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Employers Providing Self-Insured Health Coverage Must Report on Information Returns

 

This tax tip is updated to clarify that self-insured employers that are not applicable large employers, those with fewer than 50 full-time or full-time equivalent employees in the preceding calendar year, should file Form 1095-B. Self-insured employers that are applicable large employers should report health coverage information on Form 1095-C. This tip does not apply to information reporting on health care coverage of individuals who are not employees or entitled to coverage because of a relationship to an employee.

All providers of health coverage, including employers that provide self-insured coverage, must file annual returns with the IRS reporting information about the coverage and about each covered individual. Insurance Companies must report on coverage under employer plans that are insured.

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Daemen Earns National Honor As College of Distinction

Daemen Earns National Honor As College of Distinction

Daemen College has been selected for the eighth consecutive year as a College of Distinction as one of the best colleges in the nation for students to learn, grow and succeed.

“We are pleased to receive this prestigious national distinction again this year,” said Daemen President Gary A. Olson. “This award underscores that Daemen is among the best colleges in the country in its dedication to students’ success and to providing an engaging, active college environment at an affordable price.”

As a 2015-16 College of Distinction, Daemen has been honored for its exemplary commitment to student engagement, great teaching, creating a vibrant campus community, and successful outcomes.

Tips on Travel While Giving Your Services to Charity

Do you plan to donate your services to charity this summer? Will you travel as part of the service? If so, some travel expenses may help lower your taxes when you file your tax return next year. Here are several tax tips that you should know if you travel while giving your services to charity.

First Annual Erie County Fair Held in Buffalo Courthouse

First Annual Erie County Fair Held in Buffalo Courthouse

The Ladies were a bit reluctant to attend the first Erie County Fair, in 1841, so officials announced: "Constables will be on grounds to preserve order and the visits of the ladies will be welcomed to the exhibition."

Thus reassured, the ladies tied on there bonnets, and sallied forth. They even attended the plowing matches, one of the main attractions of early fairs, and it was reported "more than 2,000 people gathered in carriages and on horseback. A great many ladies, lured by delicious weather and the interest of the occasion, graced the attendance, adding interest and brilliancy to the scene." Even in those days the ladies did not like to miss any of the fun.

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Find Out if Your Health Coverage is Qualifying Coverage under the Health Care Law

The Affordable Care Act requires you and each member of your family to have qualifying health care coverage, qualify for an exemption from the responsibility to have minimum essential coverage, or make an individual shared responsibility payment when you file your federal income tax return. For purposes of ACA, qualifying health care coverage is also known as minimum essential coverage.

Minimum essential coverage includes:

Health plans offered in the individual market – plans offered by a health insurance issuer licensed by a state, including a qualified health plan offered through the federally-facilitated or a state-based Health Insurance Marketplace

Grandfathered health plans – plans that were in existence on March 23, 2010 and haven’t been changed in ways that substantially cut benefits or increase costs for consumers – for more information, visit HealthCare.gov

Government-sponsored programs

Buffalo Niagara Heritage Village Lists September Events

Buffalo Niagara Heritage Village Lists September Events

 

Four exciting events will take place during the month of September at the Buffalo Niagara Heritage Village, located at 3755 Tonawanda Creek Road in Amherst.

Scott Schotz, the historic buildings and grounds manager at BNHV, will present a special lecture about historic woodworking and timber framing from 7 to 8:30 p.m. on Sept. 10. He will perform demonstrations using 19th century tools and techniques and will work on a project during this lively lecture right before your eyes. This educational event costs $6 for adults, $4 for seniors and military, $2 for children and is free for members.

Dalia’s Bridal to Begin Offering Designer Dresses for All Occasions

Dalia’s Bridal to Begin Offering Designer Dresses for All Occasions

 

Dalia’s Bridal, which opened at 4558 Main St., Snyder, last December, is expanding its business and will begin offering designer dresses for all special occasions and social events — including beautiful dresses for mothers of the bride and groom — beginning the weekend of Aug. 28-29.

“We will have both long and short dresses, from cocktail to formal, in sizes 0 to 28,” said owner Dalia Nowak. “We will carry well-known designers such as Adrianna Papell, Jovani, Terani Couture, VM by Mori Lee and Cachet just to name a few, and all of our dresses will be sold right off the showroom floor.”