A new Small Business Administration study released today found that when the deductibility of health insurance premiums is increased, the survival of self employed businesses increases.

Well, duh!

Anything that puts dollars on the bottom line of a solo business is going to increase the odds of success. And they needed a study to confirm that? Jeesh.

Solo entrepreneurs (in the US) that can legitimately employ their spouse at least part-time can do even better — deduct their premiums AND medical expenses — through a tax “feature” known as section 105. Here’s a chance for little companies to finally get the breaks usually reserved for the “big boys”!

Tags: [medicalreimbursementplan],[self-employed],[taxes]

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This entry was posted on Tuesday, April 4th, 2006 at 9:25 pm and is filed under Solo and Home Business News, Self Employment Law, Accounting/Bookkeeping. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.