Ask your accountant. Every state has different laws, etc.
Personal medical expenses can be deducted from your personal taxes if
they are over a certain amount. Pay yourself dividends or draws from the
company to cover the expense, and then write it off on your personal return.
Travis
On 3/15/2018 6:17 PM, Chuck McCown wrote:
If you are self insured you can expense medical expenses.
-----Original Message----- From: Matt Hoppes
Sent: Wednesday, March 14, 2018 3:52 PM
To: [email protected]
Subject: [AFMUG] Expenses
So I got to thinking about something today.
Pretty much anything needed to run the business you can expense.
What about a surgery? Being the principle owner of a small shop I
have to be able to work. If without a surgery (say rotator cuff of
something) the business won’t run - is there a way to expense that?
Just like I can expense PPE, or switches?
Or a health savings account? What creative options do I have?
