Accurate Business Solutions Payroll Services - National provider of payroll services, tax filing, and human resource management. A payroll company large enought to be professional and small enough to care.

Section 125 Plans
A Section 125 Benefit Plan will increase your employees' net pay and save you money.

Section 125 is a section of the Internal Revenue Code that allows employees to set aside pre-tax dollars toward payment
of Insurance Premiums, Medical Care, and Dependent Care expenses. The dollars used for this purpose are not subject to Social Security, Federal, or most State taxes.

For the employees.
Sometimes referred to as a cafeteria plan, flex plan, or a Section 125 plan, a Flexible Savings Account (FSA) lets you set aside a certain amount of your paycheck into an account, before paying income taxes. During the year, you have access to this account for reimbursement of expenses, not covered by insurance, that you regularly pay for. In effect, Section 125 permits the employee to increase their net income by using dollars before they are taxed.

Benefit to the employer.
The salary dollars employees direct to a Section 125 Benefit Plan can reduce employer payroll tax costs, as those dollars are not subject to the employer Social Security contribution. In addition, lowering payroll can result in reduced Federal and/or State Unemployment Tax contributions and Workers' Compensation premiums.

Background Checks and Employment Screening
Because only the best will do.

ABS Payroll will assist you in hiring the finest employees possible. We understand that employees are the face of your company, and no one but the best will do. We take the guesswork out of your screening process so that you can focus on managing a successful business.

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