by hello@thatssmartbusiness.com | Oct 5, 2023 | Uncategorized
If you are thinking about offering your employees the new individual coverage health reimbursement arrangement (ICHRA), take a moment to read the insights below. Class size rule. You face the class size rule only if you offer a traditional group health plan to...
by hello@thatssmartbusiness.com | Sep 11, 2023 | Uncategorized
If you are thinking about offering your employees the new individual coverage health reimbursement arrangement (ICHRA), take a moment to read the insights below. Class size rule. You face the class size rule only if you offer a traditional group health plan to...
by hello@thatssmartbusiness.com | Sep 6, 2023 | Uncategorized
The distinction between repair expenses and improvement costs can impact your tax benefits. The tax law categorizes repair and improvement costs differently. Repair expenses are generally more beneficial for tax purposes, providing greater after-tax cash value...
by hello@thatssmartbusiness.com | Aug 26, 2023 | Uncategorized
If you own your own business and operate as a proprietorship or partnership (wherein your spouse is not a partner), one of the smartest tax moves you can make is hiring your spouse to work as your employee. But the tax savings may be a mirage if you don’t pay...
by hello@thatssmartbusiness.com | Aug 12, 2023 | Uncategorized
Here’s some crucial information on how to document expenses during business travel. Corporation or proprietorship? If you operate as a corporation, the corporation should reimburse you for the travel expenses or pay for them directly. Remember, you can’t deduct...
by hello@thatssmartbusiness.com | Aug 7, 2023 | Uncategorized
I am writing today to bring to your attention a crucial aspect of business tax deductions: mileage logs. In most court cases, taxpayers lose vehicle expense deductions because they cannot present a credible business mileage log. The IRS code forbids deductions...
