Health savings accounts (HSAs) are wonderful for several reasons… They let you contribute to the healthcare costs of your employees without facing Affordable Care Act (Obamacare) problems… there are no minimums to pay… and there’s no insurance to deal with. All you do is make contributions and get a deduction, and your employees get the income as a tax-free fringe benefit. … [Read more...]
Owner Benefits
Tax-deduction benefits for the owner of the business.
How to deduct your clothing and laundry bills
When tax time rolls around it feels as if Uncle Sam wants to take everything you have . . . even the shirt off your back. But there’s a totally legal way to strike back . . . Deduct the cost of that shirt on your back, plus all the clothes you wear for your job. And while you’re at it, deduct laundry and dry cleaning expenses too! I’m not kidding. If you follow IRS … [Read more...]