Practice: Taxation
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Employment Law & Litigation
Business Preparation For Affordable Care Act Effective In 2014
- March 4, 2013
- By Allen & Gooch
Beginning in 2014, the Affordable Care Act provides new incentives to small businesses through tax credits and options to purchase health coverage for their employees, but larger businesses face greater regulations that subject them to an Employer Shared Responsibility payment if proper health insurance coverage is not paid to 95% of its employees. The Act […]
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Employment Law & Litigation
Hidden Tax Change In Health Care Bill
- May 17, 2010
- By Allen & Gooch
Hidden away in 23 lines of Section 9006 of the Patient Protection and Affordable Care Act (commonly referred to as the Health Care Bill) is a dramatic change in the IRS Form 1099 reporting requirements. At present, businesses must issue a Form 1099 to all independent contractors who perform $600 or more of work for […]
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Employment Law & Litigation
Louisiana Eliminates Capital Gains Tax On Sales Of Private Businesses
- January 4, 2010
- By Allen & Gooch
During the recently completely 2009 Regular Session of the Louisiana Legislature, the legislature passed, and Governor Jindal signed, legislation that excludes capital gains tax from individual state income taxes. The exclusion becomes effective for all taxable periods beginning on or after January 1, 2010, and applies to the sale of privately held companies domiciled in […]