$afetyNet
Who would benefit from this service?
- Self employed individuals, like creative professionals who are self employed, or small business owners who want to get benefits, including unemployment insurance, as if they're an employee.
- Self employed individuals, like creative professionals who are self employed, or small business owners who have a team of contractors who they want to be able to offer benefits to or a team of employees who they want to manage with less complexity while still being compliant with government mandated regulations on employers.
Fill out this form to get a head start on your first $afetyNet session.
Features
- Process payroll, benefits, and associated taxes – federal and state for U.S. only
- Curation of defined benefits plan – federal and state for U.S. only
- Full-service payroll
- Workers’ comp administration
- Direct deposit of employee paychecks
- Access to group and individual retirement account options
- Access to group accidental death & dismemberment, dental, short and long term disability, health, life, and vision insurance
- Access to higher education savings planning including for college and private schools
- Processing of contributions to group and indvidual retirement accounts
- Processing of premium payments for accidental death & dismemberment, dental, short and long term disability, health, life, and vision insurance
- Processing of contributions to higher education savings accounts
- Processing of owner draws into paychecks with mock pay stubs to facilitate easier personal financing
- Processing of annual owner distributions into mock W-2s to facilitate easier personal financing
- Verification of mock paystubs and W-2s for 3rd parties to facilitate easier personal financing
Believe it or not, companies that choose to pay their workers as contractors are indirectly contributing to the demise of medicare and social security and more and more people in debt and living paycheck to paycheck. They are contributing to the demise of medicare and social security due to contractors not contributing to those programs when they’re involuntarily unemployed yet still being eligible to collect from these programs under disability and later in life. They are contributing to more and more people living paycheck to paycheck due to no unemployment, workers compensation, or other insurance helping those contractors when they experience an involuntary interruption in income. When you starve any insurance program of money to support itself and those it serves, no wonder these programs look like they’re about to go under… reducing benefits, increasing requirements and/or age to qualify. They have less and less in the way of resources to be able to meet promised obligations. And, unfortunately, regardless of the goal of independent fiscal responsibility, so many people don’t plan for the future by saving for retirement, for times that they might be unemployed, nor by purchasing disability insurance on their own. Businesses large and small should be working hard to avoid that outcome and improve the lives of all Americans. Make your workers employees and, if you find that goal to be too complicated to do on your own, let MEOR Services, LLC, a subsidiary of Moneycopilot, LLC, help you make it easier.