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...]
Section 105 medical plan
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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...]
Six 2018 last-minute year-end medical and retirement deductions
2019 is almost here. But there’s still time to act now and save money on your 2018 taxes. My advice? Take a few minutes to review two retirement and four medical tax-reduction strategies that I’ve provided in my new article. Who knows? You may keep thousands of dollars that belong in your pocket. Not in Uncle Sam’s. But remember. The clock is ticking so act now and read … [Read more...]