"To empower employees with the tools they need to manage stress, improve their overall wellbeing, and achieve greater success in their personal and professional lives. We are committed to providing high-quality breathwork, sound healing, and meditation services that are tailored to the unique needs of each individual and delivered with compassion, expertise, and professionalism."
Mental health is a growing concern in the workplace. According to the World Health Organization, depression and anxiety disorders cost the global economy an estimated $1 trillion in lost productivity each year. Here are some statistics related to mental health in the workplace that demonstrate the need for corporate wellness programs that address these issues:
Mental health issues are the leading cause of disability worldwide, and 1 in 4 people will experience mental health issues at some point in their lives.
In the US, an estimated 1 in 5 adults experience mental illness each year, and depression is the leading cause of disability among Americans aged 15-44.
Mental health problems can lead to absenteeism, presenteeism (being present at work but not fully productive), and turnover, which can cost companies significant amounts of money in lost productivity, recruitment, and training expenses.
By investing in a corporate wellness program that addresses mental health, companies can potentially improve the bottom line by reducing the costs associated with absenteeism, presenteeism, and employee turnover. In addition, a happier and healthier workforce may also be more productive, leading to increased revenue and profits. Furthermore, companies that prioritize employee wellbeing are likely to attract and retain top talent, further improving their financial performance in the long run.
CAN THIS BE A TAX WRITE OFF?
The IRS allows businesses to deduct expenses related to employee benefits, including wellness programs, as long as they are deemed reasonable and necessary business expenses.
We meet the following criteria for Tax write off's:
Program must be primarily for the benefit of employees and their dependents
Program promotes health or prevent disease
Program must not discriminate in favor of highly compensated employees
Your business can typically deduct the cost of the program as an ordinary and necessary business expense on your tax return.
It's important to note that tax laws and regulations can be complex, and businesses should consult with a tax professional or accountant to ensure that they are following the proper procedures and meeting all of the necessary criteria to qualify for the tax write-off.