Expatriate Payroll

Pay as You Go Work Comp

From Risk(y) Business , 1 month ago, Read 0 times. Similar articles

There is a big push by insurance companies to have clients use their pay as you go work comp products. These products have insureds pay comp premium each month based on their payroll. This prevents the need for end of the year audits. These are good products because it allows business owners to pay only what is owed, no more estimated premiums. I think these products will be more the norm over the next few years. Until next time know your risks and be careful out there. K Read more

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Look for payroll bloat when reducing physican practice overhead

From Reed Tinsley, 1 month ago, Read 0 times. Similar articles

Think your operating overhead is as low as it can get' Think again. There's always something that can be tweaked to reduce overhead. To assess overhead, complete a financial analysis that compares it as a percentage of collections. Also, compare it to prior-year statements (both total and per area) and benchmarks. Once a comparison is complete, look for areas that can be reduced. Payroll Opportunities for reduction often appear in practice payrolls. If payroll costs seem too high,... Read more

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Expatriate Healthcare introduces no claims discount

From Insurance Daily , 2 month ago, Read 0 times. Similar articles

Expatriate Healthcare has introduced Premium Rewards, a reward scheme for existing and new international customers that offers discounts on premiums of up to 20%. Policyholders who remain claim free in the first year can earn a discount of up to 10%, rising to 15% after two years of no claims and to 20% after three years. New customers can claim the discounts if they can prove that they have not made a claim with their current insurer. The UK-based private medical insurer has also lowered... Read more

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IRS employment updates that may impact physician practices

From Reed Tinsley, 3 month ago, Read 0 times. Similar articles

HIRE Act Payroll Tax Exemption: Following changes by the HIRE Act signed by President Obama on 3/18/10, employers hiring unemployed workers after 2/3/10 and before 1/1/11 may qualify for a 6.2% payroll tax incentive, in effect exempting them from their share of the Social Security tax on wages paid to these workers after 3/18/10. The employee's 6.2% share of Social Security tax, as well as the employer and employee share of Medicare tax, still apply to the wages. A revised Form 941... Read more

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How to Get Involved in Currency Trading

From InsuranceStop.org, 4 month ago, Read 0 times. Similar articles

Forex, or foreign exchange, is a worldwide market for trading currency. For example, when a multinational company wishes to change millions of euro into Japanese yen, they can do so through e Forex. Market members can be made up of groups of worldwide corporations, or many solitary individuals. You can send out payroll to many different countries using different form of monies or you can transfer the proceeds from the sale of your own home to another country. No one is refused access to e... Read more

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Survey: More U.S. Businesses Anticipate Payroll Growth

From Great Insurance, 4 month ago, Read 0 times. Similar articles

Washington P/C Premiums Totaled $9.1 Billion in 2008

From Commercial Insurance Marketing f, 5 month ago, Read 0 times. Similar articles

The insurance industry provides nearly 51,000 jobsi n Washington with about a $3.2 billion payroll, according to the Northwest Insurance Council and Insurance Information Institute. In their …View full post on Insurance Journal Read more

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A thought on internal controls

From Reed Tinsley, 6 month ago, Read 0 times. Similar articles

Even with separation of duties, I find the lack of proper business oversight of internal practice controls astounding. In any position held with personal financial responsibility, you shouldn't just welcome oversight over internal controls; you should intentionally structure and provide it. But in physician practices, I have usually discovered that they have a "long-time, trusted" employee who manages the bank accounts, payroll, the company... Read more

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Insurance Audits

From Commercial Insurance Marketing f, 7 month ago, Read 0 times. Similar articles

Those words tend to make business owners very uncomfortable. I think it has more to do with the AUDIT part of it. If you have Liability or Workers compensation insurance you will eventually be contacted by an insurance auditor hired by the insurance company to conduct an audit. An insurance audit is basically a ?checking of the facts' about your business. When your policy was issued, your premium was based on your estimate of variable rating information, such as payroll or... Read more

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Trying to avoid paying work comp premiums'

From Risk(y) Business , 7 month ago, Read 0 times. Similar articles

A recent article in an industry blog, Comp Time, http://www.businessinsurance.com/section/blogs02, cites a large jump in uncollected insurance premiums. Apparently many employers are leaving their work comp carriers around audit time and finding another carrier. This is done to avoid paying any additional premium due. Many employers are signing up for work comp and drastically under reporting their payroll and then seek to avoid paying the premiums when an audit can turn up a higher actual... Read more

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