UBA Webinar Series: What Employers Need to Know about Taxing Benefits
June 13, 2017 2:00 p.m. EST - June 13, 2017 3:00 p.m. EST
What Employers Need to Know about Taxing Benefits
When an employer offers employee benefits, there are requirements to tax certain benefits. While most employers may be familiar with using a cafeteria plan for employees to pay for health insurance on a pre-tax basis, there are taxation rules that apply to voluntary plans, life insurance coverage exceeding a certain amount, long-term disability or short-term disability, fringe benefits, and wellness rewards.
This webinar will:
- Review basic employment tax laws that apply to health and welfare benefits
- Describe general taxation rules that apply to fringe benefits
- Describe the taxation rules that apply to voluntary plans, including fixed indemnity plans
- Discuss the taxation of employer-provided group term life insurance coverage over $50,000
- Discuss the pros and cons of paying premiums pre-tax or post-tax for long-term or short-term disability
- Discuss the taxation of wellness program rewards
- Discuss the potential consequences of evading employment taxes
- Describe best practices when offering voluntary plans, fringe benefits, and wellness rewards
This 60-minute intermediate level webinar will help employers understand their obligations when they offer benefits that are subject to income tax withholding and employment taxes.
Lorie Maring is Of Counsel in the Atlanta, Georgia, office of Fisher Phillips. She focuses her practice on helping employers navigate Employee Retirement Income Security Act (ERISA) and other state and federal laws impacting the design, implementation and ongoing compliance of their employee benefit plans and programs.
Ms. Maring regularly advises clients on the Affordable Care Act, health and welfare benefits, qualified plans, executive compensation, Multiple Employer Welfare Arrangements (MEWAs) and multiemployer plan issues.
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