All small-business owners with one to 49 employees should have a medical plan in their business.
Sure, the tax law does not require you to have a plan, but you should.
Most of the tax rules that apply to medical plans are straightforward when you have fewer than 50 employees.
And then there’s a great rule if you have your spouse as your only employee in a proprietorship.
Take a few minutes to review the six medical plan strategies in this article. You could find some big money sitting on the table waiting for you.
Here are the six opportunities we will explain in this article:
Claim the federal tax credit equal to 100 percent of required emergency sick leave and emergency family leave payments made pursuant to the Families First Coronavirus Response Act (FFCRA).
Reimburse your 2020 Section ... Log in to view full article.