FSAs are an innovative way to provide healthcare coverage for employees, but employers need to answer these questions to ensure IRS compliance.

The retirement plan allows small business owners to maximize their contributions while sailing safely through annual IRS-mandated compliance tests.

If passed this year (and it's likely it will), it could be the biggest retirement legislation in years, essentially getting more workers covered by employer-sponsored plans.

Only half (46%) of small companies - those with fewer than 100 employees - offer a 401(k) or similar employee-funded plan, according to Transamerica Institute.