Benefits: HRAs for Small Businesses
Navigating the tax scene can be confusing for small business owners. The last decade has seen a lot of changes in the health insurance and tax sectors. How can you know what is right for you and your business? What Is an HRA? An HRA is a Health Reimbursement Account or Health Reimbursement […]
Single Member LLC and Profit Distribution – Foster Financial
Have you ever thought of how you can take distributions out of a Limited Liability Company? Well, it’s not as difficult as it may sound. The tax election that the company makes with the Internal Revenue Service (IRS) defines how you take profits out of an LLC. The benefits distributed are not salaries. Instead, the salary […]