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The tax man cometh

Millions of people attempt to creatively outsmart the tax system but, in the end, Uncle Sam always gets his piece. Still, there are ways for employers and employees alike to minimize the impact.

By Bruce Hentschel | Updated on April 19, 2013

It’s tax time—a solid reminder that taxes are an inevitable requirement in life. Millions of people attempt to creatively outsmart the tax system but, in the end, Uncle Sam always gets his piece. Still, there are ways for employers and employees alike to minimize the impact. 

While group welfare plans are essential in attracting key talent, they fortunately provide tax advantages as well. Various strategies exist within the tax code but they can be complex and, if not careful, could have unintended ramifications. 

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