Your year-end tax planning doesn’t have to be hard. I have outlined below five strategies that will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash. Prepaying your 2019 expenses right now reduces your taxes this year, without question. While it’s true you kicked the…
Here we are, in the middle of football season, and no matter if you love the sport, hate the sport, or fall somewhere in the middle, there’s no denying one thing: watch a close game from a well-coached team, and when the fourth quarter starts, you’ll see players on the sidelines holding up four fingers…
This month, we’ve spent a lot of time developing the ideas of entrepreneurship versus small business ownership and I wanted to ask you to play a little game with me for the next two weeks. It’s really simple and won’t take more than a few minutes each day to do. I want you to track…
Employer-provided health benefits are changing in America, especially for small businesses. Group healthcare costs continue to rise. Annual premiums for group policies have increased over 180 percent in the last 15 years, with the average coverage cost per family expected to reach $20,000 by 2016. As such, many employers have stopped providing group healthcare policies…
Frequent readers are familiar with the fact that many analysts believe health-care reform will drive businesses to drop medical benefits for their employees. The argument is that it will be a better financial deal for staff to acquire insurance on the Marketplace than for the employer to continue to pay for coverage. This is because…
At renewal time this year, many small businesses will face sticker shock at the new rate hikes for group health insurance in 2015. Many small businesses are seeking cost-mitigation strategies to deal with the premium increases this year. A popular solution among small and medium-sized businesses is switching employees to individual health insurance and reimbursing…
As an entrepreneur and small business owner for most of my life. I understand the challenges involved with being self-employed. The new ACA (Obamacare) has called a whole new challenge for small business owners. That challenge is is called “out-of-pocket expenses” this is great story by Amanda Glassman. Give us call if you like to…