Personal medical expenses—let your Professional Corporation pay!

One of the benefits of opening a professional corporation is the ability to create a health care spending account with a third-party insurance provider. A plan like this lets your family submit medical expense claims to be reimbursed by your professional corporation.

This strategy can effectively save upwards of 50% in taxes! For example if you have $10,000 in medical expense, a Health Care Spending account can save up to $5,000 in tax payments!