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    Steven developed a thorough plan to meet our complicated needs with a blended family and special needs child in a timely manner. - Cheryl F.

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    Mr. Jackson made a tough process easy and painless! - Kyle M.

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    "Integrity, trust - a rare item - it's here! - Ron F.

Accountants figuring out Obamacare

Accountants tell me they are still scratching their heads and still trying to figure out the taxes that are inside the Obamacare legislation. The reason the Obamacare law was upheld by the US Supreme Court was that it was as Chef Justice Roberts said, a “Tax Bill”. Congress has the authority to raise taxes. Unfortunately Chef Justice Roberts is right in that this bill does create new taxes and the accountants I have spoken with are concerned about how this is going to play out on their clients’ tax returns.

A part of the Obamacare legislation includes a specific tax on income earned on investments. It also creates tax penalties relating to medical insurance. The accountants are nervous about these new set of taxes and how they will adversely affect their clients.

Whenever you are doing Business Succession Planning, Asset Protection Planning or Estate Planning you need to look at all the aspects of taxes, including Income Tax, Capital Gains Tax, Property taxes and Gift and Estate Taxes. We take those aspects into account when we are creating work for our clients.

At the Law Firm of Steven Andrew Jackson, Attorney and Counsellor at Law, we have helped hundreds of families protect themselves and their loved ones, avoid Estate Taxes and Probate Costs, and keep their Estate Plans current with the law through The Customized Protective Estate Planning Solution™.