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Tax credits are a critical component of optimizing business profitability and finding offsets for the ever-increasing costs of benefits. Are your clients leveraging the Worker Opportunity and R&D tax credits that may apply to them? Most business fail to utilize these credits to their full extent, leaving thousands upon thousands of dollars on the table. Typical R&D tax credit studies return an average of approximately $30,000 for every $1MM in payroll! Eligibility extends back 3 years – so there’s urgency in providing your clients with this incentive. Click on the image to watch a brief video.

In addition to leveraging tax credits, your clients can take advantage of interest only loans up to and exceeding $1MM to build a superior nest egg. Deposited into an Index Account, the funds grow free from market risk – tax deferred. The proceeds supplement retirement income. At the owner’s death, the loan is repaid and any remaining amount is distributed to the beneficiaries.

These are just a few of the novel strategies that are critical to retaining benefits clients in an increasingly competitive and costly market. To learn more, contact us.

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5 Strategies to Separate Your Services From the Pack

  • Posted on August 24, 2017
  • by Admin

1. Level Funded Premium. Our plans pay 10% commission on the total premium. We call these plans “return of premium” plans. I -you don’t use all your claims dollars, you get an end of year refund. But, here’s the deal: find the least expensive HDHP option. Employers can’t get a lower plan cost than bronze.

2. Group GAP plans. Millions of Seniors purchase Medigap plans to fill in holes in Medicare A&B. Employer groups can offer the same strategy. Offer workers several Group “GAP” plans to fill in holes in HDHPs. Learn more about GAP coverage: http://cheltenbenefitsgroup.com/medigap-rest-us/

3. Smartphone Video Benefits App. Let your employees “watch” 60 second video clips of all their benefits 24/7! HR personnel and employees love this service, and your competition doesn’t offer it. Samples available at http://cheltenbenefitsgroup.com/communications/.

4. Stryde Cost Recovery Services. Let’s face it, at some point, we won’t be able to find any more health plan savings. You may be there already and yet your client won’t listen. They want savings. Look beyond health costs for your answer. You can now offer a cost audit service that recovers taxes, overpaid utilities, uncovers federal credits and more. Just show them our 60 second calculator and they will marvel at how much money you have recovered for them. To learn more, contact us.

5. Business Owner’s Retirement Plan. We represent Commercial Lenders willing to lend your clients $1,000,000 or more on an “interest only” basis. These funds are then deposited into an Index account, for the Owner’s benefit, free from market risk, growing tax deferred.At retirement, the Owner can receive lifetime proceeds “tax free”. At the Owner’s death, the loan is repaid and any remaining funds are distributed to the Owner’s beneficiaries, tax free. http://cheltenbenefitsgroup.com/business-owners-retirement-plan/

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Many business owners struggle to put away sufficient personal funds to live comfortably while retiring at a reasonable age, the savvy and determined business owner often being inclined to reinvest in the growth of the business. Presenting your business-owning clients with opportunities to strengthen their retirement funds is a compelling way to keep them in your book of business and even grow your future commissions.

The Chelten Benefits Business Owner’s Retirement Plan offers you the opportunity to connect your clients with commercial lenders willing to lend $1,000,000 or more on an interest only basis.

  • These funds are then deposited into an Index account, for the Owner’s benefit, free from market risk, growing tax deferred.
  • At retirement, the Owner can receive lifetime proceeds “tax free”.
  • At the Owner’s death, the loan is repaid and any remaining funds are distributed to the Owner’s beneficiaries, tax free.

To learn more about the plan and how it can strengthen your product portfolio, read on here or contact us.

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