Abacus CPAs, LLC’s Post

If you are an employee and use your own money to buy things you need for your job you can sometimes claim tax relief for the associated costs. Usually, it is only possible to claim tax relief for the cost of items used solely for your work. #ReclaimingTravelCosts #CarExpenses

Two types of accounts can help you pay for medical costs and have tax benefits, but there are pros and cons to each. Understand your options: 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐒𝐩𝐞𝐧𝐝𝐢𝐧𝐠 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 (𝐅𝐒𝐀):   - Only available through Employers - Non-portable; accounts can't be moved if switching jobs - "Use it or Lose it" deadlines - Funds set aside pretax 𝐇𝐞𝐚𝐥𝐭𝐡 𝐒𝐚𝐯𝐢𝐧𝐠𝐬 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 (𝐇𝐒𝐀):  - Available through employer or outside, but only available when paired with certain health plans with high deductibles - Higher contribution limits, no spending deadlines - Portable; accounts move with employee - Funds set aside pretax, interest & investment gains are tax free if money is spent on eligible medical care #EmployeeBenefits #EmployeeWellbeing

I would love to share with all of the Physicians as to what you could be eligible to receive provided you had practices with W2 employees during the pandemic! BUSINESS OWNERS CAN I HAVE YOUR ATTENTION PLEASE.... I have something to share if you are a business owner and was able to push through the Pandemic! If you experienced any type of loss in Revenue expansion or limited resources to allow you to maintain your daily operations, we need to chat as I can share that you may be eligible to receive Millions** to help resurrect your business ! Want to know more please reach out to me ... This is an opportunity that any Business Owner experienced loss or delay during the Pandemic! This is an extreme blessing and I want all to know that the Government has this for ALL. #TrueFacts as I also was able to receive which allowed me to pay the loans I took out during the Pandemic so I could pay my nurses exceptional wages and provide nurses to save so many lives during the Pandemic Pamelas List RN Angels were there and we are so blessed to have played a huge part during such a crisis time! Now this is not only for Medical Staffing this is for all industries that were an Operating or Reduced Business during the Pandemic... I will get you with the Experts that know exactly what you deserve! Do not wait as this door for this ERC = Employee Retention Credit will end soon! The ERC is a federal tax credit available to eligible employers who have experienced a significant decline in revenue or were fully or partially suspended due to the COVID-19 pandemic. It is designed to encourage businesses to keep their employees on payroll. The credit is calculated based on qualified wages and can provide financial relief to businesses. Requirement must have had W2 Payroll during the Pandemic! All Industries are accepted. CEO Pamela Paulson AKA -P Lynn Paulson Celebrating 7 Years and still ELEVATING each day! #ceo #tax #business #opportunity #medical #staffing #businessowners #covid

Making tax savings intuitive and accessible. Excited to share what we've been crafting at Pazcare - Pazcard🚀 #Pazcard #flexiblebenefitsplan #fbp #taxsavingbenefits #employeebenefits We’ve been building something for months that helps employers provide tax-saving benefits to their employees. And here we are today! Pazcard is designed to help employees save money on taxes 💰 Pazcard is all about empowering your employees to take control of their tax-saving components - Food, Fuel, Gifting, L&D, Telecom and other allowances. ✅As an HR/people leader, it's a chance for you to make an impact by giving a benefit that makes a real difference in every employee's paycheck It’s not just about money saved, It’s about empowering employees to make the most of their earnings ✨ ------ 100+ businesses already use Pazcard to help their employees save taxes. Schedule a demo today to empower your employees with tax-saving benefits. https://lnkd.in/d4bP8rp8 P.S . Know an HR or People Manager who might find this beneficial? Pazcare Sanchit Malik Manish Mishra Sourav Mahato Avilasha Satpathy

Between January and March of this year, we've referred 52 doctors to financial experts. Financial advisors and planners play a crucial role in adding holistic value for our doctors. We partner with financial advisors, who have doctors as clients, and we help their doctors improve their compensation, schedule, support, and benefits. When doctors negotiate higher salaries, financial advisors get to showcase their expertise by helping doctors manage their increased wealth. Additionally, when doctors have more discretionary income, they look to their financial advisor for opportunities to invest and save, which further benefits financial advisors. Working with financial advisors is a win-win partnership that allows us to add tremendous value for the doctors we serve. #financialadvisor #financeexpert

Unlock Major Tax Savings with a Simple Strategy! Attention business owners! Did you know you can transform your personal medical expenses into business deductions and save thousands on taxes? Introducing the 105-Health Reimbursement Arrangement (105-HRA) — perfect for businesses with just one employee, like your spouse. Here’s how it works: Single Employee: Your business must have only one employee. Business Type: Qualify if you’re a Proprietorship, Partnership, Real Estate Rental, Farm Business, or C Corporation. By employing your spouse and implementing a 105-HRA, you can reimburse all medical expenses, including health insurance premiums and out-of-pocket costs. These reimbursements become tax-deductible business expenses, potentially saving you thousands annually. For example, one business owner saved over $10,000 by reimbursing $22,000 in medical expenses! Benefits: Tax deductions that reduce self-employment, federal, and state income taxes. Proper documentation of your spouse’s employment status. Reimbursement process through well-documented business transactions. Don’t miss out on this incredible opportunity! Call us at 860-490-9741 to learn how the 105-HRA can benefit your business today! #TaxSavings #SmallBusiness #TaxTips #BusinessOwner #105HRA #MedicalExpenses #FinancialPlanning

Between January and March of this year, we've referred 52 doctors to financial experts. Financial advisors and planners play a crucial role in adding holistic value for our doctors. We partner with financial advisors, who have doctors as clients, and we help their doctors improve their compensation, schedule, support, and benefits. When doctors negotiate higher salaries, financial advisors get to showcase their expertise by helping doctors manage their increased wealth. Additionally, when doctors have more discretionary income, they look to their financial advisor for opportunities to invest and save, which further benefits financial advisors. Working with financial advisors is a win-win partnership that allows us to add tremendous value for the doctors we serve. #financialadvisor #financeexpert

ACA thumbs up for surplus flexibility, thumbs down for aspects of public consolidator In our response to the DWP Options for Defined Benefit schemes consultation we are supportive of the greater flexibility to allow surplus refunds but we pour cold water on some of the wider aspects sought for a public sector consolidator. More details here ACA responds to Options for DB Schemes consultation – ACA – Association of Consulting Actuaries

Assets such as computers, televisions and bicycles that are made available to employees can create certain tax, National Insurance and reporting obligations. There is no requirement to report anything to HMRC if the asset is office equipment only used for business use. Assets that are made available as part of a salary sacrifice arrangement will usually need to be reported to HMRC. #Tax #EmployeeBenefits

Myths about ERTC Credit? Let's bust them together! Many businesses miss out on the Employee Retention Tax Credit due to misconceptions about eligibility. Don't let doubts hinder your success. Whether it's thousands or millions, your business might be entitled to substantial funding, and we at Calta Marketing are dedicated to helping you claim it. Our expertise? Turning complexities into opportunities. 📈 If you've hesitated before, it's time to take the next step. Contact us at Calta Marketing; we're more than ready to assist you in exploring your full potential. Don't leave money on the table; let's navigate the ERTC Credit together! 💼🌐 #caltamarketing #digitalmarketingservices #digitalmarketing #facebookads #facebookmarketing #instagramadvertising #googleads #seo #searchengineoptimization #guarantee #guaranteedresults #emailmarketing #websitedevelopment #socialmediamanagement #healthcarebenefits #healthcareprograms #affordablehealthcare #merchantservicesprovider #performancebased #resultsdriven #revenuebasedfunding #caltapayments #caltahealthcare #linkedinadvertising #caltatravel #searchboxoptimization #vacationincentiveprogram #employeeretentiontaxcredit #tax #taxcredit #healthcarebenefits #workerbenefits #LocalServiceAds #Saatchi