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COVID-19 DISASTER
HIGHER EDUCATION COSTS: HOW TO GET
BUSINESS LOANS UP
THE BEST TAX TREATMENT
Various tax benefits, including tax exemption,
TO 2 MILLION
tax deferral, tax credits, and deductions,
are available if you are paying or saving for
college or other higher education costs. This
• Do you want to be
Guide suggests ways to take advantage of
these benefits.
positioned not to fail in this
Many tax benefits are available to help you
unexpected time?
pay higher education costs, whether for your
Vaishali Thakkar
Is your business affected
• CEO Perfect Tax children or yourself. Because of the variety of FREE
benefits and programs, this area is one of the
Must present coupon at the
& Finance most complex that an individual can face. time of appointment. Not valid APPOINTMENTS
directly or indirectly by
Over the next few weeks we will discuss this with anyother offer.
COVID-19 ?
Financial Guide and the strategies you can use to build savings for higher
• Are you having hard time paying your employees? Offer expires 30 June 2020 to discuss the Loan that you Qualify for.
Conditions Apply
education, and tax credits currently available to help ease the financial
burden of paying for education.
• Do you want your business to be evaluated because
EMPLOYER-PROVIDED EDUCATION ASSISTANCE
you have no idea how this disaster is affecting your
If your employer paid education assistance benefits (e.g., reimbursements
of tuition), part or all of them may be tax-free. You can exclude up to
business?
$5,250 per year of the benefits you receive under a qualified educational
assistance program. But you can`t both exclude and deduct the same item, Must present coupon at the
Perfect Capital is aiding small or midsize business time of appointment. Not valid
even if it`s otherwise deductible. In order to qualify, your employer must
with anyother offer.
have established an educational assistance plan that does not discriminate
including sole proprietors to seek disaster loan Offer expires 30 June 2020
in favor of highly paid employees or owners. The exclusion applies to
Conditions Apply
assistance from government and private funding
undergraduate level courses other than those involving sports, game, and
hobbies. The courses do not need to relate to your job. The exclusion is
organizations to combat this tough time. We can help you with SBA and Private lending
available for tuition, fees, books, and supplies but not meals, lodging or transportation. And it applies to benefits for graduate-level courses.
Perfect Tax has a new initiative Perfect Capital. Your financing.
In addition to the exclusion for qualifying education plans, your employer can provide reimbursement for business related courses, including
graduate courses. If your employer does not reimburse you for these expenses, you may be entitled to deduct them as a miscellaneous
business might be eligible for lot of special Tax Please schedule a free appointment to discuss
itemized deduction subject to the two percent deduction floor. To qualify, the expense must meet the requirement of your employer or the law
benefits and also financing options. this with us.
or maintain or improve skills in your current job. The course must not meet minimum education requirements for your job or qualify you for
a new trade or business. To learn more reach us at 469-213-1519.

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