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  • The Top Section 125 Cafeteria Plan Providers

    The Top Section 125 Cafeteria Plan Providers

    A summary of the top 5 Section 125 Cafeteria plans providers: 1. The Champ Plan The CHAMP Plan™ is a self-funded, personalized, clinical preventive healthcare program that has been designed to complement an organization’s primary healthcare insurance in such a way that it makes the organization’s healthcare coverage highly cost-effective and beneficial in terms of employee…

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  • Case Study 2: 500-Employee Manufacturing Business

    Case Study 2: 500-Employee Manufacturing Business

    Client Profile The Challenge Despite strong growth, the company was struggling with rising healthcare premiums and high employee turnover. Leadership wanted to reinvest in expansion, but margin pressures left little room to maneuver. Our Approach The Results Total Impact: $5.16M in new savings annually Engagement Model We charged 30% of verified savings, totaling $1.55M. Net…

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  • Case Study 1: 500-Employee Medical Clinic

    Case Study 1: 500-Employee Medical Clinic

    Client Profile The Challenge The clinic’s CFO knew they were leaving money on the table. Underpayments from insurers, outdated billing practices, and inefficient employee benefit structures were draining profitability. The leadership team needed a partner to uncover hidden revenue, but without disrupting patient care. Our Approach The Results Total Impact: $6.66M in new revenue and…

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  • Seasonal Employers and the ERC Eligibility

    Seasonal Employers and the ERC Eligibility

    Eligibility for the Employee Retention Credit for Seasonal Employers Seasonal employers can qualify for the Employee Retention Credit (ERC). They must have an active business during a calendar quarter. Importantly, their operation should experience a full or partial shutdown due to governmental orders related to COVID-19. Alternatively, their gross receipts for a quarter in 2021…

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  • Understanding Lease Accounting for Beginners

    Understanding Lease Accounting for Beginners

    Lease accounting is a critical aspect of financial management for businesses that engage in leasing assets such as real estate, vehicles, and equipment. With the introduction of new lease accounting standards like ASC 842 and IFRS 16, it’s more important than ever for businesses to understand the intricacies of lease accounting and ensure compliance with…

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  • New Business Eligibility For the ERC

    New Business Eligibility For the ERC

    New Business Eligibility The ERC is also available to new businesses that began operations after February 15, 2020. These entities, referred to as recovery startup businesses, can claim the ERC. They don’t have to show a decline in revenue or a forced closure. However, their annual gross receipts must not exceed $1 million. To be…

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  • Claim Wages Not Double Dipping With The ERC

    Claim Wages Not Double Dipping With The ERC

    Avoiding Double Dipping One critical rule to remember is the prohibition on “double-dipping”. This means you can’t use the same wages to claim the ERC and other tax credits or relief benefits. The IRS is strict about this to ensure equitable distribution of pandemic relief funds. It’s essential to keep meticulous records to avoid any…

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  • ERC Helps With Reduced Gross Receipts

    ERC Helps With Reduced Gross Receipts

    America loves the Employee Retention Credit for reduced gross receipts The Employee Retention Credit (ERC) continues to be a valuable tool for businesses in 2023. It supports businesses dealing with reduced gross receipts. The ERC encourages companies to keep their employees on the payroll. It does this by offering a tax credit for wages paid.…

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  • How ERC Helps In Partial Shutdowns

    How ERC Helps In Partial Shutdowns

    Using The Employee Retention Credit in Partial Shutdowns The Employee Retention Credit (ERC) serves as a crucial lifeline for businesses enduring partial shutdowns. It’s a refundable tax credit introduced by the U.S. government to support companies during challenging times. The credit specifically targets those businesses suffering revenue loss or experiencing full or partial shutdowns. The…

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  • How The ERC Provides Financial Flexibility For Businesses

    How The ERC Provides Financial Flexibility For Businesses

    Leveraging flexibility for Growth As the economy recovers, businesses may need to expand operations. The ERC provides a safety net that allows businesses to take calculated risks, invest in growth opportunities, and hire more employees. This flexibility contributes to the overall financial health of the businesses, stimulating growth. Comprehending the Employee Retention Credit The Employee…

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