Author Archives: John Villanueva

Section 125 Plan Documents for Insurance Tax Savings and Non-Compliance Penalties

As many employers may be well aware by now, a Premium Only Plan (POP) Plan or Section 125 allows for employees’ health insurance premiums to be deducted with the use of pre-tax dollars, thereby resulting in sizeable tax savings for both parties. A lot of small and medium-sized businesses across the country have already availed of this tax-saving measure provided for in Section 125 of the Internal Revenue Service Code. Continue reading

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