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TAX ADVANTAGE PROGRAMS
 Flexible Spending Accounts (FSAs) – can make paying premiums,
out-of-pocket medical/dental expenses, childcare, and elder care
less costly. Employees can choose to have a predetermined amount
of money deducted from each paycheck – before taxes. After
the employee incurs an expense, the receipt is submitted for
reimbursement. The result is employees pay their out-of-pocket
expenses with money
that is not subject to taxation.- 401(k) Programs – allow your employees to save for retirement
on a pre-tax basis through the convenience of payroll deductions.
An employer
also can choose to offer this program with or without employer contributions.
Companies
with as few as two employees can provide a 401(k) savings program. A 401(k)
program is 100 percent employee owned for all of the employee contributions.
Even the employer contributions become 100 percent employee owned once the
employee becomes fully vested.
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