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Economic
Stimulus Package -- Making
Work Pay Tax Credit |
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You probably heard about President
Obama's "Making Work
Pay" income tax credit.
The income tax credit is $400 per
individual earning less than $100k
or $800 per couple earning less
than $200k. For 2009, this
is going to be divided between the
number of paychecks remaining in
the year and reduces the income
tax withheld for eligible
employees. This adds
approximately $10-15 per week to
employee's paychecks starting this
month.
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 Testimonial |
| "OnePoint
has saved me $1000s of dollars through
their careful attention to vendor
charges, reconciling cash and credit
card deposits and scrutinizing my
checks and bank debits. With the money
they save me, the service is practically
free"
Cassandra, smart
restaurant
owner
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Sincerely,
Michelle Denton, Corporate
Contact
OnePoint BPO
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 eNewsletter |
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Reducing
Labor Costs
The One-Two Punch
Labor is a large component of most
small businesses. Whether your
employees' hours are tracked manually,
by mechanical timeclock, or through
your point of sale, we recommend that
you examine your policies and
practices to avoid paying too much for
labor. OnePoint has a fantastic
affordable timeclock solution designed
to help track and monitor your
employees time & attendance.
Consider the following case studies:
Case #1 - Wasted Labor Minutes 
Did you know that if an employee
comes in 4 minutes early each
day, that this translates to 2 hours
of extra pay per month.
OnePoint's timeclock system can
"round" a clock in to a
schedule, eliminating the 4 extra
wasted minutes and potentially
$1000s each year.
Case #2 - Tracking Sick
& Vacation Balances
An employer with any type of paid
leave needs to stay on top of both
when the leave is earned as well as
when it is used. Failing to
keep accurate records of when time
off is used could resulting in
paying that time off twice - once
when the time was used and again in
the employee's last paycheck.
The OnePoint timeclock and
payroll solution can keep track of
actual balances. Sick,
vacation or paid time off balances can
be printed right on the paychecks.
 Case
#3 - Cost of calculating hours
manually
Studies have shown that automated
payroll calculation cuts preparation
time by up to 80%, saving you time
and money. Our automated timekeeping
system is designed for the small to
mid-size business. Our products and
services are reasonably priced
because we understand that there is
a need for a cost effective time and
attendance service. We offer proven
brand-name equipment, FREE upgrades,
and FREE daily e-mail reports.
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Your Business
Insurance Agent: Captive vs
Independent
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When
shopping for insurance coverage for
your business, you will likely
encounter two types of insurance
agents: captive and independent.
Captive agents typically represent a
single, larger insurance company.
They are obligated to sell business
only for that company.
Independent agents are appointed to
represent several insurance companies.
They can shop a customer's business
within the various companies they
represent.
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Before
selecting an insurance agent for you
business, here are some things to
consider:
Flexibility.
Captive agents who represent larger
insurance companies typically offer
high-quality
claims, loss prevention, and
rehabilitation services.
However, if an insurance company
changes its
business focus, rates, or
underwriting, captive agents usually
will not have alternative programs
to
recommend to their clients. An
Independent agent
will typically have a wide range of
alternatives to
offer if an insurance company
changes its appetite
for business through rate increases,
reductions in
coverage, or dropping of programs.
Intermediary.
Independent agents continually
negotiate with insurance companies
to obtain the best combination of
rates and coverage.
Since independent agents work for
the business owner, they can act as
an intermediary in dealing with the
insurance company. This may
include advocating a claim on their
client's behalf, solving billing
problems, or advising their client
on coverage issues.
As
the owner, it is up to you to
determine the best
insurance coverage, and agent, to
protect your
business.
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