When should a sole proprietorship switch to an S corporation?
Regarding the 105 plan, I've done a lot of reading and am just confusing myself where marketplace insurance subsidies are involved. I have read on some websites that you can have the 105 plan for out of pocket expenses but not for the actual marketplace health insurance premiums, but other websites/references seem to indicate you can not have any type of HRA with the marketplace insurance subsidies. Do you know of a good reliable reference source that could possibly shed some light on this?
Great article. I think in the hurried world of taxes and clients using QBooks and converting
the equity section in Q books from sole prop. to SCorp etc to the tax return is not setup or mapped properly. Is there a good resource to ensure consistency. You would think it is simple but not as clients or staff use the wrong form of business inside QBooks all the time.