Are you maximizing your employee tax savings?
As a small business owner all contributions that are provided for employee benefits are tax deductible. In addition, any money used by employees to purchase benefits allows the business owners to save 7.65% on payroll taxes. If no contributions are made to a plan, the owner would actually save money by installing a employee benefits package.
Are you providing tax saving options for your employees?
With deductibles rising by 12 percent on an annual basis, are you giving options to your employees to pay for out of pocket medical expenses on a tax free basis? Below are options that are available