As a small business owner, you’re constantly juggling various roles – from managing day-to-day operations to strategizing for future growth. Among these responsibilities, understanding and implementing the right healthcare benefits for your employees can often seem overwhelming. Yet, in today’s competitive market, offering the right benefits is more than just
When diving into the world of S-Corporations, one might come across the term “2% shareholder.” This term, while seemingly straightforward, carries with it specific tax implications, especially when it comes to shareholder’s health insurance benefits. In this article, we’ll break down who these 2% shareholders are and how their health
There are many different types of health insurance plans businesses can offer to their employees. These plans are a great benefit to add for your employees, ultimately leading to higher employee retention rates. In this article, we will focus on one specific type of health insurance plan for small businesses.
Final paystubs versus W2s Year end is fast approaching, which means it is almost time for employees to receive their final paystubs of the year. In addition to final paystubs, employers must provide a W2 to each employee by January 31st. But, are final paystubs and W2s the same? Let’s
Businesses are nothing without strong employees. One proven way to attract and retain top talent is by offering a strong benefits package. As part of a health plan package, many businesses consider offering a FSA. Let’s take a look at what a FSA is. What is a FSA? A FSA,
As part of the Maine Jobs and Recovery Plan, Maine small businesses will be eligible to participate in a health insurance premium support program starting November 1st, 2021, through at least April 30th, 2023. Here is what you need to know: What is the plan? Maine small businesses that are