Message from President Josh Shilts
Happy Fall everyone! As you may have noticed, fall is the time of year that many health insurance providers host their open enrollment period. As you pour though the different plan options and benefits offered, you may have stopped to ask yourself the question, “What is Health Savings Accounts (HSA)?”
A HSA is a type of savings account that allows you to set aside money pretax to pay for qualified medical expenses. Contributions that you make to a Health Savings Account (HSA) are used to pay current or future medical expenses (including after you’ve retired) of the account owner, their spouse, and any qualified dependent. They also offer a triple tax advantage! To learn more, please see this month’s article “Tax Benefits Of Health Savings Accounts” or contact our office with any tax benefit questions you may have related to healthcare.
On another note, please know that our entire Shilts CPA team would like to wish you and your family a very Happy Thanksgiving!
We have so much to be thankful for this year and hope you do as well. May you enjoy good food, family, friends, and fun this holiday. So that our staff may do the same, our offices will be closed on the following days:
Finally, on behalf of myself and our Tax Team here at Shilts CPA, we hope you enjoy this month’s newsletter content!
Josh Shilts, CPA/ABV/CFF/CGMA, CFE
Other Articles of Interest
Tax Due Dates
Missing tax deadlines can result in heavy penalties. Click here to view all tax due dates and ensure you are to-date on what is due this month.
Our President, Josh Shilts, is passionate about sharing his expertise. We would like to encourage you to join us at his next event. Click here to view all events.
Any accounting, business or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, we would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.