Is your accounting firm… or worse your clients paying too much for benefits?
Whether it’s a group plan that renews Jan 1st, or a PEO where payroll taxes reset on Jan 1st, now is the ideal time to see options to pay less for one of the most expensive costs for any business.
How BE Group’s Employee Health Benefits Consultants Saved an Accounting Firm $45,455.88 and Their Client $114,000.
A small accounting firm with a concentration of clients in specialized areas and a seven accountant team who understood their clients’ unique needs required a “Fortune 500” level benefit program to keep their key employees intact, especially in light of the declining number of accounting majors coming out of colleges. Typically, a very expensive proposition, BE Group was able to give them exactly what they needed at renewal, which was the same level of benefits while saving almost 50%… from $136,000 to $77,000.
A mid-sized 40-person non-union HVAC/Mechanical company needed skilled labor to handle its portfolio of projects. To maintain this workflow required the company to recruit union workers which was a very tall order due to the level of benefits the unions offered. BE Group was retained to help and offered “Fortune 500” level benefits at a cost that was palatable to the company and made sense from a balance sheet standpoint. In fact, the savings were over $114,000 or a 19.38%.
How BE Group’s Employee Health Benefits Consultants Help Accountants Become True Trusted Advisors
53% strongly agree that you are a trusted advisor, but that rises to 88%… if you offered the right services.
Are you truly thought of as a trusted advisor by your clients? 86% of small business owners agree their accountant is a trusted advisor, yet only 53% strongly agree. But when an accountant offers the right level of service, as many as 88% of small business owners strongly agree they are trusted advisors.
According to an industry-wide survey from CPA Practice Advisor, HR services are one of the best ways that accountants can become invaluable to their clients. Not only does the average SMB spend 40+ hours on HR and payroll related processes instead of more growth-oriented activities, but less than 50% expressed confidence they are doing a good job in handling their HR.
That’s where BE Group can be a critical tool by understanding the needs of accountants and their clients. We can help provide objective and thoughtful PEO and benefits solutions that will help your clients while saving significant costs… ensuring your status as a true and valuable trusted advisor.