Premiums are generally tax-deductible as a business expense. Because of that, benefits are taxable business income, which is usually offset by the deductible overhead costs they pay, such as rent, utilities and staff salaries.
How are premiums and benefits taxed?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about Business Overhead Expense
Keeps your business running if you can’t work because of an accident or illness.
More questions about Business Overhead Expense
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