IRC 125 Money For You . . . Money For Your Employee Too!
May 11, 2022
Hosted by Frank Helring
Pay attention to this one! Do you have a minimum of 5 or more employees? Jump into my Time Machine and come along on a journey with me. 1978! A long time ago and yet? Very fresh in my memory, because at that time, I was just two years in the insurance business, which I was engaged in for well over 20 years after that with a large General Agency in the Southern CA area. I had just started my agency a few months ago and engaged a rather boisterous and overbearing Co-Partner who sat down with me and informed me about IRC 125. There began a journey, largely at his lead and direction that ended up securing 5 out of the then BIG 8 Public Accounting firms, with names such as Arthur Young, Arthur Andersen (No Longer There a Casualty of Enron) etc. My agency was in a direct referral relationship with these prestigious firms to implement and administer Section 125 of Internal Revenue Code, which at that time was a saving grace that enabled both the Employer and the Employee to recapture both Hard Dollar Cost Expenses, including insurances and payroll expenses and the employee resulting in having MORE TAKE HOME PAYOLA! . . . and all of these with the blessing of the IRS! We now hit the lever of our time machine and return to the year 2022 and years have now passed since those days and have now largely faded from my memory and most importantly from the realm of the Small Business Community . . . until today! You see, your larger companies jumped all over this because it meant MILLIONS of found dollars back in their Corporate Coffers and a smiling workforce as well. Small Businesses were largely overlooked due to their reduced size and the prohibitive costs of administration and implementation. Today, on this show you are about to discover one of the most invaluable employer and employee benefits ever envisioned by our government and a company that has taken the "Bull by the Horns" and is not only Nationally Scoped but now focused on bringing this incredible platform to the front door of your small business one day very soon! The CARES ACT SBA EIDL and 2 rounds of PPP are all long gone! Another mechanism has emerged that will result in FOUND revenue's returning to your Small Business cash registers! There is an old saying, "Salary Attracts, Benefits Retain". You will find out today what the magnitude of that statement can mean to your bottom line, the financial welfare of your employee's and to help keep your CASH FLOW ledger in the BLACK . . . day in and day out!
BizZne$$ BuzZ and BizZne$$ Watch
Wednesday at 10 AM Pacific Time on VoiceAmerica Business Channel
BizZne$$ BuzZ is all about your business. Small business is in trouble and they have been as far back as the “rocking” that occurred in 2008. The 14.2 percent loss of many brick and mortar small businesses happened by the year 2015 (source, NFIB 2015 Report). Already being squeezed by Internet predators, like Amazon, E-Bay, etc. They are literally sucking the life out of small businesses by customer and profit “siphoning.” B2B Networking Groups and social media disappointments abound.
Small business needs a “counter” to these E-commerce tsunamis and that mechanism is the power of UNITY, RELATIONSHIP and the Law of RECIPROCITY. This is an EDGE that is a non-compete. The “perfect storm” of shut down/customer distancing, lack of capital and uncertainty are the devastating effects of COVID19 disruption.
Our mission is to provide your business the boost that it needs to recapture your personal visions, rejuvenate your operations and to bring about a platform that represents your interests.
Frank Helring is the CEO and Founder of TheHubmartLLC. He is an established executive with over 45 years of service encompassing Christian ministries, private/corporate insurance, public/philanthropic enterprises and private equities sectors.
His past tenures include owning his own General Insurance Agency from October 1977 to 1991, serving as an Executive Director with World Vision of Orange County from 1994 to 1998 inclusive as a President and CEO of a community-based organization.He has served as President of JMS Consulting Group 2004-2006, a private equities firm in Los Angeles during which time he personally consulted to the VP of Benefits of the legendary NFIB.com on “Boutique” Membership programs and Association negotiating levels of involvement. He and his wife have owned Allure Med Aesthetics, Inc. a medical aesthetics practice, since 2013. Most recently, he is currently involved with revolutionary firms engaged in accelerating the emerging “opportunity commercial marketplace” and cutting edge medical regeneration technologies.
Frank resides in Mission Viejo, with his wife Rhoda. His combination of grassroots community involvement, strategic relationships formation and continued success as a visionary corporate entrepreneur distinguish him as an invaluable asset to the small business community at large.