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Services

Merritt Business Solutions offers a variety of services to help run a business. We strive to assist clients in saving money while getting better quality services. In addition, our services can help save time by taking over the responsibilities of managing certain business functions.

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Co-Employment

PAYROLL

Benefits

Line Of Credit

Co-Employment

Business owners wear multiple hats including operations, sales, marketing, finances, and human resources. Here at MBS, we alleviate some of that burden as well as lower costs by placing you with the best option for your business. PEOs offer businesses an opportunity to outsource all their employee related tasks such as payroll, workers’ compensation, HR, compliance that governs employees, State and Federal Unemployment Tax, and more. With a PEO, businesses are likely to grow 7-9% faster and have a 10-14% lower turnover rate than a business handling items in-house.

MBS matches clients with Co-Employment services for:

Prepare for the unexpected with simplified insurance and pay-as-you-go solutions.

Protect your business and gain confidence knowing that complex employment-related regulations and compliance are met and checked off.

Work with our compliance experts for industry-specialized guidance on employment-related rules and regulations to help you mitigate risk. Our expert guidance will help you stay on track whenever difficult or sensitive situations arise, so you can always make an informed decision. Stay up-to-date with ever-changing employment rules and regulations that can often take time away from growing your business.

Employee benefits administration is a good task to outsource, as it can be complex and time-consuming

Our industry-specialized team of HR consultants can help you tackle your HR responsibilities. Strategic HR — We help you analyze your compensation strategy, as well as your turnover and engagement metrics, compared to similar companies. Compliance — Our risk and compliance experts stay on top of the thousands of annual changes to employment regulations; as a result, we can help you avoid common benefits administration and HR management pitfalls

Participate in courses on Workplace Harassment, HR Recordkeeping, Sales, and more.

Depending on your needs and business size, we can help you leverage data from your own workers — combined with our benchmarking data from millions of employees — to help you answer questions such as:

  • Do we have the right talent strategy to support our business strategy?
  • Are there pay equity gaps at our company?
  • How can we identify people for career opportunities?

Employment laws protect employees from discrimination, wrongful termination, sexual harassment, and more. Though most employers try to treat employees fairly, no company is immune to legal challenges. EPLI is a cost-effective way to protect your business should a lawsuit arise. We’ll help you find the affordable coverage you need.

No more waiting on hold for a simple answer to a question. We don’t rely on an automated attendant for your payroll support, we offer a powerful, human connection.

Payroll Services

We know your business is anything but small — it's everything. That’s why our firm offers a suite of scalable HR and payroll cloud solutions to help you run the business of your dreams.
Whether you’ve been in business for 25 years or you’re just getting started, we understand how important it is that you save time, stay compliant, and manage costs. Our firm offers a smart, flexible and affordable payroll, tax and HR solution designed to help you empower your employees and build your ideal world at work.

MBS Offers Stand-Alone Payroll Administration Options Including:​

We will calculate, file, deposit and reconcile your payroll taxes.

We’ll even respond to inquiries from taxing agencies regarding the deposits and the returns we file for you. Best of all, if we make a tax filing error, we pay the resulting fines or penalties imposed by the taxing authorities for you.

The quickest way to pay your employees. On payday, pay is automatically deposited in each employee’s account.

We offer an accessible mobile app for both Employees and Managers.

The mobile will allow managers and employees to:

  • Ability to clock in and clock out
  • View pay statements as well as W-2 and 1099
  • View and edit personal information
  • Manage deductions
  • Manage direct deposit
  • View and request time off
  • Approving time sheets

Create a comprehensive, professional-quality employee handbook based on federal employment law in a few simple steps.

Receive phone and email access to a dedicated support team of HR professionals to help you navigate even your most complicated HR issues.

Properly complete everyday HR tasks, such as hiring and termination, with step-by-step, best-practice guidelines, essential forms and documents, and related policies.

Manage labor costs and compliance with easy Time & Attendance tools. For advanced capabilities, Workforce Management adds optimized scheduling, labor forecasting/budgeting, attendance policy, leave case management and more.

Receive detailed job descriptions from a library of more than 300 job titles and descriptions.

Improve cash flow

Manage premium payments efficiently and possibly eliminate your upfront premium deposit.

Improve accuracy

Only pay for what you owe — payments are based on real-time data each payroll cycle.

Simplify audits

Reduce the risk of over or underpayment of your workers’ compensation premiums.

Workplace Benefits​

The benefits space is constantly changing and our team is dedicated to researching new strategies to mitigate your costs and help you take care of your employees while staying in budget. Often, once a company is enrolled in benefits the servicing agent disappears and computers just spit out renewal rates. We don’t just settle on the renewal rates sent by the carrier. We dig deep and get you every solution possible. As an MBS client, our benefits department offers a personal touch to your benefits program with our MBS benefits administration services. You can keep your current options, and this is no cost to you.

Our Full-Service benefits menu Includes:​

Your employees are your greatest investment.

Health insurance is a critical factor in retaining and recruiting employees, as well as maintaining productivity and satisfaction.

Offering the “right” health insurance plan is one of the most important decisions you can make – keeping employees happy and healthy benefits you in the long run. But making sense of the complex health care system has become increasingly difficult for employers.
Our plans help you save money on health care costs and keep your employees informed, healthy and happy. And healthier employees mean a healthier bottom line.

Our plans also are efficient to manage, so you can focus on what you do best – running your business.

At its most basic, life insurance is a contract between you and an insurance company. Under the terms of the contract, you make regular premium payments to the company in exchange for a certain dollar amount of coverage. If you pass away while your coverage is in place, the life insurance company will pay out a death benefit to the beneficiaries you designate.

While the death benefit is the primary reason people tend to get life insurance, certain types of policies accumulate cash value, which is money that grows in a tax-advantaged way and is available for you to access throughout your life.

Your ability to earn a living and contribute to your household is likely your most valuable asset. Disability insurance replaces a portion of your income—or helps cover the cost of household services for stay-at-home-parents—should illness or injury prevent you from doing your job. We can help protect your income, and your family, with a disability insurance policy that’s right for you.

Dental insurance plans can help assist costs related to dental procedures, cleanings, etc.

Most dental services are not covered by medical plans today. These products are broken up into 3 categories of coverage: Preventative, Basic and Major services.

Preventative – These services include items such as routine check ups and cleanings. There is typically no waiting period for these services to be rendered when you purchase a policy.

Basic Restorative – Services included in basic are simple extractions, fillings, and root canals are included here. Typically there is at least a 6-month waiting period before insurance can be applied to these services.

Major – Crowns, bridges, dentures or other major services are located here. Typical plans will cover up to 50% of these services up to your plans’ maximum. These services typically have a 12-month waiting period.

Many medical plans do not cover expenses related to vision checkups and procedures. Vision insurance that gives you options on coverage for such items as routine exams, glasses and contacts allowance, and even discounts on LASIK.

Critical Illness Insurance

Critical illness plans generally have a very specific list of diagnoses that will trigger a payout. If you get seriously sick with something that isn’t specifically listed on your policy, the plan won’t pay you anything—even if you incur substantial out-of-pocket costs as a result of the illness.

It’s important to understand exactly how the policy works before you purchase it so you’re not caught unaware in a tough situation, expecting a payout from your critical illness plan and then not receiving one.

Accidental Death and Supplemental Accident Plans

Two kinds of accident policies are available, including accidental death and dismemberment insurance (AD&D) and supplemental accident insurance. They’re often combined and sold together. The benefits vary from state to state due to local insurance regulations.

Hospital Indemnity Insurance

Hospital indemnity insurance, also known as hospital confinement insurance, provides a cash benefit if you’re confined to a hospital due to an illness or serious injury.

Long Term Care Insurance

Long-term care refers to services received from nursing homes, assisted living facilities, in-home care providers, and adult day care centers. These services help with eating, bathing, mobility, and other custodial tasks that patients can’t complete independently. Most medical and disability insurance policies, including Medicare, don’t cover long-term care, which is why you need a separate LTC insurance policy.


MBS provides a way for small and mid-size businesses to identify vulnerabilities in their website and internet-facing networks where cybercriminals often attack. In addition to being notified of cyber risks, if you don’t have a dedicated IT team to fix the issues, we’ll provide your business with a specialist who will help resolve the vulnerabilities remotely, included in the cost of your membership.

We partner with small and mid-size businesses to guard against vulnerabilities to ensure information stays secure via regular monitoring. In the event of a cyberattack, your plan covers related expenses with up to $100K in a Cyber-Protection Plan to put business back on track quickly.

Nonqualified Deferred Compensation 

Do you max out your 401(k) (along with other options including HSAs and IRAs) but still want to save more for retirement or other goals? If your employer offers a nonqualified deferred compensation (NQDC) plan, you might want to explore this option. NQDC plans (sometimes known as deferred compensation programs, or DCPs, or elective deferral programs, or EDPs) allow executives to defer a much larger portion of their compensation and to defer taxes on the money until the deferral is paid.

 Executive Disability Income Insurance 

Most companies do a good job of offering group long-term disability (LTD) insurance to their employees. It provides a good foundation of protection, usually 40-60% of an employee’s base salary up to a specified monthly maximum. However, a company’s management or executive team will often have their replacement income limited by coverage caps. Furthermore, incentive and bonus compensation is often not covered by group LTD, which can result in a company’s key employees facing greater financial exposure should they suffer an illness or injury that keeps them out of work for an extended period of time. Executive disability plans with individual disability insurance can ensure that executives and key employees receive adequate replacement income in the event of a disability, providing the coverage they need to meet their financial obligations and maintain their lifestyles. These plans can also serve as a great benefit for the employer, as companies are in constant competition for recruiting and retaining top talent. For most employers, the cost of these plans can be viewed as nominal compared to the risk of losing top talent due to inadequate coverage

Split Dollar Life Insurance

In a split-dollar plan, an employer and employee execute a written agreement that outlines how they will share the premium cost, cash value, and death benefit of a permanent life insurance policy. The agreement outlines what the employee needs to accomplish, how long the plan will stay in effect, and how the plan will be terminated. It also includes provisions that restrict or end benefits if the employee decides to terminate employment or does not achieve agreed-upon performance metrics.

 Key Person Insurance 

A company purchases a life insurance policy on its key employee(s), pays the premiums and is the beneficiary of the policy. If that person unexpectedly dies, the company receives the insurance payoff. The reason this coverage is important is because the death of a key person in a small company can cause the immediate death of that company. The purpose of key person insurance is to help the company survive the blow of losing the person who makes the business work. The company can use the insurance proceeds for expenses until it can find a replacement person, or, if necessary, pay off debts, distribute money to investors, pay severance to employees and close the business down in an orderly manner. In a tragic situation, key person insurance gives the company some options other than immediate bankruptcy.

Buy Sell Agreements 

Buy-sell agreements are in place to protect a company’s longevity. If a vital member of the company leaves, there needs to be a process that tells shareholders and remaining partners how to proceed. Since buy-sell agreements aren’t limited to a partner’s death, ensure you protect your company from external forces by understanding their work.

Executive Bonus Section 162 Plan 

When companies or business owners want to provide additional perks to their key employees, they can use a 162 executive bonus plan. Benefits are usually in the form of a permanent life insurance policy that accrues cash value that can be used as the employee’s retirement income in the future. The cash value is tax-deferred, while the death benefit is tax-free for the employee’s beneficiaries. The tax-deductible executive benefits plan is a beneficial tool for businesses to attract and retain key executives. The company compensates the key executive with a bonus that is taxable as income to the recipient. The bonus is usually treated as an ordinary business expense for the company. The bonus is used to purchase a deferred annuity, whole life insurance policy, or universal life insurance policy that builds cash value that grows tax-deferred. The company restricts access to the cash surrender value until a specific future date.

Any life insurance cash value accumulation will grow tax-deferred and may be accessed by the employee income tax-free through withdrawals and policy loans. The cash value can be used to supplement retirement income. If the key executive dies, their heirs will receive death benefit proceeds from an insurance policy free of income tax.

Supplemental Executive Retirement Plan (SERP)

 For many business owners, there is a lot of investment that goes into key executives. As an incentive to encourage the executive to stay long-term with your company, many business owners enhance executive benefits with a supplemental executive retirement plan (SERP).

A SERP lets the executive know they are a valuable part of your team while also encouraging them to stay with your company. You promise to pay the employee a retirement income stream or lump sum benefit if he or she stays with the company until retirement. You also may provide disability and/or death benefits under the plan. A SERP is often called a “golden handcuff” plan. When structured as a forfeitable plan, the employee generally forfeits all business if he/she leaves your business early.


Our partners offer small and mid-sized businesses an affordable, tailored 401(k) that delivers the benefits of a large-scale retirement plan. The solution makes it possible for businesses to offer employees a high-quality 401(k) plan with personalized investment advice from an SEC-Registered Investment Adviser who acts as a fiduciary. They provide employees access to low-cost funds from every major asset class and risk category.

With our partners you’ll receive:

  • Easy setup and administration
  • “No-touch” integration with 100+ payroll providers
  • Unbiased investment advice and affordable high quality investment options
  • Continuous account management

Line of Credit

Merritt Business Solutions is excited to release a new service offering called the Merritt Business Solutions Client Credit Line. In partnership with Payroll Funding, the Merritt Business Solutions Credit Line provides our valued clients with a unique opportunity to obtain a flexible loan whenever you need it which can be repaid immediately or over time which can be used for any business need.
New!

QUICK ACCESS TO CASH

  • Paying payroll
  • Debt consolidation
  • Waiting for receivables to arrive
  • Inventory and supplies
  • Hiring resources
  • Pay bills

EASY TO APPLY

  • No written application required
  • Just a phone interview
  • No collateral required
  • No credit checks
  • No tax returns
  • No lien or UCC filing

SIMPLE REPAYMENT OPTIONS

  • No prepayment penalties
  • No hidden fees
  • No cost if not used
  • No carrying or stand-by fees
  • No covenants of any kind
  • No restrictions

Find Out how we can help your business