Since the Affordable Care Act (Obamacare) was enacted, Health Savings Accounts (HSAs) have become more popular than ever, particularly with small businesses. This should come as no surprise. The HSA has some great features including its exclusion from the Affordable Care Act 100-a-day penalty rules, tax-deductible contributions, tax deferred growth, and possible retirement … [Read more...]
Here’s what every LLC owner needs!
Your LLC provides you with two important benefits: Limited liability Favorable tax treatment But be aware that your state’s LLC default rules and regulations govern your business as well as your members’ rights and responsibilities. Sometimes these rules are onerous, but don’t lose heart. Luckily, your state’s default rules can be overridden by an operating … [Read more...]
How to qualify for a little-known legal-fees deduction
If you’ve won a lawsuit award or settlement, Uncle Sam will want his share of the money. But if you know how to take advantage of a little-known deduction, you can save thousands of dollars in taxes. Want to keep more of your award or settlement in your pocket? We’ll show you how when you read my new article titled Tax Tips: Minimize Your Tax Bill on Lawsuit Awards and … [Read more...]
A great way to pay for college
Is your child 18 or older? If you’re answering “yes,” my new article is for you. You see, it will explain a great college funding tool that can save you a lot of money. Want to find out how to put this proven strategy to work? Read my new article titled Tax Tips: Paying for College. Three ways our fact-filled article can help you: You’ll learn why you should NOT … [Read more...]
How to save your self-employed health-insurance deduction
If you’re a sole-proprietor, you need to read my new article now! Why? Because the IRS has laid a trap for you that could cost you your self-employed health insurance deduction. The truth is, all too many sole-proprietors learn about this trap at the worst possible moment… when they file their tax returns. If you want to avoid problems and save a lot of money, don’t miss … [Read more...]