HSA contributions as a single owner S Corp

[Ushdadude]

I scan them into a google drive folder and name each file with the receipt amount, where it's from, and the date (eg 20.22_CVS_12.27.21)

[Ushdadude]

when i practiced general I did some invisalign cases. that's about it.

I actually thought about going back to school for an orofacial pain...

[Ushdadude]

certainly true. That's why I pivoted almost exclusively to dental sleep medicine. My back certainly feels better since the switch.


...

[Ushdadude]

What about being a GP is causing the burnout? Are you sure switching to Ortho eliminate that factor? Have you considered continuing ed in Ortho to get...

[Ushdadude]

So I guess another question would be, can my business pay the HSA contributions if it's not paying the premium? (I assume the business can't pay a cobra...

[Ushdadude]

Sorry for the confusion. I'm paying the premiums personally, not through my business.

I mostly work for myself but have 1 W2 job. They were...

[Ushdadude]

Thanks for all the responses. Does it matter that my business isn't paying the insurance premiums? (It's cobra)

[Ushdadude]

Interesting thanks. I thought if I were to take it as a payroll deduction I save on the medicare and social security tax as well.

[Ushdadude]

I'm a single owner S-Corp and just became eligible for an HSA account. What's the best way to contribute to maximize the tax benefits? Deduct from my...

[Ushdadude]

Did anyone have ap sample of an excel spreadsheet they don't mind sharing? (Personal info deleted of course) thanks

[Ushdadude]

how does this work exactly? I'm guessing this only works for the "employee" contribution and not the "employer" contribution. cor...

[Ushdadude]

For full-service I've been using paychex. I like that they have an HR arm that keeps me completely compliant with the ever-changing employment laws. They...

[Ushdadude]

So most recommend a full scale payroll company even if there are no additional employees?

[Ushdadude]

thanks. was hoping for something with fewer frills and less expensive....

[Ushdadude]

I file as an S-corp and have 2 employees so use Paychex to run my payroll. It's a little costly but makes sure I'm in compliance and they submit the taxes...

[Ushdadude]

Everyone talks about asset allocation and diversification within you retirement portfolio. That includes holding different index funds. If someone has...

[Ushdadude]

According to my accountant, my tax bill will not be lower this year if I contribute more to a tax deferred account. What I have to clarify is if some...

[Ushdadude]

oh got it. I have to figure out if i would actually get a refund if I contribute to a tax-deferred account....

[Ushdadude]

thanks for taking the time to respond but I'm not sure how this answers my question specifically. can you please expand?...

[Ushdadude]

Combo of lower income (closed for 4 months), itemized deductions, and withholdings from my W2 salary.
not a bad idea. i would have to run the n...

[Ushdadude]

I own my practice and have no need for any more tax deferment this year. (Not because I maxed out but rather because my tax bill is pretty low this year)...

[Ushdadude]

Correct. I would own both. So does that mean I can't do a Roth conversion if I don't want to pay taxes on the current IRAs balance?...

[Ushdadude]

I want to do a backdoor ROTH IRA conversion but have money in a SEP and traditional IRA already. That business has an employee so I can’t open a solo...