Qualified Small Employer Health Reimbursement Arrangements for 2018

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Last month the Internal Revenue Service released 59 page Notice 2017-67  which provides guidance on Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs).  QSEHRAs were first established as part of the 21st Century Cures Act enacted in late 2016 for effective for 2017 small business health plans.  This new type employer reimbursement plan offered a new option […]

Tax tip: Auto, travel, meals and entertainment

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Self-employed individuals should probably be more concerned with tax compliance problems with auto, travel, meals and entertainment expenses than anything else. I’ve blogged about it before including here and here. This annotated article in PDF document format is worth a read: documentation-of-business-miles-lessons-from-a-recent-tax-court-case

‘Tuna tail’ public opinion after tax reform?

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The president’s most recent public approval rating according to the latest NBC/Wall Street Journal poll: I noticed that the graph looks like a fish. Looking ahead, we will see the impact of the tax reform proposal reflected in the next public opinion poll. If this tax reform proposal is as unpopular as I think it will be […]

Graham-Cassidy impact on small business benefits planning

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I spent much of the past week lobbying against the Graham-Cassidy bill on moral grounds. Yesterday I took time to consider the tax planning impact. Today I am considering the impact this bill, if passed, would have on small business employee benefits practices. I conclude that the impact would be immediate and dramatic. These are […]