For those of you not aware of Section 179 it allows up to $500,000 for write offs on investments in new and used equipment and off the shelf software. Had not been signed, the $500,000 limit would have been reduced to $25,000.
For those of you that provide health insurance to your employees, I would guess you don’t provide it to your employees dependents. If you make it available to your employees but do not pay for it you may be creating a problem for the employees dependents because they will not be able to take advantage of any subsidies in the Exchange. This is called the family glitch and is part of the ACA. There are efforts in Washington to change this and Small Business California will be working to change this over the next year.
Enjoy your Holidays and we want to wish all of you a great and healthy New Year.
Small Business California
2311 Taraval Street
San Francisco, CA 94116