Blog.ssb-cpa.com

Is an HSA Right for You

WebHealth care costs have skyrocketed over the last few decades. Fortunately, health savings accounts (HSAs) allow qualifying individuals to pay for certain medical …

Actived: 3 days ago

URL: https://blog.ssb-cpa.com/news/is-an-hsa-right-for-you

New Study Finds Rising Health Benefit Costs

WebConsumer prices jumped 7% in 2021, according to the U.S. Department of Labor. Unfortunately, health benefit costs incurred by small employers increased at an even …

Category:  Health Go Health

New Benefits Study: How to Fill Risky Gaps in Coverage, Knowledge

WebGaps in knowledge and perception of health care benefits can have potentially costly consequences. 2021-22 Aflac study Workplace Benefits Trends.

Category:  Health Go Health

Health Savings Account Limits for 2023

WebThe 2023 annual HSA contribution limit for individuals with self-only HDHP coverage will be $3,850 (up from $3,650 for 2022), and the limit for individuals with family …

Category:  Health Go Health

Are Health Savings Accounts the Cure

WebOpen enrollment for health care benefits has begun at many companies. If your employer lets you choose from a menu of health care plans, it's important to review …

Category:  Health Go Health

Is a New Individual Health Plan in Your Future

WebFirst the old news: Under the Affordable Care Act (ACA), employers with at least 50 employees (or full-time equivalents) are required to provide health benefits and pay for a …

Category:  Health Go Health

Considering Long-Term Care Insurance

WebHere are a few annual premium pricing examples from 2020 for traditional long-term care insurance issued by the American Association for Long-Term Care …

Category:  Health Go Health

Risk Management: 8 Ways to Reduce Business Insurance Costs

WebInsurance is. Here are eight tips for keeping business insurance costs low—without compromising on coverage. Be Proactive about Risk Reduction. When Ben …

Category:  Health Go Health

Year-End Bonuses: Tax Issues for Employers and Employees

WebEmployers generally can deduct the cost of bonuses paid to employees before year end, assuming they represent compensation for services rather than a gift. …

Category:  Health Go Health

Advantages of Group Term Life Insurance as an Employee Benefit

WebTax-favored fringe benefits can help your business attract and retain skilled workers. One benefit that's been around for decades and is typically popular with …

Category:  Health Go Health

A Closer Look at Durable Power of Attorney

WebAs the COVID-19 pandemic taught many Americans, serious illness may strike at any time and any age. Of course, in ordinary times, older Americans are at risk …

Category:  Course Go Health

Can You Claim Your Parent as a Dependent

WebQualifying individuals can include a dependent parent who lives with you for over half the year and who's physically or mentally incapable of self-care. The credit rate …

Category:  Health Go Health

LIFO vs. FIFO: Taking Stock of Your Inventory Accounting Method

WebFIFO usually boosts profits on your income statement, and cost of goods sold will generally be stable from one period to another, and. If FIFO mirrors your production …

Category:  Health Go Health

Let’s Be Reasonable about Owners’ Compensation

WebNevertheless, the IRS issued a notice of deficiency, determining that portions of the shareholder-CEO's purported compensation for the years at issue exceeded …

Category:  Health Go Health

QBI Deduction: Use It or (Possibly) Lose It

WebThe qualified business income (QBI) deduction is available to eligible individuals through 2025. After that, it's scheduled to disappear, unless Congress passes …

Category:  Health Go Health

Itemizing Deductions on Your Federal Income Tax Return

WebOnce the 2023 tax year is over and the numbers are generally set in stone, you can itemize deductions on your federal income tax return if your total allowable …

Category:  Health Go Health

Year-End Review of S Corp Compensation: Stay on the Right Side …

WebYear-End Review of S Corp Compensation: Stay on the Right Side of the IRS. Submitted By: Bryant J. Croach on Dec 12, 2023 2:00:00 PM. Business Tax …

Category:  Health Go Health

2024 Standard Mileage Rates

WebTax Updates. Beginning on January 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 67 cents per mile driven for …

Category:  Health Go Health