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S Corporation Owner Insurance 101

RENT YOUR HOME TO YOUR CORPORATION

Rent Your Home to Your Corporation – Corporations are one of those funny structures that make you wonder if you’re living in another dimension. The corporation is a separate entity from you, but tax benefits pass through the corporation to your advantage. For a sole owner of an S corporation, or partnership, the lines between individual […]

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MEDICAL REIMBURSEMENT PLANS AND HRA’S

MEDICAL REIMBURSEMENT PLANS AND HRA’S – The Affordable Care Act (ACA) does not apply to a business that has only one employee.  This opens the door (likely regardless of what lawmakers do with the ACA) for what we are going to call the 105-HRA. We created this name from its two predecessors: The Section 105 medical […]

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PPP-2 “Second Draw” Forgivable Loans

  PPP-2 “SECOND DRAW” FORGIVABLE LOANS – Tips for keeping for qualifying   If you received an initial Payroll Protection Program loan, you can qualify for a second round (called a “second draw”) of PPP tax-free money.   To qualify for the second-draw PPP money, you must have 300 or fewer employees; have suffered a 25 percent […]

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