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Focus on Money: Help Your Clients Owe Less to the IRS this Tax Season

I am very excited to share tax strategies with you all in this episode. I interviewed Todd from TASC to discuss how business owners can benefit from opening up an account this year.

This episode discusses what types of small business owners can qualify for and what healthcare expenses you may need to start tracking for reimbursement.

The “HRA” is a Health Reimbursement Account under IRS section 105. It is a way for small self-employed business owners to take 100% of their family’s medical expenses,

At a high level, what qualifies?

-Health Insurance
-Other supplemental insurance
-Medicare expenses
-Vision Insurance
-Out-of-Pocket Expenses
-Term Life Expenses up to $50k
-Long-Term Care Insurance premiums
-Misc to include cold remedies, aspirin, etc.

Todd frequently speaks with these associations to discuss the benefits of this account.

· NATP ( National Association of Tax Professionals)
· NSA (National Society of Accountants)
· NSTP (National Association of Tax Professionals)
· NAEA (National Association of Enrolled Agents)
· NCPE (National Continuing Professional Education)
· Western CPE
· NAIFA(National Association of Independent Financial Advisors)
· Back to Basics Tax Seminars
· Gear Up tax – Checkpoint learning Thompson Reuters
· Spidell – Caltax
· Arizona Society of CPA’s
· LAT Seminars

Contact information to book your consultation with Todd:
Direct Line: 608-268-8875
[email protected]

For the 2021 Year End Reports and EVERYTHING you need for AgriPlan and BizPlan HRA:
Check out our website at http:\
TASC COVID-19 resource pages. Keeping our customers and partners up-to-date:
TASC Responds Website:
TASC Capital Connection Blog: TASC Capital Connection

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Focus on Money: Help Your Clients Owe Less to the IRS this Tax Season



Transcript unvailable at this time.