Contact Us
Gray Hunter Stenn
Gray Hunter Stenn

October 16, 2017

Which Tax-Advantaged Health Account Should Be Part Of Your Benefits Package?

On October 12, an executive order was signed that, among other things, seeks to expand Health Reimbursement Arrangements (HRAs). HRAs are just one type of tax-advantaged account you can provide your employees to help fund their health care expenses. Also available are Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Which one should you…More

October 9, 2017

Accelerate Your Retirement Savings With A Cash Balance Plan

Business owners may not be able to set aside as much as they’d like in tax-advantaged retirement plans. Typically, they’re older and more highly compensated than their employees, but restrictions on contributions to 401(k) and profit-sharing plans can hamper retirement-planning efforts. One solution may be a cash balance plan. Defined benefit plan with a twist…More

October 3, 2017

Timing Strategies Could Become More Powerful In 2017, Depending On What Happens With Tax Reform

Projecting your business income and expenses for this year and next can allow you to time when you recognize income and incur deductible expenses to your tax advantage. Typically, it’s better to defer tax. This might end up being especially true this year if tax reform legislation is signed into law. Timing strategies for businesses…More

September 25, 2017

2 Ways Spouse-Owned Businesses Can Reduce Their Self-Employment Tax Bill

If you own a profitable, unincorporated business with your spouse, you probably find the high self-employment (SE) tax bills burdensome. An unincorporated business in which both spouses are active is typically treated by the IRS as a partnership owned 50/50 by the spouses. (For simplicity, when we refer to “partnerships,” we’ll include in our definition…More

September 21, 2017

Should Your Business Use Per Diem Rates for Travel Reimbursement?

Updated travel per diem rates go into effect October 1. To simplify recordkeeping, they can be used for reimbursement of ordinary and normal business expenses incurred while employees travel away from home. Per diem advantages As long as employees properly account for their business-travel expenses, reimbursements are generally tax-free to the employees and deductible by…More

September 15, 2017

2017 Q4 Tax Calendar: Key Deadlines for Businesses and Other Employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. October…More

1 2 3 4

request information

GHS is a sophisticated partner that can elevate your tax and accounting performance while offering insight to enhance your business performance. Contact us to discuss your needs.