Employee benefits attorney, Liam Healy, presented to the Michigan Association of CPAs, on tax and health insurance matters for small businesses.
Liam, along with David Holmes from Altruis Benefit Consulting, discussed how a small business or sole proprietor can determine which Health Reimbursement Arrangement (HRA) is optimal for their situation. Factors to consider in this decision include business entity type, number of employees, and who is to be reimbursed. Also covered were the benefits of two popular plans: One-Person Sec. 105 HRA and Quality Small Employer Health Reimbursement Arrangement (QSEHRA). They also uncovered plan characteristics, plan strategies and tax consequences.
Liam K. Healy helps clients maintain compliance with the myriad of state and federal tax laws and regulations that govern individuals and businesses. His broad range of experience is in business law and business tax matters. Liam’s experience includes: choice and formation of business entities, partnership and shareholder agreements, buy sell agreements, franchise agreements, mergers and acquisitions, business succession planning, real estate, tax free exchanges, non-profit organizations and tax audits. Liam counsels business owner clients through every stage, from formation to the sale of the business.
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