Growth Group | Accounting for Musicians

Health Insurance is a Win-WIN.

We will all need healthcare from a medical professional during life, and should be well prepared when that time comes. Although costs of health care can be expensive, there are ways to reduce the burden for both employees and employers.

Entrepreneurs like yourself can reduce your employment taxes and increase your employee’s take-home pay by utilizing a group health insurance plan.

Pre-tax health insurance deductions are a key to saving you and your employees’ FICA employment taxes (social security and medicare). When small business owners allow medical benefits to be deducted on a pre-tax basis, their employees receive more income per paycheck and they pay less employment taxes. Win-WIN!

What do you have to loose? Your employees will be grateful and you will increase your overall profits!