Comment on [US] I'm hesitating launching my own business because I'd lose health insurance for my family. What are my options?

TempermentalAnomaly@lemmy.world ⁨3⁩ ⁨months⁩ ago

Is it possible for your partner to get a job with health insurance while you get your business up and running? If not, the ACA website, healthcare.gov, is your best option. When filing, you won’t declare your income from when you had a job. Try to make your best guess. If needed, claim it to be $0 and then plan on paying it back when you file your taxes using the 1095-A.

If you don’t have an accountant, get one. Talk to them before leaving your job. They know the ins and outs of these things. They should be one of your first trusted advisors. If you don’t know how to pick an accountant, read Small Business Cash Flow by Dennis O ’ Berry.

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