Have you ever wondered what type of health care expenses are tax-deductible as a small business owner? In this episode, Danielle simplifies the process of deducting health care costs, helping business owners save money on taxes and run their businesses more strategically. Tune in to learn the essentials of optimizing your tax deductions and managing your business like a CEO.
Topics Discussed:
Intro (0:00)
Out of Pocket Medical Costs (1:36)
Health Insurance Premiums for Business Owners and Accountability Plan (2:59)
Paying Insurance Premiums and Tax Deductions for S Corps (4:31)
Money Mindset Mastery Framework (8:49)
Who Should Pay The Premiums & Under Whose Name Should the Policy Be? (9:51)
Paying for Insurance Group Plan & Employee’s Insurance (11:59)
HSA: Tax-Saving Tool for S Corps & Investing (12:21)
Keep Good Records & Communicate with Your Money Team (15:50)
Need help with your tax deductions? visit:
https://kickstartaccountinginc.com/get-started/
Unsure how to pay yourself a reasonable compensation?
https://kickstartaccountinginc.com/reasonable-comp
Connect with Danielle:
Instagram | @Daniellehayden__OH
Instagram | @Kickstartaccounting
Website | Kickstart Accounting, Inc.
Facebook | Kickstart Accounting, Inc.
Get Started Today: https://kickstartaccountinginc.com/get-started
