Webinar Recording | What Employers Need to Know about Taxing Benefits
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Webinar Recording | What Employers Need to Know about Taxing Benefits
May 17, 2017
When an employer offers employee benefits, there are requirements to tax certain benefits. While most employers may be familiar with using a cafeteria plan for employees to pay for health insurance on a pre-tax basis, there are taxation rules that apply to voluntary plans, life insurance coverage exceeding a certain amount, long-term disability or short-term disability, fringe benefits, and wellness rewards.
This webinar will:
Review basic employment tax laws that apply to health and welfare benefits
Describe general taxation rules that apply to fringe benefits
Describe the taxation rules that apply to voluntary plans, including fixed indemnity plans
Discuss the taxation of employer-provided group term life insurance coverage over $50,000
Discuss the pros and cons of paying premiums pre-tax or post-tax for long-term or short-term disability
Discuss the taxation of wellness program rewards
Discuss the potential consequences of evading employment taxes
Describe best practices when offering voluntary plans, fringe benefits, and wellness rewards
This 60-minute intermediate level webinar will help employers understand their obligations when they offer benefits that are subject to income tax withholding and employment taxes.