Are you thinking about how to handle your retirement accounts and medical coverage/plans from a tax perspective? You should be concerned about these issues because December 31 is almost here and if you take action before that date, you could save yourself a lot of money. We’ll show you proven, totally legal techniques you can use right now (before time runs out) when you … [Read more...]
Section 105 medical plan
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New Individual Coverage HRA Turns the Clock Back To Pre-ACA Health Care Options
It’s a fact. The Affordable Care Act (ACA) destroyed many benefits provided by the Section 105 medical reimbursement plan. To rectify this, the Qualified Small Employer Health Reimbursement Arrangement (QSEHRA), introduced in 2017, did help to some extent. How? By letting employers with fewer than 50 employees, reimburse certain health care costs up to a set limit … and … [Read more...]
How to Deduct Assisted Living and Nursing Home Bills
Having to leave your home for a stay in an assisted living facility or nursing home can be a painful experience. To add to the pain are the related astronomical bills you’ll have to pay. Consider these facts… The median cost in 2018 for a year in an assisted living facility was $48,000 and over $100,000 for nursing home care. To soften the financial blow, you can take … [Read more...]
Free: “Your Guide to Overlooked Medical Deductions”
Don’t miss all the valuable medical deductions you’re entitled to!Important money-saving information is yours with a click… Download your FREE copy of “Your Guide ToOverlooked Medical Deductions" This comprehensive guide from Bradford Tax Institutenormally sells for $79… but it’s yours FREE if you act now! Dear Business Owner: We both know it … medical expenses … [Read more...]
How to Reimburse Medicare When You Have Fewer than 20 employees
Do you structure your business as a sole-proprietor, partnership, S or C corporation? Do you have fewer than twenty employees? Then our new article makes “must” reading. Why? Because we’ll explain how new IRS regulations allow you to reimburse Medicare parts B and D to your Medicare-covered employees. If you want to learn how to comply with the law and avoid painful … [Read more...]