TaxFreePremiums Announce Website, Blog Redesign, Social Networking Launch

SALT LAKE CITY, UT, June 22, 2011 (Press-News.org) TaxFreePremiums.com announces the launch of their newly designed website and blog, as well as the addition of their new social networks- Facebook and Twitter. With a new emphasis on communication, TaxFreePremiums has turned focus towards becoming a resource for human resource professionals and small business owners. "HR professionals are busy and have turned to using sites like Twitter and Facebook to connect with others in their professional area. TaxFreePremiums has become a source of information for these professionals, offering advice and resources that can help their businesses cut costs and provide better benefits for their employees" remarks Ryan Bingham, President of My Compliance Solution.

With an increasing number of HR professionals turning to social networking sites like Facebook and Twitter, TaxFreePremiums is steadily building up a following on these social networking sites. The new blog on TaxFreePremiums.com offers additional information on the Section 125 POP Plan Document, which is TaxFreePremiums mainstay. The Section 125 POP Plan is also known as the Cafeteria Plan or the IRS Premium Only Plan Document. The Section 125 POP plans are designed to allow the employees contribution of their eligible benefits to be run through payroll on a pre-tax or tax-exempt basis. Since no federal, state or social security taxes are taken out and the dollars are not included as gross income, the employee saves anywhere from 27 - 50% on these purchases. With the plan in place the financial out of pocket contribution is substantially reduced or in some cases even cut in half. In many cases where an employer has already been sharing costs without a POP Plan, employee actually see an increase in net income even with an increase in their contributions for the new plan year.

In addition to information on the IRS Section 125 POP Plan, the new TaxFreePremium Blog will focus on time saving and cost cutting measures for HR professionals, solutions for management, payroll and accounting issues, and other tips and advice for small business owners. The blog has been redesigned to offer social network sharing options, a new layout and more functionality for readers.

About TaxFreePremiums

A technology driven industry leader, My Compliance Solution, inventor of taxfreepremiums.com helps employers, insurance advisors, CPAs, attorneys, and payroll providers get in and stay in compliance. They are the industry leader in Section 125 POP Plan Documents and provide a compliance package through an annual subscription service. This service provides a virtual toolkit with all the documents and a step by step process to get an employer in compliance with IRS and DOL requirements. The service provides automated compliance updates, archived documents, and now Non-Discrimination Testing Software at a low annual fee. Learn more at http://www.taxfreepremiums.com.