draw - Provision Business Services LLC

Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

How to post health insurance to your books

Many business owners run health insurance payments through their business checking account. Depending on how your business is organized (LLC, S-Corp, etc), health insurance may or may not be a business deduction and it may depend on how you book it. Health insurance...

How to Post Medical Expenses to Your Books

Medical expenses are a tax deduction, but not a business deduction. What does that mean? Something I see frequently is business owners paying for their personal medical expenses or their family’s medical expenses with business funds. The thinking is that...

Separating personal and business funds

Most business owners understand the importance of being a corporation, whether it’s an LLC, S-Corp, or C-Corp. Forming a corporation makes your business a separate legal entity – separate from you the individual owner or individual partner or individual...