I read an article about how small business owners are struggling with the times. Not just economic issues, but trying to grow and maintain their business. With all that they face on a daily basis, time is always an issue for them to balance work and home life. Now, not that they are not concerned with financial issues, especially now, so I got to thinking…..what can help them?

Small business owners are extremely important to us all. Don’t think that the large corporations that affect our daily lives didn’t start out as a small business at one time or another. They also met a lot of the struggles small business owners face today. BASE is here to help!

BASE can help with the stress of health care and ease financial burden. As small businesses look for ways to increase business but at a lower cost, what is a better way than to put money on expenses they already pay back into their pocket? How is this possible you’re asking…..? Take a look at a Health Reimbursement Arrangement (HRA).

The HRA for the husband and wife business or small corporation is a major tax savings program for health care expenses. It saves tax dollars on medical expenses such as health insurance premiums and the non-insured expenses not covered by the health care provider. The expenses actually become a business deduction saving in federal, state and most importantly the self-employment tax. So roughly a third of what is spent towards health care is saved through the HRA.

Sounds so simple and why aren’t all small business owners doing it today? There are some criteria that you have to meet to participate, just like in taking the deduction as a personal expense. Visit www.baseonline.com to find out if you are eligible and then contact BASE to set one up right away. Don’t delay, although you have many other matters on your mind, such as running your business. I guarantee that this will be the best thing you did today.

Now that I have your attention…..how can we let more small business owners know that this is available to them? Tell Them Yourself! Help others that are in the same boat as you save money to grow their business. They will be glad you did!