How will the Affordable Care Act effect my small business? Are these benefits deductible from my small business?
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Health insurance premiums paid by your business are a deductible business expense. However, if you are a 2% shareholder-employee in your corporation, your portion of the premium will be added to your W-2 box 1 income. Other expenses paid under the ACA will be deductible. Also look for tax credits for your business.Leave a Comment 424 weeks ago