Event at JB & Associates Tax & Finance

Description

Tax-Saving Medical Reimbursement Plans for the Self-Employed Business Owner

Small business owners do not realize some of the same tax advantages as corporate employers. They miss out on considerable savings regarding health costs. Section 105 of the IRS Code allows self-employed individuals to become eligible for a medical reimbursement plan. These plans allow small business owners to deduct 100% of their family health insurance premiums and out-of-pocket medical, vision and dental expenses not covered by insurance as business expenses. All tax-filing entities are eligible for this type of plan including Sole-Proprietors with an employed spouse, C-Corporations, S-Corporations, Partnerships, and LLCs. Section 105 medical reimbursement plans save small business owners an average of $4,000 in taxes annually. Other plans will be touched upon as well.  Find out more about how these plans work and see if your business qualifies. Presenter: Tony Beauchaine, TASC. www.tasconline.com. Host Janice Brady,  JBTaxandFinance.com. RSVP (425) 277-670 or email janicebrady@comcast.net