by meesekhan | Dec 30, 2019 | 2019 End of Year Deductions
Why pay Uncle Sam more taxes than you have to. You can save a bundle if you know how to take advantage of the laws allowed. Five tax strategies for family-related breaks Strategy #1: Put your children on your payroll. Do you operate your business as a...
by meesekhan | Dec 16, 2019 | 2019 End of Year Deductions
End of Year Deductions for Medical and Retirement December 31 is quickly approaching, and you are maybe wondering how to handle your retirement accounts and medical coverage/plans from a tax perspective. By taking action before the end of the year, you could save...
by meesekhan | Nov 25, 2019 | Blog
Be sure to follow the special IRS rules that allow you to deduct your health insurance premiums. These rules are particularly important if your S corporation employs your parents and/or non-dependent children who don’t own any stock in your corporation. And be...
by meesekhan | Nov 18, 2019 | Blog
There are several ways for tax deductions; one such way is Section 127. In this blog, you are going to get a glimpse of what Section 127 is and how you can use it to your benefit. Have you ever thought of your business, helping your grandchild to pay for his college...
by meesekhan | Nov 11, 2019 | Blog
From January 1, 2020, the new individual coverage HRAs were created by Presidential Executive Order 13813 and will become active. By the end of October 2019, you have to create the right documents and have them ready to put the individual coverage HRA in place. How to...