Why Should I Start a 401(k) Plan for My Company?

Most people are familiar with the tax advantages to the participant of a 401(k) plan. There are also many benefits to an employer for implementing a 401(k) plan. Many of these are financial. The first, and most obvious benefit to the employer, is the tax advantages which can offset so

New HRA Rules for 2017

Under the Affordable Care Act, it was determined that employers were no longer allowed to use a Medical Expense Reimbursement Plan (MERP) to provide health benefits to their staff. Prior to this law, many small employers used this type of plan as an alternative to offering staff healt

Employees VS Independent Contractors

Perhaps you have not thought about the differences between an independent contractor and an employee. Oftentimes, independent contractors and employees work in tandem with each other at the same company, doing alike tasks. The similarities stop there due to the very important legal gu

End of Year 401(k) Plan Reminders and Tips

As the year 2016 draws to a close, it is a good time to review your 401(k) Plan to make sure you are taking full advantage of maximum deferral limits, confirm that you are in compliance with any Required Minimum Distributions and consider a Profit Sharing Contribution, which can reduc

5 Things to Consider When Preparing Employee W-2’s

Year End W-2 Additions As the year is winding down, there are many items to be considered before filing W-2’s for the year. Below are some items that need to be considered before you or a payroll company prepares your W-2’s. Health Insurance All health insurance premiums p