Typical Situation: Our client has had increase premiums over the last few years. Maybe thinking about either dropping shopping for new, more affordable health insurance. The new laws and the Affordable Care Act may be miss-understood.
 
When you hear a business owner say:
·         “These Health Insurance Premiums are so high.”
·         “I am spending too much time dealing with HR situations.”
·         “What labor laws or regulations apply to me as an employer in today’s environment?”
 
PEO Provider will work with them help them with Cost Containment, HR Administrative Relief and risk management. They will help access their HR costs and provide a cost comparison to consolidate to one vendor. Our client will realize the economies of scale of joining a large organization and the ability to offer fortune 500 benefits.
 
How they Work The consultant will show group policy for health benefits (Since they are part of a group of over 350,000 lives, they can provide cost containment year after year. They can also look at a group policy for worker’s comp (possible reduced pricing and liability management). They will also help with HR since every client has their own dedicated HR Client Service Team.
 
Matching Ideas with Resources:

GLM can help get you set up. There are ways you can do it and not have to learn any new software, or learn the basics of QuickBooks and allow us to set you up. You can learn more at this Blog: ​http://www.glm-accounting-bookkeeping.com/blog--podcast/just-getting-accounting-started 

IRS.gov has resources to help business owners understand taxes
National Small Business Week is a great time for business owners to check out the IRS’s online resources and YouTube videos. Here are a few of the webpages and videos in the spotlight for this year’s National Small Business Week, which runs from May 5 through 11:

IRS.gov resources
These webpages help small businesses understand their tax responsibilities.

• Self-Employed Individuals Tax Center
  This a great resource for sole proprietors and others who are in business for themselves. This site has many handy tips and references to tax rules a self-employed person may need to know. Self-employed taxpayers will find information on topics including how to make quarterly payments and self-employed tax obligations.
• Small Business and Self-Employed Tax Center
  This page features links to useful tools and common IRS forms with instructions. Taxpayers can find help on everything from how to get an Employer Identification Number online to how to engage with the IRS during an audit. A link to the IRS Tax Calendar for Businesses and Self-Employed also provides at-a-glance key tax dates for businesses.
• Sharing Economy Tax Center
  It provides fast answers to tax questions and links to forms and resources related to the sharing economy. People who are involved in the sharing economy are those who use online platforms to engage in businesses, such as renting a spare bedroom, providing car rides and providing other goods and services.

​IRS YouTube videos
The small business playlist on the official IRS YouTube channel features several videos that are short, but that pack in a lot of helpful information. The videos walk business owners through topics such as:

• Estimated Taxes
  This video covers who needs to make quarterly estimated tax payments and how people can make them. For more information taxpayers should consult Publication 505 Tax Withholding and Estimated Taxes.
• Some Taxpayers Can File their Employment Taxes Annually
  This video discusses when and how to report to the IRS employment taxes withheld from employee paychecks.
• How to Voluntarily Correct the Classification of Your Workers
  This video covers how to reclassify workers as employees who were initially considered independent contractors.
• Your Taxes in the Sharing Economy
  This video reviews the tax responsibilities of people who participate in the gig economy.

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