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Health Savings Accounts: The Ultimate Retirement Account

WEBLooking to save for retirement? The first account you should open and fund is not an IRA (regular or Roth) or 401(k). If you qualify, your first retirement account should …

Actived: 9 days ago

URL: https://hfieldcpa.com/2022/04/04/health-savings-accounts-the-ultimate-retirement-account/

Self-Employment: Quick and Dirty Guide to Tax Issues and Savings

WEBAre you considering joining the Great Resignation and becoming self-employed to be in charge of yourself? Yes? Okay, but before leaping, consider the tax …

Category: Health Go Health

Why Some Business Owners Prefer Individual HSAs

WEBGeneral Month-by-Month Eligibility Rule. According to the general rule, you determine eligibility to make HSA contributions on a monthly basis. So, if you have …

Category: Health Go Health

Amplified: 10 Tax Strategies for S Corporations: What, How, Where

WEBUse our brand-new PDF to learn more about the following 10 S corporation strategies you can implement today: Reduce the S corporation owner’s wages. Deduct …

Category: Health Go Health

2023 Health Insurance for S Corporation Owners: An Update

WEBFebruary 2023. If you operate your business as an S corporation, you continue to enjoy good news in 2023 when it comes to your health insurance. In this article, we give you …

Category: Health Go Health

When Your Income Is Subject to Self-Employment Taxes

WEBSelf-employment taxes are to individual business owners what payroll taxesare to employers and employees. They fund Social Security and Medicare. All individuals …

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The Ugly Rule: How S Corporation Owners Deduct Health …

WEBLearn about the "ugly rule" that applies to how S corporation owners deduct the cost of health insurance that a corporation puts on its W-2s. Discover the definition …

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Financial Archives

WEBAn ugly rule applies to how S corporation owners deduct the cost of health insurance that a corporation puts on its W-2s. The words that make this an ugly rule are “earned income,” …

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Update 105-HRAs, MSAs, and FSAs to Allow Over-the- Counter …

WEBTakeaways. Retroactive to January 1, 2020, your Section 105-HRA, QSEHRA, ICHRA, Archer MSA, and FSA may reimburse over-the-counter drugs and …

Category: Health Go Health

Good News If Your PPP Loan Is for $50,000 or Less

WEBAs you likely know by now, the Paycheck Protection Program (PPP) loan and its forgiveness process have been an ever-changing (and often confusing) ride so …

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Blog Henningfield & Associates

WEBThe article discusses changes to the business meal deduction for the year 2023 and beyond. As of now, the deduction for business meals is only 50 percent—a significant …

Category: Health Go Health

cch_admin, Author at Henningfield and Associates, LLC

WEBTax-favored Health Savings Accounts (HSAs) Are More Popular Than Ever One reason: when enacted, the Affordable Care Act (ACA) eliminated all two-or-more-employee, …

Category: Health Go Health

Financial Archives

WEBAs you may remember, two bad things happened to the Employee Retention Credit (ERC): On November 15, 2021, Congress retroactively repealed the ERC for the fourth quarter …

Category: Health Go Health

cch_admin, Author at Henningfield and Associates, LLC

WEBAs you may remember, two bad things happened to the Employee Retention Credit (ERC): On November 15, 2021, Congress retroactively repealed the ERC for the fourth quarter …

Category: Health Go Health

Uncategorized Archives

WEBTax-favored Health Savings Accounts (HSAs) Are More Popular Than Ever One reason: when enacted, the Affordable Care Act (ACA) eliminated all two-or-more-employee, …

Category: Health Go Health