Frequently Asked Questions
In this section you can find answers to some of the most common questions about Payroll Tax Shield.
TM
My company already carries insurance for our employees. Does Payroll Tax Shield replace my current health insurance?
No. Our goal is not to replace your current insurance. Payroll Tax Shield offers fantastic benefits that can accompany the benefits you already offer your employees.
Do 1099 "employees" qualify?
No. Unfortunately, only employees on a W-2 can qualify for this program.
Is there a minimum number of employees needed to qualify for Payroll Tax Shield?
The minimum number of employees needed to qualify for Payroll Tax Shield is 10 non-seasonal W-2 employees.
What is the cost of Payroll Tax Shield?
You pay nothing out of pocket for Payroll Tax Shield. Our fees are rolled in to the plan and accounted for in your savings. With Payroll Tax Shield, your average net savings is approximately $550 per employee per year and your employees receive additional benefits with no reduction in take-home pay.
How does your company make money?
There is no initial investment required. The program is designed to leverage tax savings to increase profits for employers while providing new benefits to employees. The program fee is already factored into the savings and benefits provided.
Is there a maximum number of employees that a company can have and still qualify for Payroll Tax Shield?
No. Companies with at least 10 non-seasonal W-2 employees can qualify for Payroll Tax Shield. There is no maximum.
Does Payroll Tax Shield replace my current payroll company?
No. Payroll Tax Shield is not a payroll company. Rather, we work with you and your payroll manager or payroll provider to ensure compliance with the tax codes utilized in the Payroll Tax Shield program
Is this just another supplemental benefits product?
Absolutely not. If you already carry supplemental benefits, you can keep them if you wish. Payroll Tax Shield is designed to save you money and the benefits your employees receive will not reduce their take-home pay.
Is Payroll Tax Shield available in every state?
Yes. We offer tailored programs that fit businesses in every U.S. state.