S Corporation: Health Insurance Mistakes

8/26/2019

If you own more than 2 percent of an S corporation and your company pay health care benefits there are laws that dictates your claim to a deduction for health insurance.

We call like to call these laws the three-step health-insurance procedure, and there are tax laws and rules that we must follow in order to Maximize your deduction claims.

You need to get this S corporation health-insurance thing right. there are laws that will prevent the S corporation from taking the tax deduction.

Book Your Business Consultation with us, we will explore various strategies to help keep more money in your pocket.

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Spencer Accounting Group, LLC does not provide investment, tax, legal, or retirement advice or recommendations in these blogs. The information presented here is not specific to any individual's personal circumstances.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable — we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

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Keana Spencer is an Accountant, Entrepreneur, and Educator to her clients, with a strong passion. Keana has over 10 years of experience and through her practice, she is a source of knowledge and strategies to her clients.

Keana founded this website and decided and created this blog page to offer a space for those seeking knowledge to understand, however not to be confused with advice or planning strategies.

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