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In the ever-evolving landscape of business and innovation, the U.S. government has introduced various programs to support companies, especially during challenging times. One such initiative is the Employee Retention Credit (ERC), a valuable grant designed to help businesses retain employees and sustain operations. What is the ERC? The Employee Retention Credit (ERC) is a refundable tax credit introduced under the CARES Act in 2020. It was created to encourage businesses to keep employees on their payroll during the economic disruptions caused by the COVID-19 pandemic. While it is not a traditional "grant," it functions similarly by providing financial relief to eligible employers. Key Features of the ERC: - Refundable Tax Credit: Unlike a loan, the ERC does not need to be repaid. If the credit exceeds the employer’s tax liability, the difference is refunded directly to the business. - Eligibility: Originally available to businesses that experienced significant revenue d...

A Win-Win for Employees Participating in a "125 Cafeteria Plan" reduces an Employee's taxable income and in turn increases their take-home pay while at the same time adding additional health benefits for themselves and their family members. A BIG Win for Employers Every dollar put through a Section 125 plan reduces an Employer's payroll through a reduction in their payroll tax liability by eliminating the matching FICA taxes of 7.65%, with the employer's tax savings starting on month two. A Simple, Game-Changing Solution Join the ranks of forward-thinking companies investing in the health and well-being of their employees. Contact us to learn more about how Trumark Health can transform your company's health benefits. High Enrollment Percentages 100% Voluntary No Underwriting Increased Employee Retention Happy  Health

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