Payroll Tax Reduction Strategy

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What is It?

The two IRS Code Sections listed below form the Payroll Tax Reduction credit to help companies with W2 employees reduce their overall Payroll Taxes. This simple but relatively unknown credit can reduce FICA Taxes, create employee retention, and help drive savings to your bottom line:

IRS Section 125 - Allows employees to choose from a variety of pre-tax benefits, forming the core structure for tax savings

IRS Section 213(d) - Focuses on early detection and comprehensive care to prevent serious health issues

What Services are Included?

Who Qualifies?

Most companies will qualify for a Payroll Tax Reduction Strategy. A few guidelines are:

  • US based companies and employees
  • Must have W2 employees
  • 5 or more employees
  • Any industry can qualify
  • *Independent contractors do not qualify

What are the Benefits?

  • Proven ROI with significant Payroll Tax savings recognized on first payroll cycle
  • Eligible employees see an increase in net take-home pay
  • Zero upfront or out-of-pocket cost to employer or employee
  • Attract and retain top talent
  • Audit compliance and support

What are the Savings?

Employer FICA Tax Savings = $56.80 per month or $681.60 per year per eligible employee

Employee FICA/State/Federal Tax Savings = 3-4% increase in monthly net take-home pay

All savings are based on eligible employees participating in the Plan.

Set up a call to get your FREE ANALYSIS to find out how much you can save overall across your organization.

Aerospace
Architecture & Engineering
Blockchain Development
Chemical
Construction & MEP
Consumer Goods Manufacturing
Contract Manufacturing
Financial Services
Food & Beverage
Game Development
Life Science
Manufacturing & Distribution
Metal Fabrication
Mortgage & Banking

We Are Nationwide Trusted Advisors to CPA's, Businesses, & Real Estate Investors.

Optimize your tax benefits with Specialty Tax Advisors and propel your profitability!

Contact Us

(833) 273-4949

info@specialtytaxadvisors.com

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Newport Beach, CA 92660