Do you work with independent contractors? If you do, it’s vitally important to get their tax status right from day one. Why? Because if you get the contractor’s status wrong, and they are considered by the IRS to be “employees,” you could suffer major penalties. That’s why it’s so important to read my latest article titled Tax Tips: Tax Lawyer Is an Employee, Not an … [Read more...]
For your HSA, buy high-deductible insurance
As I hope you know, the tax-favored Health Savings Account (HSA) can be a real money-saver. But you have to know how to get the most from it. For example, you can purchase high-deductible health insurance that can dramatically increase your HSA benefits. Want to learn how? Read our brand new article titled Tax Tips for the HSA: Buying High-Deductible Insurance. Three ways our … [Read more...]
How to get the most from your HSA investment
If you want your HSA investment to grow, you need time and rate-of-return on your side. Want to learn how to make your HSA investment account produce returns of 15% or more? Read our new article titled Tax Tips: How to Make Your HSA Investment Account Work for You? Three ways our fact-filled article can help you: We’ll explain why you needn’t be trapped in low return … [Read more...]
A quick guide to how Health Savings Accounts work
If you thought that Health Savings Accounts were only for the “big boys,” you couldn’t be more mistaken. You see, proprietorships, S corporation owners, and C corporation owners can all benefit greatly from the HSA. How? You’ll find out when you read our latest article titled Tax Tips: Should You Have a Health Savings Account? Three ways our fact-filled article can help … [Read more...]
How to manage your S Corporation fringe benefit problem
It’s a fact. Your S Corporation may not give you the tax-free fringe benefits you want. In the good old days, the S Corporation avoided double taxation, reduced self-employment taxes, and also gave you a bunch of fringe benefits. Well, sadly, the good old days are long gone (since 1982). Which means that when the S Corporation is your 2011 business entity of choice, you have … [Read more...]