Turn your Health Insurance Premiums and Medical Expenses into Business Deductions
Including: Sole Proprietors, Freelancers, Partners, C-Corporations, LLC's
Schedule C, Freelancers 1099 Contractors
Married and no unrelated employees
LLC
Varies depending on how LLC is taxed
Partnerships
At least one partner married and no unrelated employees
C-Corporation
Owner's only, no unrelated employees
Deduct Health Insurance
Save up to 15.3% by deducting Health Premiums
Deduct Medical Expenses
Save up to 45% by deducting uninsured medical expenses
Higher Medical Expense Limits
Higher limits and tax benefits than an FSA or HSA
You set the limits on your deductible expenses vs low limits, restriction on highly compensated employees,
HSA's require eligible health plans. SOLO105 allows flexibility on plans, including individual health, COBRA and Medicare premiums
Deductions limits with SOLO105 are set by you, the employer, not by legislation. Select a limit that works for you!
Deducting Self-Employed health insurance? SOLO105 makes premiums deductions, saving income and self-employment taxes!
Individual Health Plan? NOT deductible without a 105 Plan. SOLO 105 will turn non-deductible into business deductible!
SOLO105 allows flexibility on plans, not only individual health but COBRA and Medicare premiums as well!
Step One:
Contact us to discuss your situation, determine savings and answer any questions
Step Three
Setup Payroll. Calculate reasonable compensation and prepare employment documentation
Step Two:
Complete Section 105 Plan Application
Step Four
Start lowering your taxes!
To calculate your potential savings, start with our Qualifying Questionnaire
