

#563 Open Forum - HSA's, Picking a CPA, Venmo & More
Feb 11, 2025
Dive into the world of tax strategies and investment insights! Learn how to choose the right tax advisor without falling for high fees. Discover the benefits of Health Savings Accounts and how to maximize their contributions. Get the scoop on upcoming changes in payment app reporting that you need to watch out for. Plus, explore the complexities of crypto IRAs and effective retirement portfolio management. With practical tips for small business owners, this discussion is both informative and engaging!
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HSA Contributions
- Lynette asks how to contribute to an HSA account, especially as a small business owner.
- Matt Sorensen clarifies that HSA-qualified plans and accounts are different, and contributions can be made until April 15th.
Maximizing HSA
- Contribute the maximum to your HSA, even splitting between years.
- Consider the "last month rule" for first-time HSA contributions.
Choosing a Tax Advisor
- When choosing a tax advisor, don't be afraid of higher fees if they provide valuable services and have credentials.
- Seek advisors who understand tax strategies relevant to your business.