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"We recently changed accounting firms and retained Wilkins Miller. Due to the firmís excellent reputation, we had high expectations. I am happy to say they have surpassed all expectations and continue to deliver on their promises. Their staff is professional, responsive, and efficient and their work product is of the highest quality. We value the relationship with a firm where we trust their opinions regarding auditing and tax matters, help us set certain goals, and then help us to achieve them."

Drew C. DeLaney
Beard Equipment Company
 
Small Employer Health Insurance Premium Payment

Under the Affordable Care Act, the Department of Labor has indicated that employer payment (or reimbursement to the employee) of premiums paid to purchase health insurance that is not part of an employer provided group health insurance plan are considered group health plans that violate the market reforms of the Affordable Care Act. As such, an employer could be subject to substantial penalties if the employer is paying health insurance premiums (or reimbursing employees for health insurance premiums) for coverage other than provided under a group health insurance plan.

If you are making payments under such arrangements, we suggest contacting your insurance provider or us to discuss steps which may be taken. The rules covering this situation may be clarified or changed at a later date and should this occur, we will advise you at the earliest opportunity.

Please note that entities with a single employee are not affected by these changes.

If you have any questions concerning this, please contact us.