Posts Tagged ‘small business tax deductions’
Triple Tax Advantages: Reimburse Employee-Spouse for Health Insurance
If you are self-employed or a single-member limited liability company (LLC) taxed as a proprietorship and your spouse is your only eligible employee: Your business can reimburse your employee-spouse for the cost of health insurance, whether purchased through a public health insurance exchange or an insurance company. Your health insurance reimbursement to your employee-spouse works…
Read MoreMaximize Tax Savings: Deduct Heavy Vehicles & Home Offices in 2025
As a small-business owner, you can set yourself up for some generous tax breaks by knowing a few vehicle and home-office deduction rules. And if you operate as other than a C corporation, you will realize the tax breaks on your personal tax return. If you operate as a C corporation, the C corporation gets…
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