A Health & Welfare Trust, also known as a PHSP or Private Health Services Plan, is a fantastic tax tool that allows a business to pay for and tax deduct virtually any medical or dental expense. The Trust's can cover a great many items an insurance plan would never pay for. These plans work exceptionally well for companies of all shapes and sizes, this is the same program we use for our company and staff
Please note there are rules and regulations to follow, and not all business structures (sole proprietorships, Partnerships, Ltd co's) receive the same deduction limits.
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