Are You Leaving Tax Savings on the Table? Unlocking Hidden Strategies for Smarter Benefits

In this must-listen episode of the Cutting Edge Benefits Podcast, host Tom Quigley, co-founder of ClaimLinx, joins Neil Haley to reveal how businesses are leaving massive tax savings on the table—and how employers can immediately reduce costs using smart benefit structures and IRS-approved strategies.From Section 105 reimbursement plans to flexible spending accounts, HRAs, HSAs, and Section 125 plans, Tom outlines how to turn benefits from a liability into a tax-saving asset for the business—while improving employee satisfaction and retention.✅ The Most Overlooked Tax Strategy in Healthcare: Section 105Tom explains how employers can use IRS Section 105 to implement Medical Expense Reimbursement Plans (MERPs), HRAs, and ICHRAs to reduce taxable income and fund employee benefits more strategically.✅ Using FSA Daycare Contributions to Reduce Taxable IncomeEmployers can allow employees to contribute up to $5,000 annually tax-free for daycare and dependent care—providing huge value without costing the business anything.✅ HRAs vs. HSAs: What’s the Difference?Tom breaks down who owns the money, what happens if the employee leaves, and how each type of account impacts taxes:HRAs: Employer-controlled, refundable if not usedHSAs: Employee-owned, portable and tax-advantaged✅ How to Structure Benefits to Be Fully Tax-DeductibleWith the proper documentation, ClaimLinx helps businesses implement:IRS-compliant Section 125 plansHealth reimbursement plans that are fully deductibleSystems to ensure compliance with IRS Publication 502✅ Who Can—and Can’t—Participate in Pre-Tax PlansTom explains that S corp and LLC owners (with more than 2% ownership) generally can’t participate in Section 125 pre-tax medical plans, but C-corp owners and employees can.✅ Why So Many Business Owners and CPAs Miss ThisTom emphasizes how most CPAs and HR departments are either unaware of these options or avoid them out of fear. ClaimLinx simplifies the setup and ensures full legal compliance.✅ Real-World Savings: From $2.4K a Month to $280Tom shares a recent case where a small business owner and his wife went from paying $2,400/month in health premiums to $280/month—with better coverage and full deductible reimbursement through a manufacturer’s savings card.Most businesses are missing thousands in tax savings every year because they’re not structuring benefits properly.ClaimLinx helps businesses implement fully compliant tax-saving benefit structures that reduce premiums, lower tax exposure, and improve employee retention.It’s not just about savings—it’s about reclaiming control from insurance companies and brokers who profit off overspending.With the right plan design, companies can shift benefit costs from a liability to an asset, increasing EBITDA and company value.“If you’re asking your employees to pay for healthcare through you, you’re not winning the game—you’re losing it.” – Tom Quigley“Most CPAs are afraid of the IRS. But the law is the law. We’ve been doing this for over 20 years—and it works.” – Tom Quigley“This is like turning a $100,000 expense into a $2 million sale on your balance sheet. And it starts with a conversation.” – Tom Quigley👉 Visit ClaimLinx.com📞 Schedule your free consultation with Tom and the ClaimLinx team💡 Start your savings journey in as little as 30 daysSubscribe to the Cutting Edge Benefits Podcast on Apple Podcasts, Spotify, and YouTube for weekly insights on transforming your benefits strategy, reducing costs, and staying ahead of changing tax and compliance rules.#ClaimLinx #TaxSavings #Section105 #HRA #HSA #FSAs #Section125 #EmployeeBenefits #BusinessTaxStrategy #HealthcareSavings #TomQuigley #CuttingEdgeBenefits #SmallBusinessFinance #CFOPlanning #NeilHaleyShow🔍 In This Episode:🎯 Key Takeaways:📣 Notable Quotes:📍 Want to Start Saving Now?