The Language of Business

Communication in the workplace is something so basic most people don’t give it much thought.  Time is short, projects need to be completed, and really, what is the point in really thinking about how you’re speaking?

In reality, quite a bit according to the folks at the Harvard Business review.  In his article, leadership expert Kevin Allen discusses the importance of practicing that old advice, think before you speak.

Health Care Act Upheld – Now What?

The ruling by the Supreme Court issued a couple weeks back had even news organizations confused – reporting it was struck down at first, then changing the story to the act being upheld, which was the correct reading.  So what does this mean for all of you?

There are some still holding out hope for the Republican charge to repeal the act entirely, especially with the November elections coming.  Assuming they are unable to do so, here are some of the key parts of the act that will go into effect starting in 2013.

  • The amount employees can set aside in Flexible Spending Accounts (FSA’s) will be limited to $2,500 per year
  • The amount of Medicare tax withheld from paychecks will increase from 1.45% to 2.35% for single taxpayers earning more than $200,000 in wages, and for couples earning $250,000 or more in combined wages.
  • Medical expenses will be deductible to the extent the exceed 10% of AGI, rather than 7.5% currently.

We’ll keep our eyes open to see if the repeal effort gains traction, and keep you updated with all the latest developments.

New Additions to the Family

This week, we’ll take a break from our usual tax and business related items to deliver some good news from the office.

Brady Ramsay, one of the partners at RWR, and his wife Heather welcomed Henry Allen to their family on Tuesday June 19th. He joins big brother Jack at home, and all are doing well!

Also, Scott Ramsay, an owner at Ramsay Financial Advisers (RFA), and his wife Kirsten welcomed Zander Cruz to their family on Monday, July 2nd. He joins older sister Adriella, and the family is said to be doing great.

Rich Ramsay, father of Brady and Scott and partner in both RWR and RFA, is very excited about his two new grand kids.

From all of us at RWR, have a safe and enjoyable July 4th!