Douglas N Rice CPA,PA

As a small business owner, managing health care costs for yourself and your employees is challenging. So you may want to provide some benefits through an employer-sponsored Health Savings Account (HSA). For eligible individuals, HSAs are a tax-advantaged way to set aside funds (or have their employers do so) to meet medical needs. An eligible employee must be covered by a “high deductible health plan.” For 2025, a high-deductible health plan has an annual deductible of at least $1,650 for self-only coverage, or $3,300 for family coverage. For self-only coverage, the 2025 limit on deductible contributions is $4,300. For family coverage, the 2025 limit on deductible contributions is $8,550. Contact us. 305-860-9910

Business-related meal deductions can be valuable, but the rules can be complex. Under current law, your business can’t deduct most entertainment expenses. For example, you can’t deduct any part of the cost of taking clients out for a round of golf. You can still generally deduct 50% of the cost of food and beverages when they’re business-related or consumed during business-related entertainment. In a handful of cases, you can deduct more. For example, you can deduct 100% of food, beverage and entertainment costs incurred for recreational, social, or similar activities that primarily benefit all employees (for example, at a company holiday party). Contact us if you want more information. 305-860-9910

Does your company operate in the business-to-business (B2B) marketplace? If so, your marketing initiatives must reach the companies you serve and speak to the right people at those organizations. To accomplish this, you’ve got to choose the right channels. For example, well-written and optimally distributed press releases remain a viable way to announce new products and services or other big news. You (or qualified employees) can also write bylined articles for industry publications. And then there’s digital marketing. Devise a strategy to regularly push out quality content on your optimal channels. These may include your website, blogs, one or more social media platforms, or podcasts. Contact us. 305-860-9910

Employee stock options are a potentially valuable asset for employees who receive them. If you’re one of them, you’ll eventually sell shares acquired by exercising nonqualified stock options (NQSOs), hopefully for a nice profit. Your objectives should be to 1) have most or all of the profit taxed at lower long-term capital gain rates and 2) postpone paying taxes for as long as possible. When exercising NQSOs, the “bargain element” (difference between market value and exercise price) is treated as ordinary compensation income. Therefore, it’s subject to federal income tax and payroll tax withholding. You want to unlock the best possible tax results, and we can help with advance planning. Contact us. 305-860-9910