Hivest Financial’s Post

Are you seeking ways to optimize tax savings for your business while also providing benefits for your employees? Look no further than our Self-Insured Medical Reimbursement Plan (SIMRP)! This IRS-compliant program offers substantial advantages without affecting take-home pay. Employers can achieve significant payroll tax savings through our SIMRP, with potential annual savings based on the size of the business: - 25 Employees: $13,750 - 100 Employees: $55,000 - 500 Employees: $275,000 - 1,000 Employees: $550,000 - 5,000 Employees: $2,750,000 - 10,000 Employees: $5,500,000 Unlock the benefits of our SIMRP today to elevate your financial strategy! With immediate savings and a quick 3–4-week setup process, a brief call to explore more is a valuable investment of your time. The best part? It costs nothing to set up! A True Win-Win.

💼 Interested in creating a win-win situation for your team? 🤝 By offering deferred compensation plans, you're not only investing in your employees' financial future but also fostering loyalty and commitment. 💰 #DeferredCompensation #FinancialPlanning

Do you contribute to a solo 401(k) and have more than $250,000 in it? Do you know about Form 5500-EZ? You should. Thanks to Christine G. Russell, QPA, QKA, AIF, RMA for highlighting some tax traps to know about your solo 401(k)

A wonderful way to start the day! Beautiful sunshine ☀️and blue skies, en route to a visit with a fabulous client. Continuing the great relationship we have while also helping them save time 🕰️ improve productivity and ensure we help them achieve their business goals. Caxton expense management solution. For the win! 🏆 💰 💳 #expensemanagement #expenses #payments

Auto enrollment and auto escalation lower the barriers to saving, increasing participation and potentially boosting savings rates. Also, beginning January 1, 2025, all new plans will be required to include auto-enrollment and auto-escalation.* If your plan doesn’t offer auto-enrollment, there is an employer tax credit of $500 for the first three years. *Exclusions, deadlines, and restrictions apply. #AutoEnrollment #401k

Principles that Should Guide Compensation Design | VisionLink https://hubs.ly/Q02yjmfH0

💼 Handle Your 401(k) Rollover With Care 💼 Leaving a job? Avoid tax traps when rolling over your 401(k) to an IRA. If a check is payable to you, 20% will be withheld for federal tax. Arrange a direct trustee-to-trustee transfer to avoid penalties. Learn more: https://lnkd.in/ggGN7K_d Have questions? Contact us! #401k #IRARollover #TaxTips #FinancialPlanning

Dear Business Owners!✍️💸 Are you wanting to offer benefits to your employees? Are you looking for ways to save on taxes and worker’s comp? Are you interested in retaining your employees? Then we could be a great fit!🤝 Message me to learn more about ways that AFLAC helps with these services while not changing what you currently offer, nor costing your business a dollar! 📩📈 email: naomi_dennett@us.aflac.com

#FinancialAdvisorFriday Do you know that your clients can set up Payroll contributions directly to their my529 account? Check out our site for more information! #financialadvisors #collegesavings #529plans

Principles that Should Guide Compensation Design | VisionLink https://hubs.ly/Q02yj4x80