“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...]
Medical (for 105 plans see Section 105 medical plan)
Sorted by Date
Take Advantage of the Once-in-a-Lifetime IRA-to-HSA Rollover
“Take Advantage of the Once-in-a-lifetime IRA-to-HSA Rollover” To get my complete, FREE articlewith all the details… In this article, I explain how to take advantage of a once-in-a-lifetime opportunity. I’m talking about a chance to do a tax-free rollover of funds from your IRA into your health savings account (HSA). Why should you consider making the … [Read more...]
2023 Health Insurance for S Corporation Owners: An Update
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...]
Self-Employment: A Quick Guide To Tax and Savings Issues
Thinking of becoming self-employed? Before you take the leap, read my new article. Waving goodbye to your boss and going into business for yourself sounds wonderful. And it can be. But before you make the big move, you should be aware of the consequences of your decision. And there are many consequences. The good, the bad, and the ugly. Here’s the story in … [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...]