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Throughout our lives, many things happen to us that are out of our control. This is why we have insurance; to protect us from the risks of life, both planned and unpredictable. Although we may not be able to predict the future, we can keep ourselves informed so we can feel prepared and confident to tackle what may come.
Understanding the tax treatment of employee benefits is crucial for businesses and employees. Proper classification can impact payroll taxes, deductions, and compliance, helping companies maximize savings while avoiding penalties.
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