What is a Section 125 plan?

 

A Section 125 plan (Cafeteria Plan), can often reduce taxable income for employees and creates payroll tax savings for employers. See the magic now via BusinessRefund.com

With no out-of-pocket cost, it applies pre-tax wages to benefit premiums which allows employees to receive a net increase in take home pay up to 3-4% and it allows employers to save between $600-$850 per qualifying employee annually on FICA taxes.

SAVES YOU AND THE EMPLOYEE MONEY No out-of-pocket cost Employee sees an increase in net take home pay Annual Average payroll tax savings of $600 - $850 per employee

IMMEDIATE TAX SAVINGSONCE PROGRAM IS INITIATEDAND FIRST PAYROLL RUN