If you want your HSA investment to grow, you need time and rate-of-return on your side. Want to learn how to make your HSA investment account produce returns of 15% or more? Read our new article titled Tax Tips: How to Make Your HSA Investment Account Work for You? Three ways our fact-filled article can help you: We’ll explain why you needn’t be trapped in low return … [Read more...]
Medical (for 105 plans see Section 105 medical plan)
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A quick guide to how Health Savings Accounts work
If you thought that Health Savings Accounts were only for the “big boys,” you couldn’t be more mistaken. You see, proprietorships, S corporation owners, and C corporation owners can all benefit greatly from the HSA. How? You’ll find out when you read our latest article titled Tax Tips: Should You Have a Health Savings Account? Three ways our fact-filled article can help … [Read more...]
How to manage your S Corporation fringe benefit problem
It’s a fact. Your S Corporation may not give you the tax-free fringe benefits you want. In the good old days, the S Corporation avoided double taxation, reduced self-employment taxes, and also gave you a bunch of fringe benefits. Well, sadly, the good old days are long gone (since 1982). Which means that when the S Corporation is your 2011 business entity of choice, you have … [Read more...]
Is a Health Savings Account (HSA) right for you?
A Health Savings Account (HSA) can offer a great opportunity to save on insurance costs and create an investment nest egg. But the fact is, an HSA isn’t right for everyone. That’s why it’s so important to read our new article titled Tax Tips: Seeing the HSA in Action for One Year. Three ways our fact-filled article can help you: We’ll go over the simple math with you. To … [Read more...]
Bad news from the IRS re: the new health law
New guidance from the IRS on the new health care law is a major downer. Why? Because it says that the owner of a business may not claim the 35 percent tax credit on the health insurance premiums paid to cover his or her spouse. What does this mean to you? You’ll find out when you read my important new article called Tax Tips: IRS Says No Tax Credit on Health Insurance Premiums … [Read more...]