Many entrepreneurs don’t realize it but as small-business owners we have more options to save on healthcare costs than any other group of Americans. The tax-planning and cost-saving strategies can be phenomenal.
You thought it was the Holiday Season, but it’s actually “Health Insurance Season”.
These little gems are amazing. Get a tax deduction, the money grows tax free, and comes out tax free for almost any medical expense…you can even self-direct your HSA and buy that cute little piece of real estate at auction down the street- Unbelievable!!
This boils down to taxpayers reporting if they got a credit, how much, and if not, did they pay for their insurance and did they avoid the ‘penalty’ for not caring insurance under the ACA.
With all of the news coverage, opinions and justifiable confusion with implementation of its final stages, I would like to provide some strategies that can help you through this maze.
As small business owners, we have more options than any other group of Americans to save on health care costs. The tax planning and well as cost saving strategies can be phenomenal.