By month: April 2010
How You, the Small-Business Owner, Can Cash In with Tax Credits for Health Insurance on Employees
Tax credits are a true incentive for the business owner. They reduce taxes dollar for dollar. Now, you have waiting for you a hefty 35 percent tax credit on small-business health insurance coverage for employees. Here are the rules you need to know.
Don’t Let the New 2010 Luxury Vehicle Depreciation Limits Hurt Your Deductions
Luxury limits on passenger automobiles and light trucks and vans produce planning benefits at the back end. If you want to beat the luxury limits, you have to buy a vehicle that’s exempt from the luxury limits.
How the New Health Care Law Treats You, the Owner of a Small Business
The new health care law grants a nice tax credit to business owners who cover their employees. How about the owners themselves? Lawmakers did them no favors, but one group of proprietors might catch a break.
New Health Care Law Makes Cash Gift to You with Deductions for Children Under Age 27
For business owners who have children ages 22, 23, 24, 25, and 26, the new health care bill contains a healthy break, and perhaps even better than that. Amend Section 105 plans now for this new provision. Download your sample plan from this article.
How Much Does the New Health Care Law Cost You?
Most of this issue explains how you pocket money from the new health care tax credits. That’s nice. But you have to ask, who is paying for my tax credits?