If you own a small business you may have heard that the new Health Care Law that was passed last year will directly affect you. What you may not have heard is exactly how that is going to happen. Especially since it has been over 6 months since the passage of the law and if you are like most small business owners you probably haven't seen or had to implement any changes in your small business Health Plan model. It has been attractive much business as usual. However, there are changes that you should be aware of you just haven't felt the effects of them yet because most do not seize effect till 2014. Here is a quick bare bones list of those changes:
*While not peculiar to exiguous businesses, starting in 2014 Insurers will not be able to exclude coverage or set their rates based on pre-existing conditions. Premiums will be allowed only to vary based on geographic location, age, and tobacco employ. Some restrictions already in effect include a ban on lifetime limits and a ban on “rescission” (or the canceling of policies already in effect).
finish 2014 each state will have to create what is called Small Business Health Options Programs or “SHOP Exchanges.” The purpose of theses SHOP Exchanges is that they will allow small business (defined as businesses with less than 100 employees) to pool together to buy insurance. According to The Congressional Beget Office this is estimated to effect small businesses about 2%-5% on insurance costs and increase coverage by 3-4%.
*During the remaining three years while the SHOP Exchanges are being created, small businesses that have 10 or less full-time employees that earn less than $25,000 are eligible for a tax credit that is equal to 35% of their health insurance costs. This measure will remain in do for two years from when a business first buys insurance through its state Shop Exchange.
*Also starting in 2014 small businesses with 50 or more full-time employees are going to be required to offer healthcare coverage or face an annual $750 per worker fine. Coverage that is offered has to meet a list of minimum benefits and services and cover up to at least 60% of the cost to employees.
Some other measures to be aware of include the following:
*Part-time employees may be counted toward the 50-employee limit that requires businesses to provide healthcare coverage. Part-time employees will be counted on a pro-rated basis depending on hours worked. This will effectively include more businesses in the group that must provide coverage.
*The fine for not providing insurance may increase from $750 to $2,000.
So while most of these changes do not take effect till 2014 some of them are fairly significant and for most cramped businesses while it may feel like business as usual some big changes are coming. This is especially true if you drop in the group that will have to launch providing coverage and you aren't already. That is a big cost and something that may take 3 years to effectively concept for.
Sources:
The Congressional Budget Office
Filed under Automotive Business Insurance by on Feb 24th, 2011. Comment. 
Do you need to rent a vehicle? Lubbock, Texas offers many car rental services. Whether you are looking for a car, van or SUV you can find it in Lubbock.
ADVANTAGE RENT-A-CAR
Advantage Rent-A-Car, located at 5401 North MLK Jr. Blvd., is located inside the Preston Smith International Airport.
Advantage Rent-A-Car can be contacted at (806) 744-8566 or toll free at (800) 574-6000 for more information.
ALL STAR RENT-A-CAR
All Star Rent-A-Car, located at 5901 63rd Suite F (behind Scoggin Dickey), is a flexible car rental company. It is locally owned and operated and it is a member of the Better Business Bureau.
All Star Rent-A-Car gives the option of renting by the day, week or month. They also have low rates on delivery and pick-up and insurance company rates are available. They offer late model cars and vans and they rent to those under 21.
All Star Rent-A-Car can be contacted at (806) 698-8511 for more information.
AVIS RENT-A-CAR
Avis Rent-A-Car offers competitive low rates, free unlimited mileage and they feature GM cars.
Avis Rent-A-Car can be contacted at (806) 763-5433 or toll free at (800) 831-2847 for more information.
BUDGET
Budget has two locations in Lubbock.
•1606 East Regis Street
(806) 763-1661
•5401 North MLK Jr. Blvd. (Inside Preston Smith International Airport)
(806) 763-6471
Budget offers economy through luxury cars, SUV’s, minivans, passenger vans and pickup trucks. Unlimited mileage rates are available. They rent to great drivers who are 21 and over.
ENTERPRISE
Enterprise, located at 5716 Spur 327, offers economy, luxury cars, minivans and more. They have shameful everyday rates, plus weekend, corporate and holiday discounts. They also offer free pick-up from your home, office or repair shop. If your car is damaged or stolen, it may be possible for rentals to be arranged at little or no cost.
Enterprise can be contacted directly at (806) 798-3373 or toll free at (800) 325-8007 for more information.
EXPRESS RENT-A-CAR
Express Rent-A-Car is locally owned and operated. They procure all major credit cards. They offer low rates, daily, weekly and monthly renting, vans, cars, moving trucks, trailers, tow dollies and insurance company rates are available.
Express Rent-A-Car can be contacted at (806) 745-9044 for more information.
HERTZ RENT-A-CAR
Hertz Rent-A-Car offers affordable rates, a full line of specialty vehicles including minivans, sport utilities, convertibles and they feature Ford cars.
Hertz Rent-A-Car can be contacted toll free at (800) 654-3131 for more information.
TRUSTY RENT-A-CAR
Trusty Rent-A-Car, located at 5828 Spur 327, offers many services and vehicles. They find all major credit cards.
Services include lift gates or ramps, rates for local temporary storage, insurance billing to most companies, free customer pickup at home or body shop, insurance rates and body shop specials and cash rentals with application. They also give the option of renting by the day, week or month. Vehicles include cars, pickups, vans and sport utility vehicles.
Trusty Rent-A-Car can be contacted at (806) 744-5080 for more information.
Filed under Automotive Business Insurance by on Feb 20th, 2011. Comment.
Although it’s the holiday season, soon enough the cold air of winter will usher in January and February. The holidays will have past. New Year’s resolutions will have been broken, and it will be time to do your taxes. For runt businesses, especially those who have fair started up, this can seem like a daunting task. However, there are several Wichita accounting and tax forms to assist you out with your tax preparation and any other financial services you may need.
AAPP, Inc. accountants can prepare taxes for all states and are qualified to do corporate, individual, small business, and unpaid taxes. If you choose to have them prepare your taxes, they do offer free representation if you are audited. They also offer other financial services, which may benefit you as a small business. These include providing computer software support for financial and budget programs, developing financial statements, assisting you in budgeting and forecasting for the future, and handling all the aspects of your payroll. For your convenience they offer two locations in Wichita. Their east location at 1625 S. Rock Road can be reached at 316-684-5820, and their west state at 8925 Maple Street West can be reached at 316-773-5820.
Busby Ford and Smith is another local accounting firm. They offer tax planning and preparation, but their main specialty is in financial planning. Located in Suite B at 534 N. Ridge, this company can help you organize your personal and business finances and plan for the future. They can give you advice on investing, setting up a belief to reach a specific financial goal, estates and insurance. They also offer businesses bookkeeping, payroll and auditing services. For individuals, logging onto their website can be very beneficial, as they offer online calculators for mortgages, loans, credit cards, retirement and social security benefits that can provide you with insight in how much money you need or have for something. For more information, contact Busby Ford and Smith at 316-945-1500.
Another accounting firm in Wichita is Triple Check. They are located at 6124 W. Central and can be reached by phone at 316-941-9144. They offer businesses a free consultation that allows them to determine what services the business needs and an estimate of how distinguished it would cost. Some of the services they offer include tax preparation and planning, bookkeeping, and payroll services. Their payroll services can be done in two ways. They can do your complete payroll, or they offer the option of employee leasing, where your employees are provided to you through Triple Check. Instead of paying your employees, you pay the company to provide with a staff. This can be beneficial if you are small business owner, as you can provide your employees with benefits at a reduced cost to you.
No matter if you are an individual, a small business or a large corporation, Wichita, Kansas has a variety of tax preparers and accountants that can meet a large variety of needs. You’re certain to find someone you trust that will make the process simple for you and take the stress off of this dreaded time of year.
Filed under Automotive Business Insurance by on Dec 15th, 2010. Comment.
