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Are there tax benefits for a small business that provides healthcare to its employees?

April 26, 2017Benefits employees Healthcare provides small business tax

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Are there tax benefits for a small business that provides healthcare to its employees?

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Yes. A business can deduct 100% of the premiums it pays to qualified group health plans as a legitimate business expense. Group health insurance as part of a compensation package can reduce payroll taxes as well. Check with your accountant or tax professional for details.