Good employees are the lifeblood of a growing business. Yet it can be difficult for a small business to compete with large companies when it comes to attracting talent.
However, by offering a comprehensive employee benefits plan, you can level the playing field. Providing current and potential employees with wide-ranging benefits makes it easier to recruit the talent you need.
The good news is there are a lot of options for small business owners when it comes to selecting a group benefits package. Today, most packages are cost-effective. Your employees receive tax-free benefits while any premiums you pay are a tax deductible business expense. Plus, you can enjoy the same benefits for you and your family.
Sometimes, business owners take an additional step by setting up Health Spending Accounts. Funds accumulated in this account supplement your group plan, or in some cases, replace it. Once established, you can pay for medical costs not covered by your group plan ranging from cosmetic surgery to orthodontic work. You can use these funds for yourself, as well as some, or all, of your employees. As a bonus, all payments are tax free while your contributions are a tax-deductible business expense.
Let me help you sort through group benefit packages so you can pick the best one for your business. Contact me today for your free appointment to get started.