Taxes are never any fun to deal with, especially when businesses see how they eat away at company earnings. Section 125 allows business owners to deduct the amount of money being spent on coverage from an employee earnings. This creates savings on the Federal Income Contribution Act (FICA) taxes, which help businesses when they are looking for ways to save money.
We work together with business owners and find out how we can implement new coverage under section 125. Developing strategies with employers creates a relationship that is open and transparent. Employers know exactly how the coverage works for employees, and how it is able to save the company money from year to year.
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