Short answer: Yes. Long answer: Yes, for these reasons. It’s easier. If you have a business credit card and – here’s the key – don’t use it for personal expenses, then you know that everything on that credit card statement is a deductible expense. You don’t have to go back and decide what was business and what was personal. Do … Read More
The fantastic benefits of a Health Savings Account (HSA)
A Health Savings Account (HSA) is an excellent way to pay for medical expenses. But you may not know that in addition to great tax benefits, they can also be used in a number of creative ways to achieve a variety of financial goals. 1. Triple tax benefits: An HSA is the ultimate tax deferred account, combining the advantages of … Read More