As you decide on your business structure, you’re probably considering each type’s legal and financial protections. It’s unlikely you’re thinking about the tax implications of your healthcare costs. That’s where the S corporation business tax structure can surprise many business owners.
Business owners start corporations to insulate themselves from their company’s debts. Some corporations can elect S corporation taxation to avoid the double taxation that comes with traditional C corporations.
S corporations further advantage owners involved in management because they can pay themselves in dividends after a reasonable salary. Dividends are subject to federal and state income tax but not payroll taxes.
But the S corporation waters muddy when it comes to providing owners with health insurance benefits. Follow our guide to achieve the maximum tax advantage for S corporation owners’ health insurance.
How do health
Express News Service
It is amazing to see the kind of risk that people take with medical insurance! Or rather the kind of insurance that people take! Let me enumerate them… I know of couples who gave up their own medical insurance when their son / daughter joined a big company which covered them. Now the son/daughter have left that job and have zero insurance. His age is 73 and she is 69. Both of them have some complications and are uninsurable.
I know of people who have taken a lot of cancer cover – but not enough medical insurance. How is one to know that one will not have other problems – like Covid-19, liver failure, kidney failure, etc.? A general big insurance is much better than Cancer cover. Not knowing how to buy medical insurance – people go and buy a big (its relative, is it not?) People
Art is an immense and relative term, making it either a dream or a nightmare for those attempting to navigate it on a buyer’s level. Regardless of if you’re deciding where to hang a print, debating whether or not to pull the trigger on a first acquisition, or still wondering where the hell to even start your search, the artwork-purchasing process can feel like a tremendous endeavor — but, you don’t need to feel intimidated by it. We tapped experts across the online art-space to break down any stigmas still surrounding researching, buying, and home-styling quality pieces as beginners on a budget.
We’ve come a long way from an art world that once felt accessible to insiders only; today the influx of online galleries allows both buyers and artists all around the globe to seamlessly connect across a multitude of mediums, styles, and price points. Ahead, the stylists, curators, editorial
By Leika Kihara
TOKYO (Reuters) – Big data is providing some surprising results for the Bank of Japan and helping ease concerns about pressure on the economy during the coronavirus pandemic, which could influence the way the BOJ manages the world’s most radical monetary stimulus.
By tapping data provided by Google showing people’s movement via mobile phones, the BOJ found that households’ discretionary spending rebounded faster and more vividly in Japan than in other countries after lockdown steps were lifted in May.
Other big data also showed a marked rebound in durable goods sales such as personal computers, which offset some of the weakness in spending on services including leisure, eating-out and travel.
The revelation helped convince BOJ policymakers to conclude the economy has past the worst and did not need immediate, additional monetary support.
“We expect the economy to recover gradually and steadily,” BOJ Governor Haruhiko Kuroda said after
In Refinery29’s new Talking Shop series, we’re chatting with owners of up-and-coming small businesses about their experiences launching, the big challenges and wins they’ve faced, and of course, their products and services. Discover new spots to patronize, while getting an intimate look at what it takes to run a small business in today’s economy. Do you run a small business or do you want to recommend a small business you’d like to see featured on Talking Shop? Tell us more about it here.
When the coronavirus pandemic started ravaging small businesses and endangering workers across the country, many consumers began looking more critically at where they were shopping. Is this company treating its employees humanely? Are the products being sourced ethically? How will my money be used? Even more recently, with Black Lives Matter protests happening across the country, those same consumers doubled down on their scrutiny of the
As Latin America braces for another wave of coronavirus infections that threaten to bring down healthcare systems, the region’s innovators have been making strategic moves to fortify their business interests while simultaneously providing services that directly assist those most impacted by the pandemic.
The month of June kicked off with the World Health Organization declaring Latin America and the Caribbean as the new epicenter of the coronavirus, with 938,000 cases documented by June 1st.
That number would only increase throughout the month, with today the region accounting for 50% of all cases in the Americas.
Against the surge in cases and WHO officials’ concerns about rapidly spreading coronavirus outbreaks in the Americas, the tech sector has continued to find new and innovative ways to not only ride out the storm, but to flourish with new offerings, expansions, and partnerships to meet the evolving needs of those they
As the Trump administration pushes full steam ahead to force schools to resume in-person education, public health experts warn that a one-size-fits-all reopening could drive infection and death rates even higher.
They’re urging a more cautious approach, which many local governments and school districts are already pursuing.
There are too many uncertainties and variables, they say, for back-to-school to be back-to-normal.
Where is the virus spreading rapidly? Do students live with aged grandparents? Do teachers have high-risk health conditions that would make online teaching safest? Do infected children easily spread COVID-19 to each other and to adults?
Regarding the latter, some evidence suggests they don’t, but a big government study aims to find better proof. Results won’t be available before the fall, and some schools are slated to reopen in just a few weeks.
“These are complicated issues. You can’t just charge straight ahead,” Dr. Tom Frieden, former director of
For many, the lockdown was a chance to get in the garden and start growing flowers, plants, vegetables and other foliage.
The Independent recently reported on a survey of 2,000 people, conducted by LV General Insurance in June, that found millennials have spent twice as much on their gardens then other people during lockdown.
As the weather got warmer, but lockdown rumbled on, months on end staying at home became the perfect time to dedicate to cultivating your own green space.
We’re currently well into summer (despite what it looks like outside), and while the sunny skies you may have been hoping for are as unreliable as ever, if you are looking to get into gardening, or improve what you’ve learnt so far, now is a great
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Don’t you just love the summer holidays? We mean, the shopping holidays, of course. The Fourth of July brought us fireworks-worthy blowout sales, and now the annual Nordstrom Anniversary Sale is on its way!
Here’s everything you need to know to score deeper discounts than ever:
When is the 2020 Nordstrom Anniversary Sale?
The sale runs in two phases:
• All Nordstrom cardmembers can shop Early Access starting August 13. And depending on your Nordy Club status, you could be able to shop even earlier.
• The public sale begins online August 19 at 9:30 a.m. ET / 6:30 a.m. PT.
• The sale lasts through August 30.
• Enjoy FREE SHIPPING and FREE
Making money by doing what you love might not be as complicated as you think.
If you have a book, movie, comic, podcast, class, craft or any other creative project you want to share with the world, you can put it up for sale in about five minutes with Gumroad, an online platform that lets artists, writers and other makers sell their projects.
However, before you dive into Gumroad, know that creating a product is one thing, but actually making sales takes time, effort and know-how.
How to Use Gumroad
This guide will lay out the steps you’ll need to follow to start making money with Gumroad.
1. Make Something
Gumroad is a marketplace — it’s only worth using if you have something to sell.
There’s no reason to let that discourage you, though! A wide range of products are on offer on Gumroad, including movies, books, music and courses.