Payroll Consultants - Merritt Business Solutions

You handle essential payroll processing; we optimize the workforce elements that drive business success.

Workers’ Comp/PEO for High-Risk Industries

Problem: Client retention in high-risk industries or multi-state operations is hindered by workers’ comp and compliance barriers.

What clients might say:

“We have been declined for workers’ comp on the standard market.” “Operating in multiple states creates compliance headaches we can’t manage alone.”

Root Causes:

Limited access to carriers willing to underwrite challenging industries like construction, roofing, and security across multiple jurisdictions

Impacts:

Businesses may face disruption or closure when unable to secure required workers’ comp coverage.

MBS Solutions: With access to 30+ vetted PEOs familiar with high-risk industries, A-rated carriers, early COIs, and waivers of subrogation, you can be the resource to confidently service clients in construction, security, manufacturing, and other challenging sectors across state lines.

Alternative Lending

Problem: Business owners may face cash flow challenges due to delayed receivables, which can impact their ability to meet payroll obligations and hinder growth.

What clients might say:

“We’re waiting on customer payments, but still need to make payroll this week.” “Banks won’t provide the flexible funding we need for our unpredictable payment cycles.”

Root Causes:

Cash comes in too late to meet payroll, and banks may not offer flexible solutions.

Impacts:

Cash flow stress leading to potential missed or delayed payroll processing, creating administrative complications and client retention issues

MBS Solutions: Alternative non-bank lending services with more flexible terms than traditional financial institutions can help to ensure your clients maintain consistent payroll processing regardless of receivable timing.

Fractional HR and Compliance Management

Problem: Many small businesses may lack comprehensive HR expertise to address workforce management and compliance needs beyond payroll processing.

What clients might say:

“We’re drowning in employee issues that our payroll service can’t help with.” “Keeping up with changing regulations is taking time away from running our business.”

Root Causes:

Limited or no HR expertise in handling people issues and changing workplace laws.

Impacts:

High employee turnover drives up overtime costs and reduces overall profitability.

MBS Solutions: Fractional HR expertise can handle compliance and workforce issues, minimizing risk while maximizing operational efficiency.

Employee Benefits Solutions

Problem: Traditional health plans may be unaffordable to small businesses due to budget constraints and participation requirements.

What clients might say:

“We’re too small for traditional group health but need benefits to attract talent.” “Our budget can’t support standard benefits packages, but we’re losing good people.”

Root Causes:

Limited knowledge of alternative health benefit options that work for businesses of all sizes and budgets

Impacts:

Competitive disadvantage seeking top talent.

MBS Solutions: Alternative health coverage options, including Health Reimbursement Accounts (QSEHRA & ICHRA) and medical cost-sharing plans, can improve retention and attraction and optimize costs while supporting positive workplace culture.

Three probing questions to ask:

Do you find it challenging to keep up with changing employment laws and regulations?
Are you facing issues with employee relations, such as conflicts or performance management?
Do you need help creating or updating HR policies and procedures to ensure compliance and best practices?

Why Payroll Companies Should Partner with Merritt Business Solutions:

Your clients rely on you for essential payroll services, but limitations in high-risk industries, HR support, benefits, and funding options can hinder your growth. Partner with MBS to access our skilled team that enhances your offerings beyond basic processing. Our comprehensive solutions – from workers’ comp to non-bank funding – strengthen your value proposition and help you confidently serve clients with complex needs.