The 40-Year Impact of Section 125 cafeteria plan: A Game-Changer in Employee Benefits
In 1978, something important happened in employee benefits. The US government introduced Section 125 of the tax code. This gave employees a simple way to save money by using part of their income to pay for benefits before taxes were taken out. This is what we call a Section 125 cafeteria plan. Now, more than […]
Are You Paying Too Much Payroll Tax? Find Out
Most employers don’t realise how much they’re overpaying in payroll tax each year. It’s often hidden in plain sight—buried in outdated benefits structures, missed opportunities for tax efficiency, and well-meaning HR decisions that don’t align with today’s cost-saving strategies. At Lumara, we believe businesses shouldn’t have to choose between offering great benefits and protecting their […]