Kipling Godwin & Associates, Inc. is pleased to partner with Core Documents, Inc. to provide our small business and nonprofit clients with strategies and solutions that will substantially reduce:

• High cost of Health Insurance;
• Cost for Out-of-Pocket Medical Expenses;
• Cost for Dependent Day Care Expenses;
• Cost for Parking and Transit Expenses;
• Cost of Self-Employed Healthcare Expenses;
• Employer Matching Payroll Taxes by 8%;
• Employee Income Taxes by 30%.

The IRS Code has numerous provisions designed to help employers provide essential benefits to their employees tax-free. This saves the employee approximately 30% in income taxes on expenses they're already paying for, and because the employees have reduced their taxable income, the employer realizes a reduced matching payroll tax liability of approximately 8%. Everybody saves money!

To take advantage of these tax deductions the IRS requires that the employer have a written plan document and the Department of Labor and ERISA law require that every employee receive a summary plan description (SPD) explaining the new benefit in easy to understand language.

Click here to see a complete listing of Employer Summary Plan Descriptions (SPDs).