negative perspective but the only way to truly consider how it maps out for you is to read it and consider it as being phased in for yourself, your family and your Business.

Health Care professionals are excited about the act, non-health care professionals are perhaps more concerned, and potentially Individuals may or may not be winners in the equation. The Great thing about our system is that we will have the continued opportunity to interact with the Law and subsequent rule making to hopefully achieve an optimized outcome that best meets universal needs of stake holders.

Note that there is a phasing in Small Business Health Care Tax Credit that started in 2011 http://www.healthcare.gov/law/features/employers/small-employer-tax-credit/index.html .

“If you have fewer than 25 employees and provide health insurance, you may qualify for a tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This credit will increase in 2014 to 50% (35% for non-profits). This will make the cost of providing insurance much lower.”

The Law Itself as signed:

The Law itself http://www.healthcare.gov/law/full/index.html see the senate and House versions here - pages weigh in at approximately 2500.

For your greater (general) awareness of how Our Federal Government  brings on board new legislation once the president signs the reconciled House and Senate Acts (Bills) into Law there is the foundational Law that will be subsequently enacted through the issuance of Executive Branch Rules for the various related  departments through process of Rule Making - which provides another level of Public Opportunity for interaction with the rules through comment periods. Comment periods permit you to add your voice to the decision making process of implementation. As most are aware the US supreme court (SCOTUS) has been reviewing elements of the Affordable Health Care Act. We as always hope that the outcome will be a sensible one that supports the best common interests in Health and Finances. It’s up for you to make that determination from a view point standard in relation to your own situation on both points. Our goal is to inform.

DCarsonCPA.com is your web link to the practice of Dean T. Carson II, CPA for Client Services on Accounting, Taxes, Advisory, Financials, Business Analysis, Financial Analysis, Compliance and Related Research. For Government, Businesses, Non Profits and Individuals. We work to meet your specific needs as a Financial Decision Maker with corresponding services and broad insight that can be narrowly focused in for your specific needs on services. Find us at www.dcarsoncpa.com or e-mail info@dcarsoncpa.com . The Broader vision of Our Business is about helping Clients to meet services, to better connect with Financial Decision Making processes (to help your knowledge in decisions) and to be a part of workshopping future solutions that may help on Public Finance through awareness.

Bearing in mind that Official “Unemployment” is a metric that is designed to capture a portion but not the complete measure of Unemployed Individuals - this being because under the best of circumstances it is assumed that some have willed not to work (*) link through to the attached visual tool from US DOL on Unemployment which from appearances can be reduced further to focus on the States and localities too (Cities and Towns et. al.)

(*) That some may will not to work is a rational assumption in a healthy economy - but in the less than ideal current economy this will undercount many who would will to work given the opportunity.

To get the detailed tool link to US DOL:

http://data.bls.gov/map/MapToolServlet?survey=la

This visual for aesthetics only - follow the link above to interactive chart and data.

DCarsonCPA.com here to support Financial Decision Making and encouraging the work on rebuilding the Economy to put America back to work for the Future. The national future is about Economic Opportunity and the goals that we all share to build a better tomorrow for Our Families.

Hoping that the National Economy moves to improve and keeping a watchful eye on inflation and energy prices. Resisted the impulse to retweet that the Trade Gap is the cause of our problems but should have done so because the truth is aligned to the fact that a negative trade gap is not very helpful, and always indicates we need more than we produce. We need a Robust US Economy built on Agriculture, Manufacturing, Energy, Services, Education, Math, Science, Health and more.

Follow the link to the key Report - The Beige Book

Follow this link to The Economic Lowdown Podcast Series at the St.Louis Fed for a refresher on Economics. http://www.stlouisfed.org/education_resources/podcasts.cfm?utm_source=Twitter&utm_medium=SM&utm_campaign=Twitter

DCarsonCPA.com connecting Businesses, Non Profits and Individuals to the measurement tools that bring Economic, Accounting, Analysis, Industry and other insights. Working with Government and Industry Standards and related research.

On the Search for Eligible Small Business Tax Credits?  the IRS is encouraging you to check this one out for application to your Small Business:

http://www.irs.gov/newsroom/article/0„id=255526,00.html

This is the IRS Scheduled refund Calendar on 2011 Taxes when you e-file and when you get your Tax Refund.

Connect to us at www.dcarsoncpa.com here to support your needs on Accounting, Taxes, Advisory, Research and more. We connect a line of Government, Industry, Business, Non Profit and Individual Financials for Decision Makers and work to help Clients gain insight through financials. We are interested in hearing from you on you related needs on services.

An alternate Take on the Failure to Make Estimated Quarterly Withholding Tax Blues.

Let me know the one you like best - the goal is to have a little fun here as an offset to Busy Time.

Dean

Note: This is a fictional account based on the factual complication that can arise if you fail to make quartely deposits - Penalties & Interest. Not to mention Underpayment of Tax Obligations that may be harder to meet if cash flows are not there later. Accordingly the point was to have some fun and help encourage that you meet Tax Deposit obligations where they are required.

Having some fun with Tax Time, we enjoy Tax and Regulatory Research it’s also good to enjoy music so here we are sharing a demo of the Failed to Make Estimated Witholding Blues… Hope you won’t mind. It’s intent is purely to appeal to those who get the message better through the music…. (Quarterly) Estimated Withholdings Tax payments can save you from the Tax Time Blues.

Dean

Note: The song is fictional based on the factual circumstance that failure to pay or underpayment of Quarterly Taxes as due, generally results in subsequent Financial complications at Tax Calculation time with the Annual Return (Business or Individual).

Follow this link to the Presidents 2013 Budget:

http://www.whitehouse.gov/omb/budget/Overview