Many employees take advantage of the opportunity to save taxes by placing funds in their employer’s health or dependent care flexible spending arrangements (FSAs). As the end of 2020 nears, here are some rules and reminders to keep in mind. Health FSAs A pre-tax contribution of $2,750 to a health FSA is permitted in both
Employees Archives - Crawford Ellenbogen
Nov 25, 2020
Employees: Don’t forget about your FSA funds
- By Joan Ellenbogen
- Employees, Taxes
- 0 Comments
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Mar 26, 2020
What COVID-19 legislation means for businesses, nonprofits and their employees
- By Ellenbogen
- Business, Employees, Non-Profit
- 0 Comments
Nov 26, 2019
Using your 401(k) plan to save this year and next
- By Ellenbogen
- Employees, Financial Planning
- 0 Comments
May 16, 2019
Consider a Roth 401(k) plan — and make sure employees use it
- By Ellenbogen
- Business, Employees, Retirement
- 0 Comments
If you want another retirement savings option to add to your company’s benefits package, consider a Roth 401(k). But make sure employees use it. The Plan Sponsor Council of America found that Roth 401(k)s are available at 70% of employer plans, but only 20% of participants who had access to one in 2017 made contributions
May 7, 2019
Employee vs. independent contractor: How should you handle worker classification?
- By Ellenbogen
- Business, Employees, Taxes
- 0 Comments
Many employers prefer to classify workers as independent contractors to lower costs, even if it means having less control over a worker’s day-to-day activities. But the government is on the lookout for businesses that classify workers as independent contractors simply to reduce taxes or avoid their employee benefit obligations. Why it matters When your business