The Affordable Care Act (ACA) does not apply to a business that has only one employee. This opens the door (likely regardless of what lawmakers do with the ACA) for what we are going to call the 105-HRA. We created this name from its two predecessors: 1. The Section...
If you own more than 2 percent of an S corporation, you have to do three things to claim a deduction for your health insurance. Three things you must do 1. You must get the cost of the insurance on the S corporation’s books. 2. Your S corporation must include...
We specialize in helping clients clarify their taxes so they can keep more of their money. Many small business owners who come to see us in Fort Worth, TX are generally unaware of even the basic tax saving strategies. S corporation has to pay small business...
