Charles Argenbright entered the co-employment world in the 90’s and has enjoyed helping start-up’s, small business owners and medium sized companies with 50 to 200 employees from the very beginning.
He obtained his Bachelor’s Degree from FSU and his first “real” job moved him to New York city. After that he worked with fortune 500 companies including Jack Eckerd Corp, Kroger, Winn Dixie, Delta Airlines and a host of companies that have as few as one or two employees all the way up to those with a few thousand.
When the average business owner reaches some lever of stable revenue he or she often thinks that now I can get “above” the radar with larger and more stable customers and STOP using a friend that is “sort of” a 1099, STOP saying “licensed and insured” when the only insurance is GL and Auto, STOP paying a labor company those super high rates when the job requires $ 1,000,000 in workers compensation coverage, STOP turning down good business with stable customers because you don’t meet their requirements.
My passion and daily efforts involve finding solutions for you that include workers compensation, payroll and tax filings, HR support, Insurance that protects you from employee related issues, benefits at affordable rates that a small company can actually afford. Give me a call anytime and let’s see if I can help you grow your business and save some money.
Recently I met with a landscaping company that had been with a large Payroll company for about 20 years. We went over their payroll records and I discovered that there were two areas where I could be a huge help. Their adm fees had slowly risen and their workers comp “mod” rate was at 2.0 or 200 % of the state rate. That mod rate increase was based on one claim that had happened over 3 years earlier.
I found a different provider, lowered the adm fees and returned their “mod “ rate to a 1.0 mod or 100% of the state rate. The savings came to over 500 dollars a week.
The average start up is an owner that has become very skilled at her or his profession, craft or trade….and is ready to stop creating wealth for others.
Most will set up an LLC, get set up on Sunbiz, get an EIN, purchase GL coverage, open a business bank account and get business cards printed… start marketing your services. You have ready-made customers, so there is revenue, but you have plans to GROW this business and for that you need to add larger clients and hire employees.
This is where we come in. Our sole purpose, with start-ups, is to help you obtain workers compensation for your staff of one or two people, set up payroll, Compliance, HR, tax filings, handbooks, written policies and, if you want, benefits including major medical, dental, 401-K, etc.
This is what we do and we must do this in a way that it is affordable for a business that is just getting started. We have done this for over 25 years.
Please give us a call at 386-299-9066 and let us assist you in setting up your business so it can succeed.
Recently I met with a tree trimming company that had been with a large Payroll company for about 3 years. Going through their payroll reports I discovered that they had two separate adm fees. One for payroll services and one for workers compensation. I sent their workers comp Acord apps to a few carriers and we found one that would write it at a 1.0 Mod with no extra fees and $ 1,000,000 in coverage.
All based on their safety experience as they were claim free for over three years.
Their savings came to over 700 dollars per week.
Several years ago a friend called me about a plumbing company that had an increase in their workers comp premium and asked that I meet with the owner. I did that and we went through their labor cost, workers comp costs and state of Florida unemployment costs.
We discovered that they had been “rated” up. Often called a consent to rate and were now paying much more in premium even though they only had one injury “claim” in 11 years. We also found that their state SUTA rate was at 5.40… the highest rate in Florida.
I managed to get their workers comp reduced to the state rate and their SUTA rate lowered to 2.70. Both savings reduced their total labor burden and put more money back into the pocket of the owner.
Around 2010 I get a call from a lady that owns a craft store with her husband. Her daughter had suggested that she call me as her daughter has been a client for years and owns a construction company. Her main question was…would it make sense for me to use your services and get set up with a PEO that would take care of payroll, workers compensation, payroll taxes if I am only going to hire one part time worker at $ 11.00 an hour. My answer was that it might and it might not… but I would be happy to sit with her and look only at the costs. I said, lets look at just the cost and take it from there. Her thought was that she may hire the lady as a 1099.
So we meet and go over the costs. Here is that example at 30 hours a week. You will pay her $ 330.00 a week. Your costs per week will be:
$ 25.24 for FICA, $ 8.91 for SUTA, $ 1.98 for FUTA ( SUTA and FUTA are only collected on the first 7000 of gross payroll.) You will pay about $ 2.50 a week for $ 1,000,000 workers compensation coverage and .89 cents a week for $ 5,000,000 of Employers Practice Liability Insurance that protects you from employee related suits. And small amount in adm fees will be added. She said that she and her husband would talk it over. I then asked if she had any assets to protect.
She said that they owned the strip center where her store is located, the building where her daughter keeps her office and a multi-generation farm. My advice was to call your accountant and daughter and get their thoughts. She signed up back then as is still with me and still has only one employee.
