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New Health Care Laws for Small Business Owners, Accounting Reports You Should be Paying Attention to, and How to Beat the Summer Slowdown

KNOW | TWELVE, JULY 2019 

The Trump Administration's Newest Health Care Rule Could Shake Up Small Business Benefits Nationwide

In less than six months, small business employees could have some of the same health insurance tax benefits as workers at large corporations.

 

Last month, the Trump administration issued a rule making health reimbursement arrangement (HRA) plans more accessible to workers nationwide. The use of HRA plans, which are funded with pre-tax money by employers, has long been restricted to exclude paying for insurance premiums. The new ruling, which goes into effect in January 2020, will change that.

 

Historically, larger organizations with many employees have more negotiating power than smaller firms, and can obtain stronger health insurance plans for their employees at lower rates. The Trump administration is framing the new rule as a way for some small businesses to level the playing field.

 

"There are some employers who would like to offer their employees health coverage, but the requirements have become so extensive or the cost has become so high, that they aren't able to," Alexandra Campau, a former special assistant for health policy to President Trump, told the Journal. - INC

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Apple Releases New Security Update and Facebook Announces News Feed Change

KNOW | TWELVE, FEBRUARY 2018 

Apple releases new security update to protect Safari against the Spectre attack

Apple has released a security update for iOS, macOS and Safari to protect against attacks exploiting the recently published vulnerability called Spectre. Although few details are available on the updates themselves, Apple’s description states that the purpose is to protect against Spectre attacks and researchers responsible for discovering the bug have been thanked in the acknowledgements, including Google’s Jann Horn.

 

This is the second group of updates released by Apple, who confirmed that all devices running iOS and macOS were affected by the Spectre vulnerability. Another recently uncovered vulnerability, Meltdown, has already been addressed with specific patches released for iOS (11.2), macOS (10.13.2), and tvOS (11.2).

 

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Facebook Is Introducing New Tools to Prevent Fake News

KNOW | TWELVE, JANUARY 2017

Study: Premium Hikes Add $10B to Taxpayers' Health Law Tab. 

Taxpayers will fork over nearly $10 billion more next year to cover double-digit premium hikes for subsidized health insurance under President Barack Obama's law, according to a study released. The analysis from the Center for Health and Economy comes as the Republican-led Congress is preparing to repeal "Obamacare" and replace it with a GOP alternative whose details have yet to be worked out.

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