“An Ugly Rule forOwners of S CorporationsDeducting Health Insurance” To get my complete, FREE articlewith all the details… Are you running an S corporation? Then be aware of an ugly rule that applies to how you deduct the cost of the health insurance you put on your W-2. Here’s the problem. If you are an S corporation owner who wants to deduct your health … [Read more...]
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Six Health Insurance Questions for Small and Solo businesses
“Six Health Insurance Questionsfor Small and Solo businesses” To get my complete, FREE articlewith all the details… Like most small and solo business owners, you want to take advantage of valuable business tax deductions for health insurance and medical expenses. That’s where the 105-HRA plan comes in. What does “HRA” mean? HRA stands for Health … [Read more...]
Business Gym for Your Employees, and Maybe You Too
“Business Gym for Your Employees, andMaybe You Too” To get my complete, FREE articlewith all the details… Want to get a gym for your business? No sweat. But as you might imagine, the IRS doesn’t make things easy. You see, you have to be sure to choose the right tax-code sections and regulations to get your deduction. Here’s the root of the problem. The … [Read more...]
Don’t Miss Out: Helicopter View of 2023 Meals and Entertainment
Don't Miss Out: Helicopter View of2023 Meals and Entertainment To get my complete, FREE articlewith all the details… Are you aware of the changes to the business meal deduction for the year 2023 and beyond? If not, you could be missing out on important information that could impact your business. The deduction for business meals has changed to only 50 percent, … [Read more...]
Avoid This S Corporation Health-Insurance Tax-Deduction Mistake
“Avoid This S Corporation Health-InsuranceTax-Deduction Mistake” To get my complete, FREE articlewith all the details… If you own more than 2% of an S corporation, you have to follow special rules in order to legally deduct your health-insurance premiums. These demanding health-insurance rules can also apply to family members who work in your business but don’t … [Read more...]