Am I restricted in which benfits I can allow them to contribute to? For example: I allocate $6000 to each employee. They can choose to cover all or parts of their health, dental , Life, STD insurance premiums etc. What about putting it into the 401k?
I need some direction and need to have a starting place for my research. Can you help?
2006-11-16 06:08:47 · 2 answers · asked by Confuszd 1 in Business & Finance ➔ Small Business
This is a good question to discuss with a tax accountant. You are not restricted to anything, but some things may be tax-deductible, others may not be, and yet others would only be tax-deductible uo to a certain limit, which could be either an absolute number or a percentage of employee's earnings...
2006-11-16 06:58:59 · answer #1 · answered by NC 7 · 0⤊ 0⤋
Agree - talk to your accountant and also bring in your insurance / benefits reps for ideas.
2006-11-16 07:07:27 · answer #2 · answered by scott.braden 6 · 0⤊ 0⤋