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Tag: deduction

wage garnishments

How wage garnishments work

At some point in time, most businesses will have employees that are required to have money taken from their paycheck to repay an outstanding debt. This is called wage garnishment. Since most garnishments have specific rules surrounding them, they can be a difficult thing to manage. Let’s take a more

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Section 125 plan

What is a Section 125 plan?

A key way to attract and retain employees is by offering a strong benefits package. One type of benefit that small businesses could consider is a Section 125 plan. Let’s take a look at what this plan is. What is a Section 125 plan? According to the IRS, a Section

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