The Section 1031 exchange: Why it’s such a great tax planning tool

The Section 1031 exchange: Why it’s such a great tax planning toolLike many business owners, you might also own highly appreciated business or investment real estate. Fortunately, there’s an effective tax planning strategy at your disposal: the Section 1031 “like kind” exchange. It can help you defer capital gains tax on appreciated property indefinitely.

New HRA offers small employers an attractive, tax-advantaged health care option

New HRA offers small employers an attractive, tax-advantaged health care optionIn December, Congress passed the 21st Century Cures Act. The long and complex bill covers a broad range of health care topics, but of particular interest to some businesses should be the Health Reimbursement Arrangement (HRA) provision. Specifically, qualified small employers can now use HRAs to reimburse employees who purchase individual insurance coverage, rather than providing employees with costly group health plans.