Workmans Comp

Discussion in 'Employment' started by cutman2000, Aug 20, 2012.

  1. jrs.landscaping

    jrs.landscaping LawnSite Silver Member
    from Maine
    Posts: 2,716

    We decided to go through paychex, no upfront bill and W/C is taken out every pay period based on payroll so no estimating wages for the year.
     
  2. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    I would likely go that route too if I did not do Payroll inhouse through QB and my accountant gave me a key off her subscription.

    Paychex is a nice company. Located in Irving Texas the last time I looked. They should be able to save some money for a lot of folks...
     
  3. GreenI.A.

    GreenI.A. LawnSite Silver Member
    Posts: 2,132

    Owners can be covered if they want, but in most states it is not required the same as it is for employees. Most insurance companies charge a higher rate for coverage of the owners of smaller businesses. This is because the employer is more likely to know how the system works and has a high probability of manipulating the system or filing false claims. I have to pay the extra to have myself covered by WC as we do a lot of sub contract work on new construction jobs, most contractors will require all subs to carry their own WC
     
  4. cgaengineer

    cgaengineer LawnSite Fanatic
    Posts: 15,782

    This is correct, owners can opt out or choose to pay in...this is in GA.
    Posted via Mobile Device
     
  5. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    I think as an owner I would rather invest the money in a Health Care plan.

    I saw somew low rates. I think my WC rate is 4.5/100 and knock on wood, no claims since we started in 2005
     
  6. cgaengineer

    cgaengineer LawnSite Fanatic
    Posts: 15,782

    I would also like to invest my SS withholdings myself as well.
    Posted via Mobile Device
     
  7. Duekster

    Duekster LawnSite Fanatic
    from DFW, TX
    Posts: 7,961

    Insurance and Government make far more than I do off my company.
     

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