Employee Benefits
Implementing an employee benefits package may seem expensive; however, the tax considerations can help offset the overall cost and its impact on current and prospective employees could be rewarding. Through our network of financial professionals, we can help you provide an attractive package of benefits for your employees.
The cost of group health benefits are deductible to the employer and not taxable to the employee. Long Term Care policies may be deductible to the employer and not taxable to the employee, specific criteria must be followed. Some employer paid life insurance and disability insurance premium payments may be tax deductible to the employer as long as they comply with IRC Sec 162 a.