Many business owners are nervous about the prospect of trying to find affordable medical insurance — for good reason.

In 2018, medical care premiums for businesses jumped 6.5% — which means that many employers are struggling to reduce their costs by picking more affordable plans or reducing the rate of utilization. In order to minimize your expenses and get the coverage that you need, however, you need to understand both how the medical care system works and your options.

Here are the answers to some of the most important questions you may have:

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Filing taxes on your own is by no means a simple task — you should expect the process to take you at least a few days. First, you need to find all your records, then input the information into software, and, finally, you must double check everything to confirm there are no mistakes. Even after all this time and effort, you may be missing out on deductions that are not offered through software, such as less-common deductions applicable in your situation.

If you are still unsure that it would be worthwhile for you to use an accountant, consider all the benefits going through a tax preparer brings you:

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Tax obligations are just part of owning a business. While you can’t escape them entirely, there are steps you can take that will reduce your overall tax burden.

The best time to start considering how to minimize your taxes is early in the year. Records you start keeping now can ultimately benefit you in the end. Here are some of the most important deductions that business owners should remember:

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