Taking care of business

Here is the exciting part for me. You can help the key employees who mean the most to your business. Meaning, you pay a portion of the premium, and the employee pays the rest. Now, your premium will be included on the employee’s W-2 so they will pay taxes on your portion. Or you can even DOUBLE BONUS the employee if you like. Meaning, you increase the portion of the premium you pay to offset the employee taxes. This makes the employee portion essentially tax-free.

With the new revision of the 7702 regulation, this could be one of the best ways to build assets. Every employer should consider this benefit for themselves as well as their top and key employees.