Tax-free medical insurance, life insurance, medical reimbursement plans; stock options, company car for owner – by experienced San Diego attorneys
San Diego Law Firm has extensive experience in setting up tax-free employment benefit plans for small to mid-sized businesses. We create these “fringe benefit plans” to provide the business owner, his or her family, and the employees a variety of non-taxable fringe benefits according to the owner’s choice, which can include:
- Medical insurance
- Medical reimbursement plans (to pay deductibles and non-covered claims)
- Dental insurance
- Life insurance
- Disability insurance
- Flexible spending accounts for dependent and medical care
- Other tax-free benefits. Some benefits, such as stock options and/or a company-paid car, can also be limited to the owner or selected employees.
Our benefit plans are designed to save you (and your employees) on taxes and help your business attract and retain the best employees. We will work closely with you to determine what benefits will provide you with the greatest business and personal advantages and tax savings.
Complicated federal and California laws control how employee benefits plans must be set up and administered. These include coverage standards and notice requirements, which we can help you comply with. We can also help you select and work with an outside benefits plan administrator if your business is large enough to make it desirable.