13 Feb Don’t forget Open Enrollment for ACA Insurance ends February 15
Advice from your local CPA:
As a local Asheville / Weaverville area CPA I see the need for locals to sign up for insurance. The Open Enrollment Period ends February 15th. If you miss this deadline you may be required to wait until the 2016 open enrollment period to sign up. The Federal Government, through the Affordable Healthcare Act, is offering significant assistance so there is no reason not to look into coverage.
Tax Penalties for no coverage:
In 2015, penalties are $325 per adult and $162.50 per child, up to $975 per family — or 2 percent of family income above the federal tax filing threshold. That’s up from $95 per adult and $47.50 per child, up to $285 per family — or 1 percent of family income above the specified threshold in 2014.
Do you know someone who still needs health insurance? Help us spread the word to make sure your family and friends know how to sign up for health insurance
Alicia Sisk-Morris, CPA is a native of the Asheville area. A Certified Public Accountant since 1999, she has a diverse background in tax, financial and business consulting. She is dedicated to helping small and medium-sized companies grow profitably while helping them establish practical and sound tax and financial processes. She is committed to meeting each client’s unique business objectives. Alicia has expertise in providing comprehensive accounting services, including individual, corporate, partnership, and nonprofit income tax returns, financial statements, bookkeeping and payroll tax reports. Alicia earned a Bachelor’s in Business degree from the University of North Carolina at Chapel Hill and an Accounting degree from University of North Carolina at Asheville. She is currently working on her master’s degree from Western Carolina University.