How Section 125 Payroll Deductions Can Maximize Your Take-Home Pay
Section 125 payroll deductions are eligible healthcare benefits that employees can choose to deduct from their taxes. This reduces the tax liability of the employer and enhances employees’ take-home pay. Section 125 payroll deduction plan, however, covers limited benefits and offers low benefits compared to the Thrive plan. Employees should explore this plan to avail […]
What Payroll Tax Mistakes Are Costing Your Business Thousands?
Payroll taxes are one of the largest recurring expenses for any business with W-2 employees. Yet most employers unknowingly overpay year after year, simply because they aren’t aware of the options available to legally and strategically reduce payroll taxes. These overpayments can quietly drain tens or even hundreds of thousands of dollars from your bottom […]