What Is a Section 125 Plan? Benefits and Options To Consider
In today’s cost-conscious business environment, offering competitive benefits can feel like walking a tightrope, trying to keep employees happy without inflating your budget. The key? Smarter structuring. A Section 125 plan, often referred to as a cafeteria plan, offers one of the most efficient ways to reduce payroll tax liability and increase employee take-home pay, […]
What is a Section 125 Plan? Understanding Benefits and Features
Business owners always try to increase profits while making sure their team members are taken care of. A Section 125 Plan both solves these needs and does not cause any disruption to the company. The firm helps businesses adopt this lesser-known way to cut their payroll tax charges and leave their employees with bigger pay […]
How Does a Section 125 Plan Save Me Money?
In today’s competitive business environment, every dollar counts. Along with seeking cost reduction, you must find ways to improve employee benefits as a business owner. A IRS Section 125 plan represents a strong business strategy that numerous organizations ignore. Our company Renaissance Advisory, assists businesses to adopt advanced solutions that unite Section 125 plans with […]
5 Key Employee Benefits to Attract and Retain Talent in 2024
Introduction In 2024, a strong benefits package is essential for attracting and retaining top talent. While salary is important, many employees are now prioritizing benefits that improve their health, work-life balance, and financial security. Here are five key benefits that companies should consider offering to stay competitive and support their workforce. Health and Wellness Programs […]
Maintaining Section 125 Compliance: A Simple Guide for Employers
Introduction A Section 125 plan provides valuable tax benefits, but staying compliant with IRS regulations is essential to maintaining those benefits. For employers, ensuring compliance may seem daunting, but understanding the key requirements and best practices can make the process easier. This guide offers practical steps to help employers keep their Section 125 plan compliant […]
What’s Section 125? A Guide to Pre-Tax Benefits for Employers and Employees
Introduction Section 125 plans, commonly known as “cafeteria plans,” have become a popular way for employers to offer valuable benefits while saving on taxes. But what exactly is Section 125, and how does it benefit both employees and employers? In this guide, we’ll cover the basics of Section 125, why it’s so beneficial, and what […]