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Advantages
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Contact
Us
ALLTIME
Integrated
Payroll
Services, Inc.
200 Stonewall Blvd
#3
Wrentham,
MA 02093 (508)
384-7900
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Employees
and Employer Save Money with a FSA from ALLTIME.
FSA’s
(Flexible Spending Accounts)
can deliver significant tax savings to participating employees
by allowing money to be set-aside on a pre-tax basis to pay
for medical and dependent care expenses.
•
Co-pays for office
visits and prescriptions
•Over
the counter drugs and medicines
•Child
daycare and pre-school
•Laser
eye surgery and Vision Care
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Example
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Without FSA |
With
FSA |
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Employee's monthly salary |
$2,000.00 |
$2,000.00 |
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Pre-Tax Contributions to FSA |
$0.00 |
$100.00 |
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Taxable Salary |
$2,000.00 |
$1,900.00 |
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Federal Income Tax & FICA |
$713.00 |
$677.35 |
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Take-Home Pay |
$1,287.00 |
$1,222.65 |
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After-Tax Expenses |
$100.00 |
$0.00 |
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Net Take Home
Pay |
$1,187.00 |
$1,222.65 |
Increase in monthly spending income: N/A $35.65 monthly
Increase in annual spending income:
N/A
$427.80
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Benefits for Employer
1.Since all
employee contributions are pre-tax, the employer will realize
a reduction in annual FICA taxes.
2.Serves as an employee retention tool.
3.Can reduce the rising cost of employee health
benefits.
To find out more call
(508) 384-7900 ext 22
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Our FSA Service
Offers
nDebit Card for real-time payments
nWeb Access offers participants instant access to account
balances
nDaily
processing of reimbursement checks
nMultiple
submission options – online, paper or fax
nOn-line
enrollment and re-enrollment options
nToll-free
customer service for employee and employer
nOver
15 years of FSA Administration experience
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Copyright 2006 ALL-TIME, Inc. |
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