
What is Form 8962?
To effectively navigate the complex world of tax filing, it's important to have a comprehensive understanding of the various forms and requirements the IRS requ …

How to report employer-sponsored health benefits on Form W-2
Offering health benefits as part of your compensation package is an excellent way to attract and retain employees. Employers that offer health benefits need to …

What is a Schedule K-1?
There are many requirements and tax obligations for business owners, and small businesses are no exception. Every business must report its income to the Interna …

The ICHRA and premium tax credits: what are the rules?
Editors note: We updated this article in September 2024 to include the latest ICHRA affordability numbers for 2025. Employees participating in an individual cov …

How fringe benefits work for different types of business owners
Many business owners whose companies offer fringe benefits ask, “Can I participate in my organization's fringe benefits programs?”

W-2 reporting requirements for QSEHRA benefits
Ever since the 21st Century Cures Act introduced the qualified small employer health reimbursement arrangement (QSEHRA) in 2017, many small employers have had q …

Is employee mileage reimbursement taxable?
If your organization requires business travel and you don’t have the budget to provide company cars, you can reimburse your employees for the miles they travel …

How S-corp owners can deduct health insurance
Choosing an S-corporation to form your business comes with several impressive tax advantages. You don’t pay corporate income taxes, and your social security and …

Tax-Free Fringe Benefits: The Key to Employee Retention
Note: This is a guest post from our friends at Larry L. Bertsch, CPA & Associates, a Las Vegas–area firm operating since 2003.