It’s a fact… You don’t have to offer your employees group health-care coverage if you have fewer than 50 employees. But what happens if you have more than one, but fewer than 50 employees, and you want to give your employees health-care benefits? Well, I’ve got good news for you. Though Obamacare does have a dramatic impact on Section 105 medical plans, you can offer … [Read more...]
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Winning strategies for surviving Obamacare
As you probably know, the Affordable Care Act (Obamacare) inflicted a host of new penalties and restrictions. What you might not know is that the old health care laws are still on the books. This means that to come out a winner, you have to know how to play the complicated health-care game the right way. Which is why I’ve written my new article. It will help you choose the … [Read more...]
How to get a deduction for your “entertainment facility”
Happy New Year! I don’t know what New Year’s resolutions you’ve made, but I’ve resolved to keep doing all I can to cut your tax bill in 2014… and I want to get started right now! Let’s kick off the New Year with some great ideas about how to make an entertainment-facility tax deductible to you and tax free to your “rank-and-file” employees. What does the IRS mean by an … [Read more...]
How to survive Obamacare AND help your employees
Sure, you want to help your employees pay for their medical expenses. But you may be afraid that under Obamacare, your small business won’t be able to afford coverage for them… or even yourself! Well, don’t lose hope. Consider providing a Health Savings Account (HSA)! Yes. HSAs have survived the Obamacare reforms and they may just be the tax-advantaged healthcare solution … [Read more...]
How to “W-2” the vehicles you provide to employees
If you provide your employee(s) with vehicles for business use, you’ll have to do a little calculating. You see, because your employees personal use of the vehicles must be included in their wages, you’ll need to apply the correct valuation rules. Sound complicated? It is. We’re dealing with the IRS! But don’t worry. We’ll explain the three IRS-approved valuation methods … [Read more...]