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Ten Tax Planning Tips for 2022

Money Talk

Since there is no longer a non-itemizer’s charitable deduction in 2022 and only about 10% of tax filers itemize, you’ll probably have fewer receipts to save. should consider purchasing software or setting up a simple Excel spreadsheet to aggregate their business income and expenses throughout the year.

Taxes 263
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Smallest Firms See Largest Health Insurance Hikes

InterWest Insurance Services

Overall rates for employers with 10 or fewer employees saw their family plan health insurance premiums jump 12% from 2021, compared to just 5.4% for all small to mid-sized businesses with up to 250 employees, according to the report by HR and benefits software company Ease. The cost for individual group health plans increased 6.7%

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What to know about medical reimbursement plans

PeopleKeep

Medical reimbursement plans are IRS-approved health plans that allow for tax-free reimbursement for medical expenses. Medical reimbursement plans can be used alongside a group health insurance plan. Or, the medical reimbursement plan can be offered as the main health benefit plan, usually instead of a group health insurance plan.

Medical 72
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Your Tax Guide to Pre-tax Benefit Accounts

Benefit Resource Inc.

In fact, they might be the easiest account at tax-time. There is no deduction to report on your taxes because HRAs are funded by your employer. Be aware that if you itemize your medical expenses, you can’t deduct qualified medical expenses paid with pre-tax dollars from the FSA. Health Savings Account—Tax-time pay-offs.

Taxes 63
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Examples of fringe benefits by category

Business Management Daily

Not only have countless services emerged to simplify things like wellness and retirement, but employee benefits administration software (BA) now exists to help companies simplify the process of delivering a benefits program. Deductibles can be paid with tax-advantaged/tax-free spending accounts funded by employees and employers.

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Recruitment and Retention: What We Can Learn from Government Agencies’ Struggles

Flimp Communications

The study also showed 11% have moved some of their employees to high-deductible health plans (HDHPs) with health savings accounts (HSAs). Some of them need low deductibles and high premiums because of existing medical conditions. HDHPs won’t work for all your employees.

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Eight Key Trends In Staff Benefits Programs In 2025

Empuls

This includes offering high-deductible health plans combined with Health Savings Accounts (HSAs) to help employees manage costs. For example, Walmart is expanding its health benefits program by enhancing virtual primary care options for employees and their families.