So you want to start offering health benefits, where do you start? For most 
employers, two key factors are the cost and quality of services.
This post will cover only the tax implications of different benefit options, but I recommend "to compare the benefits of employee health" if you want to assess the quality of services.
Tax Free Solutions
1. Use the software to reimburse employees for individual health insurance they buy (there are a number of software services that support tax compliance for you).
2. Working with a broker to set up a group health plan for you and your employees.
3. contributions to health savings accounts for your employees (HSA).
4. Offer a flexible spending account (FSA) to employees and make contributions.
taxable Solutions
When dollar contributions are subject to FICA, FUTA, and income taxes, employers can get a lot more creative in their benefits. This is an excellent opportunity to introduce allowances for insurance premiums, gym memberships or other health programs. If you are not interested in establishing a formal system of social benefits, the tax bite of a scholarship program may be interesting for you.
Recommendation
Take the tax savings which are made available to the employer sponsored health benefits and create a program that is right for you. If you are interested in more information on how to do so, download our eBook presented below under "How to Navigate Medicare for the owner of self-employed and small businesses."
What questions do you have about the tax treatment of your program 'benefits ideal? Comment on our blog below!
0 Komentar