"Tax Rules for ProvidingFree Meals and/or Lodging to Employees” To get my complete articlewith all the details… Sorry to be the bearer of bad tidings but here’s a fact you should know. The tax rules on free meals for employees have changed to create more revenue for the government and fewer fringe benefits for employees. The bad … [Read more...]
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Create an employee-spouse “105-HRA”
Create an employee-spouse“105-HRA” To get my complete articlewith all the details… It’s a fact... The Affordable Care Act doesn’t apply to a business that has only one employee. That’s good news is your spouse is that employee. Your spouse (and you) can benefit from what I call a “105-HRA” (Health Reimbursement Arrangement). When you design it for your … [Read more...]
Create a tax-free deduction for your smart phone
"Create a tax-freededuction for your smart phone" To get my complete articlewith all the details… Here’s good news (for a change!) from the IRS... If you and/or your employees use smart phones, youcan create some nice no-hassle, tax-free fringe benefits. Want to find out how you can take advantage of Uncle Sam’s largesse? Then put down your iPhone or … [Read more...]
Self-employed? Amend Tax Returns for up to $32,220 in Tax Credits
“Self-employed? Amend Tax Returnsfor up to $32,220 in Tax Credits” To get my complete, FREE articlewith all the details… Are you self-employed? If you are, here’s an important question for you? Have you claimed all the COVID-19 family andsick-leave tax credits you’re entitled to? If you haven’t, it can cost you big time! There’s a LOT at stake! If you … [Read more...]
Working Overtime? Get your Tax-Free Supper Money
“Working Overtime? Get your Tax-Free Supper Money” To get my complete, FREE articlewith all the details… In this article, you’ll learn how the Tax Cuts and Jobs Act(TCJA) tax reform applies to your supper-money meal-allowance, and discover the four rules that give you thetax deduction, at least for now. It would be great if all your company’s work could be … [Read more...]