All small-business owners with one to 49 employees should have a medical plan for their business.
As you likely know, when you have 49 or fewer employees, the tax law does not require you to have a medical plan for employees, but you should.
Most of the tax rules that apply to medical plans are straightforward when you have fewer than 50 employees.
And then, when you have your spouse as your only employee in a proprietorship, there’s that great rule that enables the 105-HRA family medical plan that’s exempt from the Affordable Care Act.
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.
Big Picture
Here are the six opportunities we will explain in this article:
1.
Amend your 2021 tax return to claim for yourself and your employees up to $32,220 in federal tax credits per person for the emergency sick leave payments and emergency family leave payments you made back in 2021.
2.
Reimburse your 2024 Section ... Log in to view full article.
