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92% owner of S-corporation who also is 100% owner of LLC
92% owner of S-corporation who also is 100% owner of LLC entity. S-corporation has 401K established for the owner. Can LLC also open SEP for the purposes of minimizing taxes?… read more
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I have an S-Corp which I am 100% Shareholder. My spouse is
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I am a small business owner with 1 employee and have a solo
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I live in California. I do not own any property nor do I
I live in California. I do not own any property nor do I have any significant (other than 401kamf HSA/FSA$ investment activity planned for 2016. I'm trying to limit my tax exposure and optimize my ret… read more
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I have a small business LLC, S election and I have adopted a
I have a small business LLC, S election and I have adopted a solo 401K plan which has a profit sharing/Match options as well as a Roth component. what is the minimum compensation i need to pay myself … read more
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, I am due a $50K bonus from work. I asked my employer if
Hi, I am due a $50K bonus from work. I asked my employer if he can deposit $25K into my 401K as an employer contribution and the remaining $25K as a salary. This way I will be able to deferred tax pay… read more
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Hi Lev, Question yesterday about Corp paying managers health
Hi Lev, Question yesterday about Corp paying managers health insurance. you stated the health insurance amount must be included in manager's wages. Could the Corp pay into an HSA for the manager and t… read more
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A client has a Section 125 plan. They also offer Health Savings
A client has a Section 125 plan. They also offer Health Savings Accounts. I need to know if they are subject to Comparability rules, as their 125 Plan does NOT allow employees to take cash in lieu of … read more
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Hi Lev...its been awhile since we talked about SE401K...back
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if a corporation reimburses employees for health insurance
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PDtax
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My payroll W-2 income is just below the 401k HCE dollar limit.
My payroll W-2 income is just below the 401k HCE dollar limit. My employer went to a high deductible medical plan with a $2,500 deductible. They set up an HSA for employees and contributed $2500 into … read more
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My partner and I own and run 2 ice cream stores under 2 separate
My partner and I own and run 2 ice cream stores under 2 separate S corporations. Each of us earns $2000 monthly salary from each store (ie total salary/person from both stores is $4000) as small busin… read more
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Are employee HSA contributions taxable for social security?
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C Corp HRA Question - I am the 100% owner of a small C Corp. - My
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Is it legal to pay a person a small salary to pay taxes and
Is it legal to pay a person a small salary to pay taxes and the rest of the money going into a 401(k)?… read more
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