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Offer a Section 125 cafeteria plan to your employees

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in Small Business Tax,Small Business Tax Deduction Strategies

How much of your budget is allocated to fringe benefits? In the past, this may have represented just a sliver, but now employee benefits frequently take a much larger piece of the pie. Strategy: Set up a Section 125 “cafeteria plan” that provides a menu of tax-favored fringe benefits to choose from.

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