As Christmas approaches and the end of the year draws ever closer, people nation wide have finances on their mind; with commerce increasing as the Holiday rush sets in, renewal processes as insurance plans expire, and businesses seeking to fortify their finances for the coming year, the month of December is ever the commercial focal point for the majority of American commerce.  Amidst the hustle and bustle of the end-of-the year dealings, it’s important that employers of all business disciplines train a steady eye on their goals for the coming year.  Under the battery of economic predictions for the coming year pouring in from research organizations across the scope, employers and employees alike seeking productive new years resolutions should seriously consider committing to a goal we can all agree is important: securing and maintaining financial stability and integrity.

The global economy is in turmoil, and as the American budget deficit weighs heavily on United States economic recovery efforts, the stability of the 2012 year for employers in all disciplines of business is looking, at best, a little shaky.  A census taken by the Business Roundtable organization (A association of chief executive officers in the U.S.) reports that the business sector in 2012 will, in all likelihood, increase by a mere 2%.  According to the census, the grim predictions concerning job opportunity, pay-roll decrease and business expansion is a result of a combination of several factors: the increasing budget deficit; the financial turmoil in Europe; and the rising costs of new regulations and raw materials nationwide.

Between the gloomy financial forecast for 2012 and the already dauntingly high fail rate for businesses small and large alike, the importance of insuring your business against the coming difficulties cannot be overstated.  Because the majority of employers are engaged, to some greater or lesser degree, in the process of sponsoring health care (and as legislation is passed annually promoting/requiring sponsored health care in businesses, the number is continually growing) it is an exceptionally accessible area within businesses to alleviate financial burdens.  Through subscription to a section 125 Cafeteria Plan, employers can fortify their businesses sponsored health care and brave the coming year with founded confidence.

Premium Only Plans, or POP plans, are an IRS section 125 cafeteria plan that allows employers to deduct their employees’ typical premium contributions tax-free.  This process dramatically increases employee take home pay and provides employers a much needed financial boon: as much as a 7.65 reduction to annual FICA taxes. Through the tax savings, employee gratification, and increase to the variety of health insurance options available, subscription to premium only plans exist as one of the few accessible and affordable strategies available to employers for preparing for the coming year.

For more information on Section 125 premium only plans, visit http://www.taxfreepremiums.com/ for the most thorough POP information and the best premium only plan services.