Everything You Need to Know About 125 Cafeteria Plans
In today’s competitive labor market, offering robust health benefits isn’t just a perk, it’s a necessity. But if you’re an employer who’s cautious about increasing overhead, the good news is you don’t need to spend more to give your team more. A 125 cafeteria plan, also known as a pre-tax cafeteria plan, is one of […]
How a 125 Cafeteria Plan Benefits Small Business Owners and Their Employees
Section 125 cafeteria plan is a comprehensive plan that allows small businesses to offer lucrative health benefits to their employees with additional tax-saving opportunities. The benefits included in this plan are pre-tax deductible, reducing the tax liability of both the employer and the employee. However, to save more on taxes, employers and employees should prefer […]