It is a common fact that small business owners do not realize some of the same tax advantages as corporate employers. They miss out on considerable savings with respect to the treatment of health costs. Section 105 of the Internal Revenue Code allows a self-employed individual to become eligible for a medical reimbursement plan. Medical reimbursement plans save substantial tax dollars annually by allowing 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. 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: 425-681-1715 or email janicebrady@comcast.net
