There are several fringe benefits that small business owners consider.
Health insurance is the most common benefit offered by small businesses.
To help subsidize the cost, many business owners deduct a portion of the premiums from employee paychecks. There may be state laws limiting how much of the cost you can pass on to employees. Your insurance agent should have all the forms necessary to set up a group plan, authorize payroll withholding, provide proper employee notification, etc. To help cut your costs, you can adopt a Section 105 plan, which is one of the few which require no government filings. The only item you can run through a Section 105 plan is the health insurance premiums.