2023 Health Insurance for S Corporation Owners: An Update As a business owner operating an S corporation or a tax professional assisting an S corporation, you have to be updated on the latest health insurance policies and regulations to ensure that you are in compliance with the law and to avoid any penalties. This article on 2023 Health Insurance for S Corporation … [Read more...]
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Discover New Tax Strategies for RMDs under the SECURE 2.0 Act
Discover New Tax Strategies for RMDs under the SECURE 2.0 Act Are you aware of the required minimum distributions (RMDs) for your tax-deferred retirement accounts? The SECURE 2.0 Act has introduced new tax strategies for RMDs that could save you money and help you plan for retirement more effectively. This comprehensive article covers the essential details you need to … [Read more...]
2022 Last-Minute Year-End Medical-Plan Strategies
“2022 Last-Minute Year-EndMedical-Plan Strategies” To get my complete articlewith all the details… Here are three important questions that I hope you can answer... because they’re important. Are you eligible for COVID-19 tax credits for yourself and/or your employees? Have you reimbursed your employees (including your employee spouse) as stated in your health … [Read more...]
Health Savings Accounts: The Ultimate Retirement Account
What’s the best way to save for retirement? The surprising answer is a Health Savings Account (HSA). The HSA is a tax-advantaged medical savings account, much like an IRA, that’s paired with a high-deductible health plan. Why is an HSA such a great way to save for retirement? Because an HSA is the only tax-advantaged account that gives you three important … [Read more...]
A Terrific Perk for You, Your Net Worth, and Your Employees
To get my complete, FREE articlewith all the details… The Tax Cuts and Jobs Act certainly did some good. But it also did some not-so-good things… For example, the Act crushed a huge chunk of business entertainment tax deductions. Ouch! Luckily, business entertainment facilities escapedthe crushing, and such facilities continue to be100% tax-deductible … [Read more...]