Tag: small business
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Tax planning for small business owners in 2017
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…
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20 Rules for Operating a Health Reimbursement Arrangement (HRA)
Update for 2018: Please see “2018: The year for a Health Reimbursement Arrangement (HRA)” 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…
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Bad tax advice and gobblygook
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…
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Historic employee benefit plan documents
I am aware that there is a demand for historic benefit plan documents – those that compiled with the laws of a period in the past – and I maintain a range of prototype documents used by my small business practice. At the same time, we know that it is not legal to use these…