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Accounting & Bookkeeping & Small Business Forum
Accounting, Bookkeeping, Marketing, and Small Business Resource
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Guest
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| Posted: Mon Aug 23, 2004 10:13 am Post subject: pre-tax benefits |
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An employer wants to offer employee-paid health insurance to his employees. If he does not have a sec. 125/cafeteria plan, can he deduct the health insurance premiums before tax for the employees?
thanks |
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Guest
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| Posted: Tue Aug 24, 2004 2:48 pm Post subject: RE: pre-tax benefits |
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If the employee pays a portion of the insurance, the employer must have a Sec. 125 plan in place in order to deduct the health insurance
pre-tax. Groups such as AFLAC can help set up a Sec. 125 plan if necessary.
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