520 N.W. Second Street
P.O. Box 779
Evansville, Indiana 47705-0779
Phone: 812.425.3592 | Fax: 812.421.4269
520 N.W. Second Street
Recent News and Events
Currently the Affordable Care Act (ACA) provides the first open enrollment period for the yet-to-be-launched stated health insurance exchanges will begin October 1, 2013. By January 1, 2014, virtually every individual American citizen is required under the ACA to have health insurance coverage or they will be subject to a “penalty” or tax. That tax will be collected on the individual’s income tax return in 2014 if they do not have health insurance.
Employers subject to the Fair Labor Standards Act will be required to provide information to their employees about these health insurance exchanges, and for the first time the Department of Labor has issued guidance on what those notices will need to say.
Attorneys at Fine & Hatfield are knowledgeable about the requirements and regulations of the ACA that will soon be impacting our clients in significant ways. Now is the time for employers of all sizes to be sitting down with their attorneys, employee benefit advisors and their HR supervisors to analyze the impact that the ACA will have on your bottom line. Do you know what changes are needed to your personnel policies and the notices you will need to be providing your employees? Do you know what changes...read more...
Fine & Hatfield has teamed up with Old National Insurance to offer two upcoming public forums on the Affordable Care Act of 2010 and its impact on Tri-State businesses.
On Tuesday, February 5th, Senior Member Todd Glass will speak to small business (less than 50 employees) and also midsize employers (50-100 employees) along with Steve Snyder of Old National Insurance. The forum will be offered through the Chamber of Commerce of Southwest Indiana in conjunction with the Small Business Development Center, and will be held from 7:30-9:00 am at Innovation Point in downtown Evansville. Costs will be free for Chamber members and $10 for non-members. To register contact the Chamber of Commerce.
Also on Wednesday, February 20th, Todd Glass and Steve Snyder will team up again to speak on the impact of Obamacare on larger employers with more than 100 employees. That forum will be hosted by Old National Insurance and held at the Old National Bank Auditorium on the 4th Floor from 7:30-9:00 am. Registration information will be provided in the near future.read more...
As a small employer, have you stopped long enough to seriously determine if your company will fall into the employer mandates of the Patient Protection and Affordable Care Act of 2010 (“ACA” or “Obamacare”)? Although large segments of the ACA become effective in 2014, key provisions of it have already started and what you are doing now as an employer will determine your “play or pay” status come January 1, 2014!
Employers with 50 or more employees will fall under the “mandate” to provide affordable health care to all of its employees with minimum coverages determined by the Federal Government. The ACA has numerous rules on how you count your employees and if it adds up to 50 “full time employees”, so are you sure you have less than 50 as defined by Obamacare? Did you know the ACA considers anyone with 30 hours as “full time”? Did you know your employee data as of 01-01-2013 is what will determine your status? What about your seasonal employees? Did you know the ACA adds up part time employees and that counts against the full time calculations? These are called “full time equivalents” and they are added to the mix, all for the purpose and intent of getting thousands of businesses to fall above the 50 employee...read more...
The Indiana General Assembly has passed a law that could potentially save you and your heirs thousands of dollars in taxes.
Beginning in 2012, the amount of inheritance tax due upon each individuals death will be reduced by 10% each year, until in 2022 the inheritance tax will be completely phased out. That’s just the start of the good news.
In addition, during the ten (10) year phase out, the inheritance tax exemption for "Class A Transferees" will increase 150% from $100,000 to $250,000. Who are "Class A Transferees"? That terms includes:
- Natural born or adopted children and grandchildren;
- Your parents and grandparents;
- Your step children even if you have not adopted them, and their children;
- The spouses of your children, grandchildren or step-children; and
- Even a widow or widower of your child, grandchild or step-child.
Many estate and trust plans do not take full advantage of these exemptions. With appropriate planning by a qualified attorney, you can reduce inheritance taxes significantly. Here is an example of potential savings:
Barbara is a widow with one daughter and...
Do you think it is too expensive for you to finally complete an estate and trust plan for your family? Perhaps you should think again.
At Fine & Hatfield, we have taken great strides to make any number of estate and trust plans affordable for most everyone. Call and discuss your needs with a member of the Estate Planning or Trust Planning group at Fine & Hatfield, and then schedule a no-obligation initial consultation. If you do not choose to complete your estate or trust plan with us, the consultation is complimentary.
We will discuss your needs and then discuss up front the cost of implementing your customized estate plans. We custom draft your last will and testament and all advance directive documents that you will need for $600 or less, and can do the same for married couples for $750 or less. If you need family trusts or other intermediate level trust planning to meet your family’s needs, our rates are not only affordable, but you do not have any “guesswork” with our attorneys. We’ll be honest and forthright with you from the beginning. Our goal is to be your trusted attorneys for years and decades to come...read more...