Tax News - Culver CPA Group - Grand Rapids Accounting Firm
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Tax News / Blog

Some business owners can’t participate in their own companies’ HRAs Business owners may be excluded from certain benefit plans. Many companies now offer Health Reimbursement Arrangements (HRAs) in conjunction with high-deductible health plans (HDHPs). HRAs offer some advantages over the perhaps better-known HDHP companion account, the Health Savings Account (HSA). If...

Taking distributions from your traditional IRA If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan for withdrawals from these retirement-savings vehicles. Knowing the fine points of the IRA distribution rules can make...