Collective.com

The Self-Employed Guide to Health Insurance

WEBWhen you pay from a business account, your health insurance cost is recorded in your accounting records as an employee benefit expense, which lowers your business’s …

Actived: 3 days ago

URL: https://www.collective.com/blog/small-business-hacks/self-employed-health-insurance

How to Account for Health Insurance, Vacation Time and …

WEBFinally I plug all these numbers into the following equation: (Desired Net Income + Expenses + Taxes) / Annual Hours = Hourly Rate. In this example the math looks like …

Category:  Health Go Health

How Health Insurance Works for S Corp Owners

WEBS Corps can provide health insurance coverage as a benefit to their employees. Companies that offer health insurance typically work with an insurer to set up a plan for …

Category:  Health Go Health

Employer Identification Number (EIN) Collective Help …

WEBIf you do not have a fax number, you can have the form faxed directly to Collective, our fax number is +1 650-275-4240 (it is a private and secure fax line). Call 1-800-829-4933 (the …

Category:  Health Go Health

S Corp and Self Employment Tax: What you need to know

WEBHere’s an example: If you make $100,000 in earnings from your S Corp, you can have that income paid out as $50,000 in salary and $50,000 in profit. You’ll pay FICA payroll taxes …

Category:  Health Go Health

Health Insurance for S-Corps Collective Help Center

WEBFor reporting purposes, health insurance premiums (excluding COBRA premiums) paid on behalf of a greater than 2% S Corp shareholder-employee are deductible by the S Corp …

Category:  Health Go Health

Common Tax Deductions for the Self-Employed

WEBA tax deduction allows you to reduce your taxable income when you file your tax return. This means you pay less in taxes. Imagine your self-employed taxable income is …

Category:  Health Go Health

Three Ways Entrepreneurs Can Cultivate Mental and …

WEBCollective handles the tax and accounting side of your business – so you have more time to focus on your passion. LLC formation, S Corp election, bookkeeping, monthly financial …

Category:  Health Go Health

What S Corp Owners Need to Know About the QBI …

WEBThe more your business earns and you take in distributions, the more the QBI deduction helps you save. Final Word. The QBI deduction is a boon for S Corp owners and other …

Category:  Health Go Health

What is Bookkeeping

WEBBookkeeping is the systematic recording, organizing, and tracking of a business’s financial transactions. It matters because it provides valuable insights into a business’s financial …

Category:  Health Go Health

What Is an S Corp “Reasonable Salary”

WEBA reasonable salary is a must. The IRS requires S Corp shareholder-employees to receive a reasonable employee salary, which it generally defines as at least what other …

Category:  Health Go Health

What is Accounting

WEBAccounting is the process of recording, summarizing, analyzing, and reporting financial transactions and information related to a business or organization. The primary goal of …

Category:  Health Go Health

Balance Sheet v Income Statement: Differences Explained (Finally)

WEBThe income statement shows: The balance sheet can be divided into two columns. One side shows the company’s short- and long-term assets and the other side shows its …

Category:  Health Go Health

S Corp vs C Corp: What’s the Difference

WEBThe main difference between S Corp and C Corp status is how you pay federal taxes. In short, it is common for a Business-of-One to elect to be treated as an S Corp as a way …

Category:  Health Go Health

How to Balance your Business and your Life as a Mom Entrepreneur

WEBCreating a dream day in your life and a weekly dream schedule is one of the best ways to start reimagining what balance can be in your business. If you’re craving more blank …

Category:  Health Go Health

Olivia Nunn – Veteran, Pageant Queen, and Mental Health Advocate

WEBSharing What Matters Olivia Nunn is a U.S. Army Officer, communications pro and mental health advocate. Content Note: The following story mentions suicidal thoughts.

Category:  Health Go Health

Guide to Self-Employed Hair Stylist Taxes

WEBFile your annual return: A self-employed stylist uses Form 1040, along with Schedule C, which assesses profit or loss. In order to report your Social Security and Medicare taxes, …

Category:  Health Go Health

The Ultimate Guide to Naming an LLC — Collective Hub

WEBOnce you’ve chosen a name for your business, take these steps to form your LLC: Fill out an LLC article of organization form with your state. Post a public notice with a …

Category:  Health Go Health