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Corporate Tax Return Prep

Corporate Tax Return Prep

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Archives for November 2020

There is More to Deducting Health Insurance than Meets the Eye

November 18, 2020 by Alex Franch, BS EA

Health insurance premiums, especially in the wake of the Affordable Care Act, have risen dramatically and are one of the greatest expenses that most individuals pay. Although the cost of health insurance is allowed as part of an individual’s medical deductions when itemizing deductions, only the amount of total medical expenses that exceeds 7.5% of […]

Filed Under: Business Expense, Deductions, Tax Planning Tagged With: health insurance, living trust

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12 Financial Metrics Small Business Owners Should Track

November 4, 2020 by Alex Franch, BS EA

Operating a small business is an exhilarating and, at times, overwhelming endeavor. There are so many details to keep track of that it’s easy to forget about the nuts and bolts of your organization’s finances – especially if you didn’t start out as a “numbers person.” Whether you’re the one who is assembling your financial […]

Filed Under: business, Business Expense, small business Tagged With: budget, financial metrics, P&L, profit and loss

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