Remove a-look-at-qualified-pre-tax-deductions
article thumbnail

Tax Season 2023: Tips for SMBs and Brokers

Extensis

Quick look: Tax season is here once again. And like in previous years, there are various tax credits and implications that SMBs and their brokers should familiarize themselves with. From retirement plan startup cost tax credits to extended deadlines for those impacted by natural disasters, here’s what to know in tax season 2023.

article thumbnail

Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

Quick Look: Flexibility and cost savings are two of the biggest priorities when it comes to workplace benefits. It’s a flexible savings account specifically set up by an individual to pay pre-taxed medical expenses. Concurrently, employees can use the money saved in their HSA for qualified healthcare expenses when in retirement.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Top 3 Benefits of 401(k) Plans for SMB Employers

Extensis

Quick look: 401(k)s are the most popular retirement plans in the U.S., Here, dive into the many potential benefits of 401(k) plans for SMB employers, including improved employee retention rates, more successful recruiting, and decreased tax liability. When people think of a retirement savings plan, many think of a 401(k).

article thumbnail

Types of Employment & How to Choose the Right One for Your Organization

Replicon

So, check this blog to dive deeper into the types of employment and the characteristics of each employment type so you can decide which one can cater to your needs and help you cut down your resource costs. Like full-time employees, employers have to pay taxes for employing part-time workers.

article thumbnail

School’s out! Now what? Summer child care tips

Benefit Resource Inc.

No more teacher’s dirty looks… -School’s Out, Alice Cooper. Let’s start by defining what a Dependent Care Account is and then look at how to use it to pay for summer child care. The money accumulates over the course of the plan year through payroll deductions. Dependent Care Account to the rescue!

article thumbnail

Retirement Benefits For Employees – Why The 401(k) Is The Best

ForUsAll

There are different types of tax deferred retirement plans. For this blog post we will focus on the 401(k). A qualified retirement plan like a 401(k) may be one of several benefits a company offers to employees. Now, let’s look at some of the benefits a 401(k) can provide. Pre-Tax Contributions.

article thumbnail

A 401k FAQ – Answers to Your Employees’ Biggest 401(k) Questions

Zenefits

Thanks to having more flexibility with character count on the blog, we added more detail to the answers below. Both are good ways to lower taxes on #retirement savings. Both are good ways to lower taxes on #retirement savings. It’s a big decision, so take a close look at your 401(k) plan to understand the tradeoffs.