The coming revolution in small business health plans

Posted Leave a commentPosted in Affordable Care Act, Health Insurance, self-employed, Small Business

The most dramatic change in small business health plans is expected be introduced by the Trump administration later this week. By relying on executive branch power rather than congressional lawmaking, the administration can effectively revolutionize small business health plans. How is this possible? Isn’t health insurance controlled by state law? Yes but the biggest deterrent […]

Estimating the cost of COBRA coverage

Posted Leave a commentPosted in Financial Planning, Health Insurance, self-employed

Yesterday I took a telephone call from a woman who planned to leave her job soon to start a business. She needs to estimate the cost of COBRA health coverage to compare to her other options. This is a simple but important step in planning to launch a business. We presume that most people know […]

Support for Turbotax users

Posted Leave a commentPosted in Accounting, Financial Planning, self-employed, Tax Planning, Taxes

For many years I’ve promoted the concept that most people should be able to file their own tax return without outside help. In cases where the taxes are based on salaried income, investment income and other well-documented sources, it makes sense to file your own taxes online and the process can be completed in less time […]

Best tax shelters for 2017

Posted Leave a commentPosted in Financial Planning, self-employed, Tax Planning, Uncategorized

Will this be the year that you reduce or eliminate your federal income taxes? I’ve helped reduce taxes for clients with income income ranging from $50,000 to $4,300,000. There are plenty of legal and well-proven tax shelters available to taxpayers in every category. The top ten most common tax avoidance strategies are covered here. Tax […]

When is it worthwhile to challenge a tax demand?

Posted Leave a commentPosted in self-employed, Tax Planning, Taxes, Uncategorized

Is it worthwhile for a taxpayer to dispute a demand from the IRS or state tax authority for additional tax payment?  Does the expected savings resulting from a tax case justify the cost of the dispute process? The answer, we might suspect, it that “it  depends”. It depends on the type of demand, the amount and the dispute process that is […]

Who pays more, who pays less under 2017 tax reforms

Posted Leave a commentPosted in self-employed, Tax Planning

Federal income tax changes are likely in early 2017 under a new Republican-led government. While we do not know all the details yet, it seems that we can formulate a few basic trends common to the Trump and Ryan tax reform plans. There is a strong reason to believe that the following tax reform proposals […]

What they don’t tell you about Office 365 for Business Premier

Posted 2 CommentsPosted in Computers and Internet, self-employed, Small Business

In September 2016 Microsoft improved the features its flagship Office platform offering for business clients. The reviews are impressive. I was having trouble with my Google for Work account at that time that I wrote about in another blog post. Microsoft Office is the platform of choice for the majority of financial service firms and nonprofit […]

Self-employed dental insurance

Posted Leave a commentPosted in Employee Benefits, Health and wellness, self-employed

Most self-employed people have medical insurance but relatively few have dental insurance. Medical insurance is required by law but dental insurance is not. In the past, small business health insurance plans often included dental insurance as an option. These plans were eliminated by the Affordable Care Act. Even just a few years into implementation of […]