If you are a small business owner you may be interested to know that your annual Copeman fees or those of any family member can be expensed to your corporation through a Health Spending Account.
Expensing Copeman fees in your business versus paying out of your personal pocket can save you up to 40%. All you need to do is set up a corporate Health Spending Account. By doing this, your business will now be in a position to reimburse you tax free for your annual renewal fees. The value of paying your fees through a Health Spending Account is now amplified because you can pay the bill as a pre-tax business expense.
Setting up a Health Spending Account may also provide additional benefits by reducing the cost of all health and dental bills in the same way. Your company may be able to expense dental visits, orthodontist bills, vision expenses and even private health care premiums for plans like Blue Cross.
Visit Olympia Benefits at www.olympiabenefits.com/copeman to to learn more about Health Spending Accounts.