How
to Increase your Take Home Pay!
Did
you know you and your employees can defer compensation towards
the payment of dependent care fees, medical, and dental deductibles
and charges not covered under your health plan?
Did
you also know that premiums (including medical, dental and
group life insurance) paid by your employees through payroll
deduction for themselves or dependents can be paid with tax
deferred dollars?
You
can also help your employees who utilize day care services
by allowing them the ability to defer "pre-tax"
dollars towards payment of these fees.
How?
- Implement a Cafeteria Plan effective Today!
The
Advantages:
- Employees
save money! Salary re-directed into these non-cash benefits
escapes federal, state and local income taxation, including
FICA.
- Employer
saves money! As the employer you save on FICA and possibly
Worker's Compensation Premiums
- A
low cost employee benefit. Your employees will appreciate
this added benefit.
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