Business Tax
- Sole Proprietor
- Hiring spouse can cut your tax bill
- Tax savings come from a medical plan
- By offering family coverage for all employees, you can receive health insurance under your spouse’s policy. If you have no other employees, you don’t incur any extra out-of-pocket cost
- An asset must be ready for business use by year-end to qualify for expensing
- Issuing warrants to shareholders can kill a company’s S corporation status. The warrants are treated as a second class stock, and the firms’ S status is revoked.