Employer Advisory Board

Employer Advisory Board

By Matt RagudoBusinessEntrepreneurshipManagement
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Employer Advisory Board episodes

  • Why Your Trade Business Still Runs Through You | John Claborn
    John Claborn, founder of Frontier Business Design, spent 12 years running operations and now works with $2M to $4M trade and service businesses to get the owner out of the truck.
    We get into owner dependency, why "we're a family" backfires, the three jumps every owner hits (zero to a million, a million to five, five to ten), and the one question to ask if you're at the office at 6 AM.
    Watch the video on YouTube: https://www.youtube.com/watch?v=RWnJKgn0J80
    John's assessment: https://pages.frontierbusinessdesign.com/assessment
    Hosted by Matt Ragudo. Letting experts be experts.
    41 min
  • The "Wellness Plan" Tax Scheme in Every CFO's Inbox | Chris Vanderwolk, ERISA Attorney
    Every mid-market CFO has gotten the email: a "wellness plan" that cuts FICA, raises take-home pay, and adds benefits, all at once. ERISA attorney Chris Vanderwolk explains why those three things can't all be true, and what to do if your company already signed up.
    Chris is Director of Compliance and Innovation at OneDigital | Kistler Tiffany Benefits and chairs NABIP's Legislative Council. We cover how the FICA double dip works, why the IRS has been warning about these for years, how to spot one hiding in your payroll, and the newer scheme he's seeing: vendors moving high-cost claimants off group plans and onto the individual market.
    This episode is general education, not legal or tax advice. If you have one of these in place, talk to your own attorney and tax professional.
    Connect with Chris on LinkedIn: https://www.linkedin.com/in/christophervanderwolk/
    Watch the video: https://youtu.be/ZT10LRZ_bBQ
    Chapters
    0:00 Cold open
    1:02 How Chris first ran into the FICA double dip
    3:01 The original scheme and the IRS crackdown
    4:28 The pitch in every mid-market CFO's inbox
    5:27 Face-scanning apps and "reimbursements" with no expense
    9:35 What happens when it unravels
    13:15 Who to call for an unbiased second opinion
    15:08 Law firm letters and the fine print
    18:43 Unwinding it: where CPAs and employers start
    21:27 How to find one hiding in your payroll
    22:55 Where brokers get compliance help
    25:33 How benefits advisors stay sharp
    27:34 How to reach Chris
    29:09 The next scheme: pushing sick employees off the plan
    33:07 "Charitable funding" with a 100% success rate
    35:37 Why promoters push so hard: the money
    37:11 Red flags to check before you sign
    40:06 Wrap-up
    41 min

About Employer Advisory Board

From the publisher's feed

Employer Advisory Board gives business owners and CFOs a seat at the table for the conversations their advisors already have.