ACCOUNTANT EXPLAINS: Health Insurance for the Self-Employed скачать в хорошем качестве

ACCOUNTANT EXPLAINS: Health Insurance for the Self-Employed

This is how a self-employed S Corporation should file health insurance on their taxes. I talk about everything you need to know about self-employment health insurance. #SCorporation #HealthInsurance #SmallBusiness #Entrepreneur #TaxDeductions Hey, are you an owner of an S corporation, LLC, sole proprietor, or partnership? Do you have health insurance coverage, an HSA, or long-term care insurance? Well, this video is a must-see. Did you know these benefits need to be reported in a certain way? Depending on your entity type (S-Corp, partnership, etc.) will ultimately dictate how you need to reflect the payments mentioned above. I promise you will be ahead of the game if you check out my video. The new IRS form 7206 for the 2023 tax year is now in effect, so be ahead of the game and understand what you need to be on the lookout for. The IRS consistently adds new reporting each year, which means more scrutiny is coming soon; take advantage of getting caught up and avoiding an audit. Be prepared and have your compliance in check! Thank you for watching; remember our motto, folks, "Your success is our success all day, every day!" In this video, we will explore the benefits of S Corporation health insurance coverage. S Corporations offer unique advantages for small business owners when it comes to providing health insurance for themselves and their employees for the 2024 tax season. From tax benefits to flexibility in coverage options, S Corporation health insurance can be a valuable asset for your business. Join us as we dive into the details and discover why S Corporation health insurance may be the right choice for you. Subscribe to our channel for more insightful videos on small business strategies and financial tips. Stay tuned and learn how you can optimize your health insurance coverage with an S Corporation! Timestamps: 00:00 - Intro 01:24 - Health Insurance for S Corporations 02:00 - Reporting Health Insurance Premiums for S Corp Owners 02:36 - Tax Reporting on W2 Forms 04:00 - Understanding Adjusted Gross Income 05:20 - Instructions for Reporting Health Insurance Premiums 06:54 - New Reporting Form for Self-Employed Individuals 07:38 - Deductions vs. Credits 08:28 - Utilizing Health Savings Accounts (HSAs) 12:42 - Conclusion DISCLAIMER: All Freyman CPA, P.C. videos are provided for general informational purposes only and deal with dynamic, time-sensitive, complex matters that may not apply to particular facts and circumstances. Information provided here should not be relied upon as a substitute for professional advice in connection with any particular matter. We try to ensure accuracy; however, all information provided to you is provided “as is”, with no guarantee of completeness, accuracy, timeliness, or of the results obtained from the use of this information, and without warranty of any kind, express or implied. Any information provided to you is not a substitute for professional legal, tax, or accounting advice. Laws, rules, policies, and regulations change from time to time, and the application and impact of laws can vary widely based on the specific facts involved. Accordingly, you should consult a professional advisor before making any decision or taking any action.