business

Tax-free reimbursements of business expenses: Accountable plan basics

Tax-free reimbursements of business expenses: Accountable plan basics

Businesses can reimburse owners and employees for out-of-pocket expenses under an accountable plan, a set of rules and processes that allow tax-free reimbursements of certain business expenses. The best time to set up an accountable plan is now.

Providing health insurance benefits to your employees: How does a self-insured plan differ from an insured plan?

Providing health insurance benefits to your employees: How does a self-insured plan differ from an insured plan?

Most employers want to provide some type of fringe benefit to their employees. It’s a convenient way to attract and retain good workers. One of the more commonly provided fringe benefits is health insurance. There are three primary methods in which to provide this benefit.