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Business Owner Savings

6 Practical Steps to Increase Working Capital for Your Business

Without an offensive posture determined to save your company money, economic insecurities, supply chain disruptions, and managing a challenging workforce can influence companies to be more reactive, adjusting to the ever-changing rules and guidelines. Now is the time to be proactive, but most business owners cannot invest the hours to become a financial expert and stay current with the latest tax strategies. 

Businesses need a partner whose primary focus is to make companies more profitable. Below is a list of strategies that we would love to talk more about with you!

Level Funded Health Care

Business Estimated Savings: 10 - 30% on health care premiums for group plans

Over the last twenty years, employers have been faced with double-digit rate increases on employee healthcare. The only options have been to reduce benefits, pass the extra cost on to the employees, or eliminate the plan completely. Many employers are not willing to accept these options and have decided to purchase an Employer Driven Health Plan.

Most health plans are developed from the top-down by actuaries and underwriters who are out-of-touch with their primary principles, employees.

Why pay a high fixed premium every month assuming every person is using your group health plan? Contact us today and let us help you maximize your dollars.

Healthy Lifestyles Program

Business Estimated Savings: $500 per enrolled employee per year

Employee Estimated Savings: $1,800 average annual increase on employee paychecks through FICA tax savings

Let us talk with you about a preventative care management program through the Affordable Care Act that utilizes proprietary protocol to deliver improved health, tax savings and value-based benefits to employees without reducing their take home pay. It fills the gaps to supplement in-person clinical and psychosocial care management by guiding employees through their healthcare journey, offering condition specific health and wellness information that’s personalized for each participant.

No reduction in employee take-home pay and is funded 100% through tax savings for the employer - no capital funds to deploy. As a bolt-on to an employer’s existing healthcare program, it does not require any changes to what you already have in place.

Contact us today to start saving and help employees be heathier and more productive.

Credit Card Processing Fees

Business Estimated Savings: 15% average savings on processing fees or elimination of fees.

In today’s world, electronic payments represent most of a merchant’s transactions. Credit card processing fees take away funds you could be investing back into your business. Reduce your credit card processing rates to ZERO %.

The card associations have changed their rules, permitting merchants to recoup the costs associated with credit card transactions. Instantly improve your cash flow and net income by approximately 15% and receive 100% of sales proceeds immediately. No term contract required, and all of the activation is handled for you. You will have a single point of contact, or concierge with dedicated PCI compliance team and 24/7 customer support.

Receive a no-cost analysis to see how you can save your business money by sending us the last two months of your merchant statements. No obligation to move forward. Contact us today.

Utility Bill Audit

Business Estimated Savings: 15-20% average refund

Even the largest and most sophisticated businesses are often not aware they are being overcharged by their utility providers. The complexity and technical nature of the billing process make it almost impossible to determine the accuracy of monthly bills. More than 90% of businesses are overcharged. Even small overcharges, when billed month after month, add up to significant refunds.

We will identify errors, overcharges, and cost reduction in the following areas:

  • Utilities: Power, Gas and Water
  • Telecommunications: Local, Long Distance and Cellular
  • Solid Waste Disposal

 We are paid only for results. If we cannot save you money, you owe nothing. Get refunded for past overcharges while also saving on future bills with a risk-free assessment today; contact us today.

Employee Retention Tax Credit

Business Estimated Savings: up to $26,000 per employee, for businesses that qualify

 From government mandates that caused a disruption in your business, to supply chain issues that affected normal operations, many businesses suffered from the long-term effects of the pandemic. If you have 50 - 499 employees on aggregate, you could potentially qualify for a refund up to $26,000 per employee, in the Employee Retention Credit Program. 

Time is running out to apply for this tax credit. If you have been told that you don’t qualify, it is worth a call to explain why you might. Contact us today to review your business situation.

Proactive Tax Planning  

Tax planning is not planning how much tax you have to pay; tax planning is planning on how to minimize your tax liability by utilizing tax strategies. We can help you reduce your adjusted gross income through charitable strategies and tax-deductible investments. This is a more customized approach and is worth a conversation to learn more. Contact us today.

As you can see, there are substantial savings in each strategy that your company could capitalize on. All of these strategies require no up-front cost to you, other than your time. By shifting to an offensive posture, you could save your company hundreds of thousands of dollars. Contact us today to get started.