November 2020

25 Nov Year-End Medical Tax Strategies

Posted at 17:53h in Uncategorized

All small-business owners with one to 49 employees should have a medical plan in their business. Sure, the tax law does not require you to have a plan, but you should. Most of the tax rules that apply to medical plans are straightforward when you have fewer...

02 Nov QSEHRA–Qualified Small Employer Health Reimbursement Arrangement-Revisited

Posted at 19:00h in Uncategorized

Finally, the health insurance rules that apply to small businesses make more sense and allow some benefits. Beginning January 1, 2017, you can install a new qualified small employer health reimbursement arrangement (QSEHRA) and start helping your employees pay for their health insurance and other medical...

01 Nov Year End Vehicle Purchase Strategies

Posted at 19:24h in Uncategorized

Here’s an easy question: Do you need more 2020 tax deductions? If yes, continue on. Next easy question: Do you need a replacement business vehicle? If yes, you can simultaneously solve or mitigate both the first problem (needing more deductions) and the second problem (needing a replacement...

01 Nov Year End Vehicle Tax Strategies

Posted at 19:19h in Uncategorized

01 Nov 7 Year End Business Tax Strategies

Posted at 18:19h in Uncategorized

The purpose of this Blog is to get the IRS to owe you money. Here are seven powerful business tax deduction strategies that you can easily understand and implement before the end of 2020. Prepay Expenses Using the IRS Safe Harbor You just have to thank...