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Employer Life Insurance Horn Lake MS

Local resource for employer life insurance in Horn Lake. Includes detailed information on local businesses that provide access to employer-sponsored insurance, employer liability insurance, small employer health insurance, and information on insurance requirements for employers, as well as advice and content on group health insurance.

Financial Institution Consulting Corporation
(901) 684-7410
700 Colonial Road, Suite 102
Memphis, TN
 
Barry Godwin Medicare Products Specialist
(901) 363-1188
3232 S Perkins Rd
Memphis, TN
 
Harman Stone Corp.
(901) 756-9800
2095 Exeter Road Suite 106
Germantown, TN
 
Universal Benefits Inc
(901) 795-2090
2899 S Mendenhall Rd
Memphis, TN
 
Cfh Financial Services
(901) 761-1490
5050 Poplar Ave, Ste 1204
Memphis, TN
 
New York Life Insurance Company
(901) 761-1810
1715 Aaron Brenner Drive, Suite 204
Memphis, TN
 
Jacqueline Lamar Agency
(901) 368-9000
2936 S Perkins Ave
Memphis, TN
 
Alpha Maxx Health Care Inc
(901) 259-5341
1407 Union Ave, Ste 240
Memphis, TN
 
Brooke Insurance
(901) 375-4855
6759 E Shelby Dr
Memphis, TN
 
Allegiance Financial
(901) 767-5040
5100 Poplar Ave, Ste 2008
Memphis, TN
 

Business Tax Deduction - Life Insurance

Business Tax Deduction - Life Insurance

Life Insurance is a fairly common and accepted part of the risk management of any good personal or business financial plan. It is not, however, a valid business tax deduction.

In any personal or business financial plan, risk management plays an important part. Insurance is the primary mover in most risk management plans and the premiums paid for insurance on your inventory, physical buildings, and all types of liability are valid business tax deductions that can reduce your business tax liability. Life insurance is the one type of policy that is excluded from this. The premiums paid for Life Insurance policies are not tax deductible.

Other types of insurance could also include unemployment insurance and workman's compensation insurance. These common forms of business insurance are closely regulated and any funds spent on them are obvious tax deductions. The fact that most forms of insurance premiums are almost automatic business tax deductions often fools small business owners into thinking that their life insurance premiums are deductions also.

There is a good argument for this to be so. Small business owners especially are usually closely associated with the success or failure of their own business. In other words, if they die that usually spells the end of the business. This is the purpose, of course, of the small business owner wisely insuring his life. It is his hope that in case of his death not only will his dependents be protected, but the business will be able to survive his loss. Although this seems to indicate that life insurance is almost a business necessity for the small business owner, the tax codes and rulings of the IRS are what determines deductions.

There are some cases where life insurance premiums might be considered a business tax deduction. This would be when the small business purchases life insurance on some of their key employees. The risk management idea here is that the insurance is s...

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Self Employed Health Insurance Deduction

Self Employed Health Insurance Deduction and Cobra

There is no disputing that health insurance can be a night mare for the self-employed. This raises the issue of the self employed health insurance deduction and Cobra.

Self Employed Health Insurance Deduction and Cobra

Health insurance is one of the primary concerns for all self-employed business owners. When working as an employee for a company, health and dental insurances are usually provided to some extent by that company. However, many home business owners become concerned when leaving those companies to form their own businesses due to the loss of this health insurance. And if that wasn't a major concern in itself, even employees for major businesses are losing health insurance. Numbers of uninsured workers have risen due to the expensive costs of health insurance.

Despite this, there is good news for those who leave a company to run their own. An act known as the Consolidated Omnibus Budget Reconciliation Act, or COBRA, was passed that allows departing workers to buy health insurance through their employer's group plan. What this means is that those who are leaving a company can still buy insurance from their former employer. The benefits of this can be extensive for those looking to form their own companies but who are dismayed due to the potential loss of health insurance.

However, don't think that COBRA will be cheap. Many who go through COBRA to obtain health insurance are extremely surprised with the rat...

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