Tax planning for small business owners in 2017

Posted Leave a commentPosted in Tax Planning, Taxes

Tax laws change every year, often providing new opportunities for business and personal planning that can save money and improve our overall financial results. This year is no exception. While there are no major changes to tax law affecting small business owners this year, there are a number of more subtle developments in tax procedure […]

20 Rules for Operating a Health Reimbursement Arrangement (HRA)

Posted 16 CommentsPosted in Small Business

Update December 10, 2017: I published an annotated copy of IRS proposed regulations for Qualified Small Employer Health Reimbursement Arrangements (QSEHRAs)that should be followed with 2018 QSEHRAs. It makes sense to view this as an additional option and not a replacement of the traditional HRAs discussed below. Update January 30, 2017: New Health Reimbursement Arrangements are available […]

Bad tax advice and gobblygook

Posted Leave a commentPosted in Employee Benefits, Tax Planning, Taxes

It has always been tough for small business owners to get basic straightforward information they need to avoid tax problems. But this year I notice the problem is magnified many times by a flood of misinformation and gobblygook published on blogs and promoted in social media, This is especially true for issues surrounding the Affordable […]