Park City, Utah (PRWEB) February 05, 2014
Today, Zane Benefits, the #1 Online Health Benefits Solution, published new information on small business owner structures.
According to Zane Benefits’ website, when starting a business, owners must decide what form of business entity to establish. The type of business structure determines which income tax return form you file, and may impact how health benefits are structured for the owner, owner’s family, and employees. The five small business owner structures are:
1. Sole Proprietorships
5. Limited Liability Company (LLC)
According to Zane Benefits’ website, many small business owners use a Section 105 medical reimbursement plan to increase their personal and business tax savings, and provide a health insurance allowance to any employees. The tax benefits that owners are allowed to receive on Section 105 reimbursements varies by the business's structure.
About Zane Benefits
Zane Benefits, the #1 Online Health Benefits Solution, was founded in 2006 to revolutionize the way employers provide employee health benefits in America. We empower employees to take control over their own healthcare, while helping employers recruit and retain the best talent. Our online solutions allow small and medium-sized businesses to successfully transition to a health benefits program that creates happier employees, reduces costs and frees up more time to serve their customers. For more information about ZaneHealth, visit http://www.zanebenefits.com.