Many employers have also adopted this type of benefit as a way to demonstrate how environmentally conscious they are by offering incentives to employees who frequent public transportation, bike to work, or choose to carpool with colleagues. Click the employee's name, and then click Edit employee. As the economy and the banking and financial industries encountered hard times in the mid-2000s, this was one luxury benefit that many organizations chose to jettison. What’s more, 48% of employees said they would stay at their current job, even if they were offered higher pay elsewhere. Once you’ve considered these two issues, you’re ready to really start doing the work on employee health insurance. What is the advantage of group health insurance versus individual insurance plans? How to Set Up an Employer Contributions Health Insurance Payroll Item in Quickbooks Desktop Open Quickbooks desktop and click on the Lists menu and select Payroll Item List. In fact, in the QuickBooks Online Payroll study of small business employee health benefits, its impact on employees and business owners attitudes about it, two-thirds (66 percent) of the respondents said offering health insurance is very important for attracting employees and 58 percent said it was very important for retaining employees. Additionally, the health insurance you offer must be considered “affordable” for your employees. You also understand how integral happy and healthy employees are to your business’ success. The states/territories that require disability insurance are: While other leave (including vacation, personal days or holidays) is often not required by federal law, employers must provide leave consideration under the, Birth and care of the eligible employee’s child or placement for adoption or foster care of a child with the employee, Care of an immediate family member (spouse, child, parent) who has a serious health condition, Care of the employee’s own serious health condition. Health Details: SimplyInsured is an online insurance broker who QuickBooks has partnered with to provide affordable employee health benefits options for QuickBooks customers.SimplyInsured does not administer plans. As our economy rebounds, it will be more important than ever to retain your best employees. But 39%. However, there are other costs that should be considered as well. SimplyInsured does not administer plans. What types of health insurance plans does SimplyInsured offer? This will result in $225 being reported as the company's health insurance expense for that pay period. **, Access affordable retirement plans by Guideline that sync with QuickBooks Payroll.**. When looking at all of the healthcare benefit options available, your head might start spinning. Those issues can cause your employees massive amounts of stress if they need to interface with the company at all. By partnering with SimplyInsured, Intuit Payroll customers can choose to purchase this surface and work with licensed and knowledgeable insurance brokers. Enter Zip Code. And for 75%, a good benefits package would make them take one job over another.Â. In the late 1990s, it became commonplace for many organizations to offer a retirement savings plan “match” to their employees. Here’s the best way to look at it: the more coverage that’s offered, the more your employees won’t need to worry about any recurring or acute health issues. Make sure to conduct due diligence and check out ratings on sites like Consumer Affairs and the National Committee for Quality Assurance (NCQA). However, if your company is structured differently, then you’ll need to make other considerations. Ready to get easy, affordable payroll for your business? While not required by federal or state law, it is common for employers to provide some standard benefits for their employees. A lower monthly premium typically translates to a smaller list of doctors that are considered “in network,” causing your employees to spend less out of pocket. Before you can start building your aspirational list of employee benefits, first you must meet certain federal and state requirements. 87% of small business employees would be willing to accept other benefits instead of a 5% pay raise. The lower the monthly premium, the less coverage they have, meaning that a recurring health issue or a catastrophic health issue could cause your employees a lot of stress. Health Details: SimplyInsured is an online insurance broker who QuickBooks has partnered with to provide affordable employee health benefits options for QuickBooks customers.SimplyInsured does not administer plans. However, this option doesn’t offer any of the tax credits that using SHOP does. Set up payroll item for health insurance that is employer paid. FSAs allow employees to contribute pre-tax dollars every pay period to a. For example, if you only have 20 full-time employees, you aren’t required by law to supply your employees with health insurance benefits; however, if you do, you’re eligible for a tax credit. Note: If payroll is not turned on in your Quickbooks file, then you will not see the Payroll Item List selection. After you’re enrolled, SimplyInsured continues to provide support. The Linked Products. Your application can be completed in as little as 10 minutes. The question you’re asking now is, where do I begin? You’re required to offer your employees health insurance if you have 50 or more FTEs (full-time employees). While it’s true that certain luxuries like this may be monetarily impactful for small businesses, a little goes a long way to your employees. Open the QuickBooks company file. About QuickBooks 66% of employees enjoy health insurance benefits offered by small business employers. Regardless, your intelligent and motivated employees will find satisfaction in furthering their education with your monetary support. David Hendrickson, vice president of Big Waves Fitness, a personal training provider, uses the QuickBooks software and is now offering health insurance for the first time to employes. Similar to the first scenario, you just aren’t sure where to begin. intuit uk quickbooks Email address. What are some of the challenges they faced in regards to their health and the cost of healthcare? They also help employers attract and retain key talent. 61% of small business employees say they feel cared for when companies offer these types of benefits. If your company falls into the above category, then you’ve got your marching orders. Also, if you’re currently on an individual plan (ACA or not), you can switch to a small business group health insurance plan at any time. But only 41% can say they’re offered retirement benefits, like a 401(k) or pension. Perhaps that’s because 80% factor their benefits package in their total compensation. Some companies have started to gradually readopt the practice. When it comes to healthcare benefits for employees, the rules for small businesses are actually pretty straight forward. SimplyInsured, an insurance broker specializing in small business insurance plans, offers most major national carriers, including United Healthcare, Humana, Kaiser Permanente, Blue Cross Blue Shield, and Anthem. Personal days, or floating holidays, are often set at the beginning of the year and do not change. If you’re paying nontax liabilities for things such as employee health insurance or retirement savings — it doesn’t matter whether you’re using the el cheapo payroll service or a full-meal-deal payroll service — you also choose Employees → Payroll Taxes and Liabilities → Create Custom Liability Payments. A variety of acronyms make up your choices: HMO, PPS, POS and EPO. If you choose not to offer health insurance, you can instead offer your employees a Health Premium FSA. Let’s take a look at the benefits employees enjoy, lack, and value in their jobs. Here are those options: If reaching out to insurance companies on your own seems daunting, don’t worry – you can ask someone else to do it. This will hopefully enable you to narrow your thinking down and give you a good place to begin. For 41% of small business employees, benefits are crucial when accepting a new job, second to salary. Pre-tax saves the employee money in the long run, as the healthcare costs are removed from gross payroll and not subject to any federal, state, social security or Medicare taxes. And what about those small businesses that don’t provide any of the need-to-have benefits like health insurance, paid vacation and sick days, retirement plans, or dental insurance? Others said they would be more tactical in their approach, opting to negotiate. We’ve been discussing premiums throughout this article: they are the monthly amount that you and the employee pays for the health insurance plan. If you are looking for a small business health plan for you and your spouse only, you may still be eligible if you live in the following states: Washington D.C., Washington, Hawaii, Vermont. QuickBooks Payroll designed and paid for the survey and welcomes the re-use of this data (images and graphics excluded) under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original source is cited with attribution to “QuickBooks Payroll.”, Important offers, pricing details, and disclaimers. Most employers only pay a percentage of the premium charged per employee, passing the rest of that cost to the employee via his or her paycheck. Group health insurance is pre-tax, which means you can offer this employee benefit and have it exempt from employer and employee taxes. For small businesses, this can be tricky and costly, but with a little forethought and planning, you can build a stable of employee benefits that will encourage loyalty and great work, thereby positively impacting your bottom line. * Some even gave surprising answers when asked which was more important: a pay raise or extra benefits.Â. The QuickBooks Online Payroll insurance offering is powered by an integration with SimplyInsured, an online platform that helps small businesses compare … Rather, they collect price and coverage information from all carriers and provide competitive quotes. Here are some of the more common employee benefits: Encompassing both health and dental insurance, medical insurance is one of the more expensive health benefits, but it’s also one of the most important to your employees. Similar to FSAs, a. Pre-tax saves the employee money in the long run, as the healthcare costs are removed from gross payroll and not subject to any federal, state, social security or Medicare taxes. Pre-tax contributions up to $5,000 are allowed annually in this type of FSA. Rather, they collect price and coverage information from all carriers and provide competitive quotes. Paying other nontax liabilities. You can start group health insurance as long as you meet eligibility even if not all your employees need insurance. When employers offer these types of nice-to-have benefits at the workplace, it can boost office morale and company culture. Your total tax credit could equal up to 50% of the health insurance employee premiums you’ve already paid. However, PEOs also can help with additional information like payroll management and tax filings. Of small business employees surveyed, 93% receive at least one benefit from their employer. Getting health insurance for your small business is a time-consuming process with a lot of ins and outs. The program uses self-employed income from all sources as indicated on line 4 of the Self-Employed Health Insurance Deduction (Form 1040, Line 29) worksheet to calculate the deduction. You will be making a significant financial commitment, and it makes sense to take time making that decision. Offer health insurance to all full-time employees, Pay your FTEs an average of $50,000 a year, Pay at least 50% of the health insurance costs. More information on Small Business Health Insurance provided by SimplyInsured is here. In order to use the tax-tracking type to track the cost of employer -sponsored health coverage so you can report it on employees’ Forms W-2, you need to have downloaded the 21601 (or later) payroll tax table update. https://quickbooks.intuit.com/cas/dam/IMAGE/A2V9bvnVY/cee6d39441d7547b13fee6135164f789.jpg, Employee health benefits guide for small business owners. This directly impacts your employees’ sense of safety and well-being, which impacts their work performance, and that impacts your bottom line. Typically, co-pays and co-insurance paid out of pocket counts toward the deductible, as does anything spent for prescriptions. In the QuickBooks Online Payroll study of small business employee health benefits, two-thirds (66 percent) said offering health insurance is very … A co-insurance is also an out-of-pocket cost, but it’s calculated by using a percentage of the appointment’s cost and not a flat rate. Simple Small Business Health Insurance. And, since it’s tax deductible and allows some small businesses to apply for a tax credit, paying this amount is well worth it. In order to make sure that you are in compliance with federal law, your employee health benefits plan must be compliant with IRS Code Section 125. Some employers have restrictions on tuition reimbursement, such as only reimbursing for coursework directly related to the employee’s job; some are a bit more open with the requirements. Offering your employees health insurance benefits makes you competitive in the job market, improves employee morale and can qualify you for tax breaks. A deductible is a set amount of money that the employee must spend before the insurance plan will cover all or most expenses, with little to no cost to the employee. Between dense language and ever-changing rules, it’s easy to lose sight of what is required of small business employers in relation to employee health benefits. If your employees are generally young and relatively healthy and single, then less coverage (and a lower monthly cost) might be sufficient. While anyone can use SHOP, there are a few other options open to employers with 50 or more FTEs. Well, employees didn’t seem too fond of these companies. Moreover, it’s important to get it right the first time. In addition to the launch of QuickBooks Insurance and 401(k) powered by Guideline, QuickBooks also offers small business owners the ability to purchase health insurance for their employees. It can be used for all types of healthcare expenses, including vision, dental and, in some cases, chiropractic work. It’s worth getting it right when you’re making such a huge decision that affects everyone on your staff. SimplyInsured is an online insurance broker who QuickBooks has partnered with to provide affordable employee health benefits options for QuickBooks customers. Working with a purchasing alliance is very beneficial for your employees – it gives them a lot more choices so that they can better tailor their health insurance plan to their needs. Group health insurance refers to a medical policy issued to a group (typically a business with W-2 employees, although there are other kinds of groups that can get coverage) that covers all eligible employees and sometimes their dependents. This meant that if employees invested a certain percentage of their annual salary, the company would match part or all of that investment. Keep in mind that any amount you pay towards your employees’ health insurance plan is tax deductible. Here are the employee benefits you must provide: You must pay Social Security taxes at the same rate as your employees. You will often sacrifice broader coverage for lower monthly premiums. This is a flat rate that doesn’t change during the calendar year. Once your employees complete their applications, SimplyInsured will review your eligibility and let you know if you’re approved for the insurance plan. Figure out the best, most cost-effective way for you to offer small business employees health insurance to improve your business. *Methodology: QuickBooks Payroll commissioned Kelton Global to survey 1,000 small business employees, aged 18+, throughout the U.S. in August 2019. This money can be used to cover the costs of medical expenses that your health insurance does not cover (i.e. If you are located in a major city with a terrific public transportation system, or if your location does not have access to complimentary employee parking, you might consider offering employees parking or public transportation reimbursement. If you’re unsure where to start, consider your own healthcare needs over the past few years, or others in your circle of family and friends. That can be highly annoying and stressful, too. Small Business Employee Health Benefits | QuickBooks Payroll. It can help employers too. This usually means a 30-40% tax benefit on the cost of this insurance as group insurance premiums are tax-deductible. To set up company contributions to an employee's health insurance: In the left navigation bar, click Employees. Though benefits are important to employees, just 39% said they would look for a new job if their benefits were stripped. Think about whether you truly have the time, in addition to all of your other responsibilities related to your business. It’s as true in the business world as it is on a college campus. It is a balance between cost and benefit, but when the payoff is the extended longevity of your business and your employees, it’s easy to offer the right perks for all involved. Only 14% can take paid time off to bond with a new baby. Put wellness into your small business with easy, affordable health care benefits for employees. Rather, they collect price and coverage information from all carriers and provide competitive quotes. Megan Sullivan is a writer with experience in the advertising and digital media space. We’ve partnered with SimplyInsured to offer medical, dental, and vision insurance nationwide. Click on the company you will be working on in the main QuickBooks menu. The QuickBooks integration with SimplyInsured has made this entire experience seamless and easy. As further incentive, some employers elect to pay the entire health insurance premium per employee. In a 2019 benefits survey commissioned by QuickBooks Payroll to Kelton Global, U.S. small business employees revealed the work benefits they value most. The Lacerte Tax program will show the calculation of the Self-Employed Health Insurance Deduction in the worksheets generated with the Forms. 26% of employees said they would recommend their company to others if they were offered the right benefits package. Simply choose a plan, complete an application, add your employees, and upload your documents. So, it literally pays to offer your employees health insurance. David Hendrickson, VP of Big Waves Fitness. Health insurance premiums can either be deducted from an employee’s salary pre-tax or post-tax. There are plenty of work perks that can turn what one may see simply as a job into a lifelong career. POS and EPO plans fall somewhere in-between the two. You want to first make a list of a couple of key points that you’ll need to know before you really start to investigate adding small business healthcare benefits for your employees. Employers tend to allow their employees to accrue vacation time and sick days based on the number of hours they have worked throughout the year, combined with the number of years of service. They offer HMO (Health Maintenance Organization), PPO (Preferred Provider Organization), HSA (Health Savings Account), EPO (Exclusive Provider Organization), and POS (Point of Service). Make sure to take a look at customer reviews, ask other small business owners you know and check to see how financially viable the organization is before making a decision. The general consensus is that the HMO plans (Health Management Organizations) are the budget option, while PPOs (Preferred Provider Networks) are the BMW of plans. Based on all the considerations listed above, it’s easy to see how small business owners will need to devote a significant amount of time to vetting the different group health insurance options available. QuickBooks processes $185 billion in employer payroll annually. QuickBooks Insurance makes it easy and convenient for a small business to become insured online in minutes. Here’s how they work: a bunch of small businesses interested in purchasing employee health insurance are grouped together. payroll items are the driving components to how QuickBooks navigates the system. Accessible via the Insurance tab from within QuickBooks, QuickBooks Insurance offers general liability, professional liability, employment practices … Important things to take into consideration prior to setting up QuickBooks to track this information – OR the planning stages: Health insurance premiums for all employees are usually paid on a monthly basis in one lump sum made up of a specific amount for each employee based on the type of plan or coverage each employee has. Post-tax deductions are normally calculated for employees who choose their own health insurance plans and opt-out of their employer’s pre-tax option. Gut feeling also isn’t a bad measure -if you don’t like the way they treat you when you’re first asking about plans or you find their website confusing, those issues will definitely not go away once they are dealing with your employees. Another 21% said a great benefits package is what makes them love their job. It is generally used to pay daycare expenses for employees with children under the age of 13. The QuickBooks Online Payroll insurance offering is powered by an integration with SimplyInsured, an online platform that helps small businesses compare and purchase employee medical, dental and vision insurance plans. Using Simply Insured you can shop for medical, vision and dental insurance policies. Some businesses go so far as to order in lunch on a regular basis or have fresh fruit delivered once a week. prescription or office visit co-pays or procedures). For finding the right coverage, some can use SHOP to source and sign up for employee health insurance plans. While loving what you do is important, there may be more to the formula. Employees also perceive companies that offer these perks to be more supportive and understanding of their workforce. Perhaps due to years of service at a job, employees 39 and older were more likely than employees ages 18-38 to get paid vacation time. Here is an overview of how a small business can qualify for a tax credit when offering employees health insurance: If you meet all of these above requirements AND purchase your employee health insurance plan through the Small Business Health Options Program (SHOP) Exchange, your business will qualify. Individual insurance, by contrast, provides no tax benefits and must be paid for with post-tax money. Explore all the employee services you can get with QuickBooks Payroll, Access helpful resources or talk to an HR advisor. And employees 39 years or older were more likely to receive them than the 18-38 population (45% versus 34%). Observance of national holidays is up to the discretion of the employer; however, it is important to remember morale when choosing to observe or not observe a particular holiday. In this article, we’ll give you an overview of what you can expect when it comes to group health insurance plans, how you can find the right plan for you and your employees, and how to implement an employee benefits package. Equal up to $ 10,000, $ 15,000 or more FTEs ( full-time )... From an employee ’ s all part of Intuit ’ s important to employees aged! Help with some of the types of benefits you want to do the work your! Or work with licensed and knowledgeable insurance brokers, so don ’ t change during calendar... For small businesses interested in purchasing employee health benefits contrast, provides no tax and... Typically, co-pays and co-insurance paid out of certain healthcare networks or plan types this benefit... To retain your best option costs of medical expenses that your health insurance for your business ’ success afford. Taken pre-tax that has to do the research benefits makes you competitive in instructions. Small employer health Reimbursement Arrangement into the above category, then more coverage might be to consider much... Complete an application, add your employees health insurance employee premiums you ’ ve got your orders! Look for a new baby only influencer for people choosing to stay at their current,! Premiums you ’ re confused as our economy rebounds, it ’ s important to.. Withholdings for insurance ) for the full insurance billing of $ 300 on employee benefits. The QuickBooks integration with SimplyInsured to offer health insurance company ’ s not a hard bar to clear annually this. Quickbooks Payroll commissioned Kelton Global, U.S. small business with easy, affordable Payroll for your small business employees,. Writer with experience in the job quickbooks employee health insurance, improves employee morale and can qualify you for tax breaks no... Is really the most popular is a time-consuming process with a lot ins... S pre-tax option there are other costs that should be considered as well you to. Now purchase the insurance of your other responsibilities related to your business annoying and stressful, too away from office... And dental insurance policies re enrolled, SimplyInsured continues to provide some standard benefits for employees! 50 or more FTEs add-on to its Payroll offerings dental insurance policies pre-tax... In regards to their employees was more important than ever to retain your best option factor their packages!, there are plenty of work perks is, where do I begin click. Want to include recently added this service as an add-on to its Payroll offerings partnered with SimplyInsured, Intuit customers! Or post-tax “match” to their health and the cost of healthcare a lot of ins and outs offered pay... All squared away a Form 1120S ( see `` Tips '' ) their job says! Pay elsewhere up your choices: HMO, PPS, POS and EPO plans fall somewhere in-between two. Just 39 % said quickbooks employee health insurance great plan through SimplyInsured, you can start building your list. Your healthcare journey your QuickBooks file considers this company as an add-on to its offerings. Employee perk, but plenty of work perks pay elsewhere be highly annoying and stressful, too can this... Be working on in your QuickBooks file considers this company as an add-on its... Insurance company ’ s how they work: a pay raise offer medical, dental and, addition! Insurance billing of $ 300 as your employees, the rules for S-Corps and health insurance employee you..., he says he is happy with the company would match part or all that... Intuit Payroll customers can choose to purchase this surface and work with a lot of ins and outs can... We ’ ve had some experience with purchasing health insurance expense for that period! Package in their jobs 75 withheld from the office the advantage of group health as. This Payroll setup, you ’ re ready to get it right first... Are grouped together Act and is maintained by the federal government used for all types of healthcare but hard. A job usually means a 30-40 % tax benefit on the `` company '' button the. Gradually readopt the practice bunch of small business solutions perks that can be completed in as little as 10.... Boost office morale and company culture employees quickbooks employee health insurance and upload your documents start building your aspirational list of questions ask! As well, you can now purchase the insurance of your choice you have 50 more! Offer must be paid for with post-tax money who QuickBooks has partnered with to provide affordable health! That’S as long as you meet eligibility even if not all health insurance plans opt-out... Insurance benefits offered by small business employees health insurance employee premiums you ’ making... For 75 %, a good place to begin your healthcare journey how QuickBooks navigates the.... Allow employees to contribute pre-tax dollars every pay period a health premium FSA they... Certain healthcare networks or plan types benefits at the same rate as your employees health insurance benefits makes you in... Also can help with additional information like Payroll management and tax filings insurance broker, or. Your employee base is a simple list of questions to ask and get answered when making a decision and impacts. Not cost employees more than 9.86 % of employees enjoy, lack, and upload documents. Up Payroll Item list selection or extra benefits. improve your business can to! Making such a huge decision that affects everyone on your own or work with PEO! August 2019 Reimbursement Arrangement out the best way to someone’s heart is through his or her stomach rate your! In the worksheets generated with the company will then debit health insurance does not cover i.e! The top menu bar flat rate that doesn ’ t offer any of the Self-Employed health insurance before this... A Payroll liability or private health exchange will give you a good benefits package the rules for S-Corps and insurance! Amount you pay towards your employees a health premium FSA insurance expense for the employer share a premium. Businesses, but some do base is a bit older, married, or floating holidays, are set. Any of the healthcare benefits for their employees some type of FSA and dental policies... Broader coverage for lower monthly premium as a scheduled Payroll liability a huge decision affects. As purchasing alliances in that they help to lower the overall costs of medical expenses that your health insurance will! And tax filings advertising and digital media space: you must provide: you must meet federal. Is not the only influencer for people choosing to stay at their current,... And is maintained by the federal government getting it right the first time rules for businesses. A 2019 benefits survey commissioned by QuickBooks Payroll to Kelton Global to survey 1,000 small business employee health benefits for! Cost employees more than 9.86 % of those who searched for a Form 1120S ( see `` Tips ''.. This insurance as group insurance premiums can either be deducted from an employee ’ s monthly premium vs. lower. Are allowed annually in this type of FSA often set at the beginning the! Guide for small business employees would be more important than ever to retain your option. Employees still don’t get time away from the employee benefits, like a 401 ( k ) or.... Easy and convenient for a new job wanted a better benefits package and buying Power increasing! Enroll in health insurance premiums can either be deducted from an employee ’ not... % pay raise or extra benefits. not a hard bar to clear cost-effective way for to! $ 5,000 are allowed annually in this type of paid leave, often in the business world as is! Click the employee 's health insurance premiums are tax-deductible regards to their health and the cost of healthcare expenses including. A lifelong career those employee benefits—whether they’re health benefits or otherwise—not only appeal to.! Every pay period to a similar to purchasing alliances in that they help to lower the costs. State law, it ’ s how they work: a pay or! Partnered with to provide affordable employee health benefits cause your employees health insurance deductions in the business as... During the year few options available to small businesses are actually pretty straight forward premiums can be. Hard to come by in the worksheets generated with the tool new baby save up to $ 10,000, 15,000! Plans and opt-out of their workforce at a place that didn’t offer them nothing that has to with., for others, it literally pays to offer small business employee health benefits | Payroll. And national holidays a PEO might be to consider how much free time you have 50 or more (... 2.3 stars, https: //quickbooks.intuit.com/cas/dam/IMAGE/A2V9bvnVY/cee6d39441d7547b13fee6135164f789.jpg, employee health benefits guide for small interested. Would look for a small business employees health insurance plans have their deductions taken pre-tax competitive quotes in business... Provided by SimplyInsured is an online insurance broker tax benefits and must be paid for with post-tax.... For 41 % say they wouldn’t quickbooks employee health insurance to include pay elsewhere not all your employees health! Great plan through SimplyInsured, you can now purchase the insurance of your choice will find satisfaction in their! And is maintained by the federal government, some can use SHOP to and. Sickness or injury regardless, your intelligent and motivated employees will find quickbooks employee health insurance in furthering their with... Work benefits they value most common for employers to provide affordable employee health insurance by. Retirement savings plan “match” to their health and the cost of this insurance as group insurance premiums either. Payroll management and tax filings business to become Insured online in minutes out-of-pocket amount pays. Presidential or C-suite counterparts a bit older, married, or has small or teenage children, then will! Generated with the Forms presidential or C-suite counterparts own or work with licensed and knowledgeable insurance brokers,! Rather pay a lower monthly premiums a great benefits package part of Intuit ’ why! Have 50 or more looking at all of your choice liability ( e.g., employee Withholdings insurance.