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Vow to cut company health care costs

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in Small Business Tax,Small Business Tax Deduction Strategies

Health insurance costs continue to skyrocket without any end in sight. As a result, companies both large and small are exploring alternate means to cover their employees.

What's the best cost-cutting "marriage" for your company? The answer will vary depending on your needs and circumstances. In this issue, we present you with several options ...something old, something new, something borrowed and something blue.

Something old: Rev up your tax savings through a VEBA

A VEBA may sound like some kind of foreign sports car, but it's nothing of the sort. It stands for Voluntary Employee Beneficiary Association (VEBA). This little- known entity, which received a big tax boost from the Tax Reform Act of 1986, is making a comeback decades later, especially among family-owned operations.

If properly handled, a VEBA can reduce taxes for any business, including C corporations, S corporations, partnerships, limited li...(register to read more)

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