Many of us serving small business clients end up trying to help them solve workers comp coverage problems. Companies come and go --- premiums go up and up --- reporting requirements get continually tougher --- and everybody blames the other guy.
One possible solution might be The Hartford and their XactPay product which is now available to QuickBooks users!
The new offering allows a QuickBooks user to integrate workers compensation insurance premium payments directly into their payroll processing. If you have clients that have difficulty managing cash flow (that's a little accounting humor there --- that's like saying "if you have clients that breathe") this may help. The XactPay process uses actual payroll data thus eliminating the need for up-front deposits and [theoretically] reducing insurance audit risk. It just might be a great solution for your small business client who wants to manage their cash flow.
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