Employee Retention

An education plan can pay off for your employees — and your business

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April 28, 2025
H&B
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Your business can set up an educational assistance plan that can give each eligible employee up to $5,250 in annual federal-income-tax-free and federal-payroll-tax-free benefits. These tax-favored plans are called Section 127 plans after the tax code section that allows them. Plan basics Sec. 127 plans can cover the cost of almost anything that constitutes education, including […]
#EducationalAssistance, #EmployeeBenefits, #Section127Plan
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Human Resources

EBHRAs: A flexible health benefits choice for businesses

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April 25, 2025
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Today’s companies have several kinds of tax-advantaged accounts or arrangements they can sponsor to help employees pay eligible medical expenses. One of them is a Health Reimbursement Arrangement (HRA). Under an HRA, your business sets up and wholly funds a plan that reimburses participants for qualified medical expenses of your choosing. (To be clear, employees can’t […]
#EmployeeBenefits, #HealthBenefits, #HRAExplained
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Tax Planning

Riding the tax break train: Maximizing employee transportation fringe benefits

A woman, standing, on a subway, holding a pole, wearing a white shirt, looking confident, passengers in the background.
March 12, 2025
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There are some nice tax breaks for transportation-related employee fringe benefits. If your employer offers these tax-favored fringes, you should probably take advantage of them by signing up. Here’s a quick summary of the current federal tax treatment of transportation-related benefits. Mass transit passes For 2025, employer-provided mass transit passes for train, subway and bus […]
#CommuterBenefits, #EmployeeBenefits, #FringeBenefits, #TaxPlanning
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Retirement Planning

Are your employees suffering from retirement plan leakage?

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February 21, 2025
H&B
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Today’s small to midsize businesses are often urged to help employees improve their financial wellness. And for good reason: Financially struggling workers tend to have higher stress and anxiety levels. They may be less productive and more prone to errors. Some might even decide to commit fraud. One hallmark of an employee facing serious financial […]
#401kPlans, #EmployeeBenefits, #FinancialWellness, #RetirementPlanning
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