Tax Resources

Benefits of Implementing a Medical Expense Reimbursement Plan (MERP)

Heath care costs have risen at an alarming rate over the past several years. There is perhaps no one that’s been hit harder in this regard than small businesses. It’s difficult for a small business owner to cover their own health care costs, yet alone those of their employees.

Fortunately, there are some ways you can help contain your costs, and help out your employees as well: a Medical Expense Reimbursement Plan (also known as a “MERP”). While it doesn’t take all of the sting out of rising costs, it does provide you with a tax-free way to pay for medical expenses.

Here are some of the basics about the medical … Read more →

Tax strategies are an important part of any business’ operations. If you’re smart about it, you’ll consider your tax situation throughout the year, rather than just at tax time. There are a number of concerns you can and should address during the course of the year, such as quarterly tax payments, purchase decisions, and more.

One of the best ways to keep on top of your tax strategies and to increase your tax savings is to meet with your tax professional during the year.

Here are some reasons why you should consider checking in with your tax adviser to discuss tax strategies at least quarterly:

•Mid-year tax strategies checkups let you know whether you may be looking at a net … Read more →

Updating Your Small Business Plan

A solid, focused, well-written business plan is about more than simply securing funding when you’re first starting a business. With the right small business plan, you have a map of the future. You have in-depth directions on how to get your business from where it is today to where you want it to be.

Yet, as any small business owner can tell you, things change. The market might experience some upheaval, and so you adjust your business strategy on the fly. After a couple of years, your small business plan might be rather irrelevant to what you’re actually doing on a day-to-day basis.

To take advantage of the benefits a small business plan offers, you … Read more →

Get more information 888-5-TAXPLAN | Contact