Month: November 2016

Archive for November 2016

Employers: Terms to Know about Health Coverage

Under the Affordable Care Act, certain employers–known as applicable large employers (ALEs)–are subject to the employer shared responsibility provisions. Whether you are an ALE or not, now is the time to firm up plans for health insurance coverage for your employees for 2017. If you are an ALE, you may choose to either offer affordable…

Read More

Paper or Plastic- How would you like your money?

Written by Peter Kennedy, Director, for The Delaware Business Times Who carries cash anymore?  A survey from several years ago found that 78% of Americans carry less than $50 cash, with 10% carrying no cash at all.  According to survey results posted on, in 2014 – 78% of Americans made their purchases primarily…

Read More

Year-End Tax Planning for Businesses

There are a number of end of year tax planning strategies that businesses can use to reduce their tax burden for 2016. Here are a few of them: Deferral of Income Businesses using the cash method of accounting can defer income into 2017 by delaying end-of-year invoices so payment is not received until 2017. Businesses…

Read More

Energy Tax Credits Expire at the End of 2016

Certain energy-efficient home improvements can cut your energy bills and save you money at tax time; however, most of these energy-related tax credits are scheduled to expire at the end of 2016. Below are some key facts that you should know about two different home energy tax credits. Nonbusiness Energy Property Credit Part of this…

Read More

The Overtime Rule: What Employers Need to Know

Approximately 4.2 million employees are expected to benefit from the new overtime rule that goes into effect on December 1, 2016. Here’s what employers need to know about the new overtime regulations. What is the Overtime Rule? The final overtime rule raises the salary threshold for overtime eligibility from $455/week to $913 ($47,476 per year).…

Read More