A health spending account is a private health service plan that offers the reimbursement of a wide range of qualifying medical expenses provided by a medical practitioner or pharmacist. The account is flexible, as it can be set up as a stand-alone plan or it can supplement an existing group or personal health insurance plan. The flexibility of the account and the ability to take personal expenses and make them into a corporate deduction makes an HSA an attractive benefit…
Author: levinefinancial
Fall Tax Clean up
As we make our way through the fall season, one area we noted physicians have been “cleaning up” is their taxes and terminal planning. First, we help you understand what happens to your estate when you pass away and then how to redirect assets through your medicine professional corporation tax free. WHAT HAPPENS TO YOUR ASSETS WHEN YOU PASS AWAY? Upon death, you are deemed to have disposed of assets at their market value at the time of death. The…