Corporate America has long recognized that its most important assets are its employees.
Companies have sought to improve working conditions and enhance company benefit programs. These benefit programs have been
refined to provide for specific employee needs on a TAX ADVANTAGED basis to both the employer and employee.
BizPlan believes that sole preprietors have the same needs, the same expenses and
the same desire for benefit advantages as large and small corporations.
By simply using BizPlan and employing your spouse under a special class of employment
known as family employment, authorized by the IRS in 1954, you will qualify for TAX DEDUCTIBLE benefits. Of course, at tax
time, your accountant will need to prepare the necessary tax forms and schedules to include your BizPlan information.
*BizPlan also applies to Partnerships, C Corporations, and Limited Liability Companies.
BizPlan is a system developed within the framework of Revenue Ruling 71-588 to simplify
the compliance and accounting procedures associated with Internal Revenue Code, Section 105. With BizPlan, the sole proprietor
may take advantage of 100% tax deductibility of medical expenses including:
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Health Insurance Premiums
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Uninsured Medical, Dental and Vision Care Expenses
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Other Deductible Benefits Available:
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Term Life ($50,000 Max.) & Disability Income Insurance
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Premiums for employee (spouse)
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Benefits provided for other employees
BizPlan is not insurance. You may participate in BizPlan without purchasing additional
insurance coverage or changing existing coverage.
With BizPlan you will be able to provide your accountant with an accurate itemization
of your medical, dental and other deductible expenses.