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.
Small business owners in many communities offer downtown trick or treat events. Take advantage of this opportunity to build your business reputation. Involvement in local events goes a long way with both existing and prospective customers—indicating a vested interest in your community. Find creative ways to make your business stand out this trick-or-treat season. We hope the following suggestions will spark fun promotional ideas:
October marks Women’s Small Business Month, and we are happy and proud to recognize women in business both locally and around the world. Successful business women of the past and present continue to forge new paths for female entrepreneurs. We celebrate all those who are breaking the glass ceiling and serving as role models and mentors to women everywhere.
For many business owners, September tends to bring a bit of a slowdown. The chaos of getting kids prepared for going back to school has passed, and a focus on saving money tends to kick in as people prepare for the coming holiday spend. Combined, this can often translate into a lull for business owners.