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Do You Know About these 13 Small Business Hiring and Tax Credits?

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2018 HSA contribution limit

August 7, 2015

Which kinds of dental plans can my company choose from?

The short answer is any available plan that suits the needs and budgets of you and your employees. The choice comes down to what kind of coverage you want, your flexibility in choosing providers and how much out-of-pocket expense you’re willing to assume. Plan Types Here’s how the different plan types break down: PPO (Preferred […]

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2018 HSA contribution limit

August 7, 2015

What is the average cost of vision insurance?

The cost of vision insurance can vary based on number of employees, coverage and location. Though, an average cost that a smaller employer in California would pay to provide vision insurance ranges from $5 and $10 per person per month. The employer can contribute towards the premium to lower employee costs and encourage higher enrollment. […]

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2018 HSA contribution limit

August 7, 2015

Does my company need to have a certain percentage of employees willing to sign up for dental insurance in order for our company to enroll in it?

Yes, group dental coverage does have a minimum participation requirement. It varies based on what amount of the premium the employee is being asked to pay. The lowest participation requirements go along with dental plans where the employee is required to pay all of the premium themselves; this scenario is called voluntary. If the employer […]

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2018 HSA contribution limit

August 7, 2015

What is an HRA?

A Health Reimbursement Account, or HRA, allows employers to contribute pre-tax money into an account for an employee’s medical expenses. Employers commonly use HRAs to cover employees’ deductibles. The employer determines the contribution amount and there is no maximum contribution amount for an HRA. Employees are reimbursed tax free for qualified medical expenses up to […]

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2018 HSA contribution limit

August 7, 2015

What is an Archer MSA?

An Archer MSA is a tax-exempt savings program that helps employees of small businesses and self-employed people cover qualified medical expenses for themselves, their spouses, and their dependents. The savings account earns tax-deductible interest to be used for medical expenses. Either your company or your employee can contribute to an Archer MSA, but not both. […]

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2018 HSA contribution limit

August 7, 2015

How does an Archer MSA benefit my company?

Archer MSA programs are attractive alternative ways to help your employees or yourself save for medical expenses that crop up each year that have value much farther in the future. There are several advantages to an Archer MSA program: – Archer MSAs can be invested so that you can gain returns each year on the […]

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2018 HSA contribution limit

August 7, 2015

How can I lower my health insurance premiums?

Your health insurance rates are determined by a number of factors, some of which you can control in order to reduce how much you pay. In most cases, that means assuming more out-of-pocket expenses for your healthcare. Other ways to save are simply a matter of tailoring your coverage to suit how you anticipate using […]

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2018 HSA contribution limit

August 7, 2015

What are the rules for overtime in California?

California has strict overtime laws that generally cover most hourly workers, with exceptions for a number of specific occupations. Here is a quick outline of the basic provisions: – Workers must receive extra pay for all hours worked in excess of eight in a single day. Employees working between eight and 12 hours in a […]

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2018 HSA contribution limit

August 7, 2015

What is a liquidation preference, and how could it affect an employee’s stock options?

A liquidation preference determines who gets paid first, and how much, among investors when a company is sold or liquidated. It basically establishes a pecking order among stockholders. Liquidation preference means that sales and dissolutions can result in wildly different outcomes for the employees with stock options, depending on the established order. Common Stock vs. […]

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2018 HSA contribution limit

August 6, 2015

How does an employee roll over a 401k from a previous company?

Employees need to rollover their old 401ks themselves; employers cannot do it for them. The first few steps include the employee contacting their former employer or retirement plan provider and notifying them that they would like to transfer/rollover their 401k to their current employer or other retirement plan provider. The employee should follow the instructions […]

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2018 HSA contribution limit

August 1, 2015

Does it help a company to set up a FSA?

Employers who offer Flexible Spending Accounts (FSAs) may experience a reduction in employer and payroll taxes, while employees, who use a FSA, may reduce their taxable wages. This may result in lowered taxes for the company, with added benefits for employees.

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2018 HSA contribution limit

August 1, 2015

How can a company better retain talented employees?

Retaining talented employees is one of the most important ways of enhancing a company’s ability to produce, innovate and thrive. Retention can be a complex task; some of the important factors include how well recruitment and management have selected certain employees to complete assigned tasks, the meaning of the company’s values to its employees, how […]

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