|
The IRS Code has numerous provisions
designed to help employers provide essential benefits to their employees
tax-free. This saves the employee approximately 30% in income taxes on
expenses they're already paying for, and because the employees have reduced
their taxable income, the employer realizes a reduced matching payroll
tax liability of approximately 8%. Everybody saves money.
To take advantage of these tax deductions the IRS requires that the employer
have a written plan document and the Department of Labor and ERISA law
require that every employee receive a summary plan description (SPD) explaining
the new benefit in easy to understand language.
This site is dedicated to providing employers with the tools they need
to successfully establish these written plans with SPDs at the lowest
cost possible. Please don't hesitate to call us if you have questions,
we will be happy to assist you. Thank you.
|
