“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...]
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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...]
Tax Treatment of Employer-Provided Meals: What’s New?
To get my complete, FREE articlewith all the details… Marie Antoinette said, “Let them eat cake.” The IRS said, “Let them eat lunch.” That’s right. For decades, you’ve been able to provide employees with free meals as a tax-free fringe benefit. When it comes to meals, “Free” is a beautiful word. Free meals, that you provide, can offer you some nice tax … [Read more...]
Make Extra ‘Catch-Up’ Contributions to Retirement Accounts for Big Benefits
To get my complete, FREE articlewith all the details… Have you reached age 50? Then you’re in luck. You see, if you’ve hit the Big Five Oh, you can make additional “catch-up” contributions (additional money!) to certain tax-advantaged retirement accounts. This can add a whole lot of money to your accounts as time goes by. And I can prove it. Here are the … [Read more...]