You probably decided to outsource your payroll processing because running payroll can be a complicated and time-consuming task. Did you know that Patterson & Company CPAs pllc can also make it easier to pay for your worker’s compensation benefits? It’s true. We’ve partnered with The Hartford, a leader in small business insurance, to offer you competitively-priced worker’s compensation benefits with payment options that give you cash flow benefits.
When you buy a worker’s compensation policy from the Hartford, you can elect to pay premiums with their XactPAY option. Compared to an estimated annual payroll amount, XactPAY relies on real-time payroll to calculate your premiums, resulting in more accurate premium payments. This means you’re less likely to be on the hook for an adjustment at the end of the policy term because of under-reported payroll or pay more than you need to throughout the year. And with XactPAY, there are:
In addition to cash flow benefits, XactPAY saves you:
With XactPAY, we transmit the amount of your payroll to The Hartford each time it is run. They calculate the premium you owe based on that payroll and will deduct the amount due from your bank account after each payroll cycle. You’ll receive a notification one day prior to the request is sent to your bank with the withdrawal amount or premium due. It’s that simple!
Get a worker’s compensation benefits quote from the Hartford and sign up for XactPay! Contact us at 502-276-0956.
BOSS is the answer to your back office headaches. Our cloud-based solution enables you to hand complex accounting tasks over to us. We work the numbers while providing you 24/7 access to your data.
June is national safety month, and it never hurts to remind your clients and community that safety always comes first. Our goal with this blog is to help you augment your marketing initiatives with a few ideas around safety. While we can’t cover every industry in a single post, we hope that you find the tips below useful and that they spark some innovative new marketing ideas!
It’s graduation season, and for many parents that means it’s almost time to start shelling out for college tuition. For those well-prepared parents with established 529 plans in place, the time has come to tap into that money pool. Of course, when it comes to tax-advantaged savings, trust that the IRS is keeping close watch, so it’s important to avoid making any rookie mistakes. It’s also important to keep saving as you move forward.
Having a remote workforce can be challenging, especially if you are trying to build a positive, collaborative work environment. So, how do you create a sense of comradery when you have staff in remote locations? These tips can help: