Proprietary Services from Solo W-2, Inc.

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Tax Savings & Corporate Benefits
for Independent Professionals

Solo W-2™ — Proprietary Services from Solo W-2, Inc.

	Solo W-2™
	Benefits-rich Employment – Solo W-2™ is an employer-of-record service that gives self-employed professionals, small business owners, freelancers and consultants access to tax-advantaged corporate employment and the most comprehensive employee benefits package available to any independent professional anywhere in the USA. Solo W-2™ inexpensively and conveniently converts your 1099 gross revenues into W-2 net wages and in the process delivers:

		Tax-advantaged corporate employment.

		Guarantee issue group insurance.

		A generous Roth 401(k) plan.

		Immediate, tax-free reimbursement of out-of-pocket business and medical expenses.

		Simplified tax reporting, and

		IRS Form W-2 at the end of the year.

	Expert Contract Administration – Solo W-2™ provides expert contract administration for independent consultants who are required by their client to be employed by a third-party employer of record and/or who appreciate the back-office logistics support, convenience, cost savings, and tax-advantaged earnings that are available only through Solo W-2™. Contract administration includes contract review and negotiation, online time and expense reporting, timely invoicing and assertive collections of accounts receivable.

	Solo 1099™
	Agent-of-record Service – Solo 1099™ provides agent-of-record services for fully compliant independent contractors. Services include:

		Compliance testing and certification as a Certified IC™ Independent Contractor.

		Dynamic compliance file to ensure continuity of compliance with generally accepted common-law criteria for independent contractor status.

		Contract review and negotiation.

		Online time and expense reporting.

		Timely invoicing and assertive collections of accounts receivables.

		Direct deposit payments.

		IRS Form 1099 at the end of the year.

	Not Employees – Independent contractors processed through Solo 1099™ are fully compliant business entities. They are NOT employees of Solo W-2, Inc., they are NOT employees of the client and they DO NOT qualify to receive employee benefits from either Solo W-2, Inc. or the client.

	Expert Contract Administration – Solo 1099™ provides expert contract administration for Certified IC™ Independent Contractors who are required by their client to subcontract through a third-party agent of record. Contract administration includes contract review and negotiation, online time and expense reporting, timely invoicing and assertive collections of accounts receivables.

	Solo IC Compliance™
	Mitigation of Co-employment Risks – Solo W-2, Inc. assesses your organization’s contingent workforce for compliance with established government standards for worker status and takes appropriate action to:

		Mitigate the risk that the IRS or another government agency might reclassify your organization's contract workers as employees of your organization, resulting in expensive claims for back taxes, penalties and interest.

		Eliminate exposure to unemployment claims, workers compensation claims and general liability claims against your organization by contract workers.

		Reduce the incidence of class-action lawsuits by non-compliant independent contractors, who might otherwise make a claim against your organization for employee benefits by asserting that they were de facto employees of your organization.

	Compliance Testing and Certification of Independent Contractors – Solo W-2, Inc. assesses internally sourced independent contractors for compliance with government standards and selects the most appropriate method for mitigation of co-employment risk.

		Solo IC Compliance™ certifies IRS-compliant independent contractors and serves as their agent of record through Solo 1099™ while working on projects for their clients.

		Solo IC Compliance™ converts non-compliant consultants to W-2 worker status and serves as their employer of record through Solo W-2™.

	Contractor Payment Processing – Solo W-2, Inc. offers convenient Contractor Payment Processing for highly compensated Individual Service Providers and Small Business Contractors engaged by businesses and government agencies on domestic and international projects. Services include:

		Fast and efficient deployment.

		Background checks.

		Online time and expense reporting.

		Consolidated invoicing.

		Custom reporting.

	Cost Containment – Solo W-2, Inc. reduces the cost of engaging contingent workers by 20-30% or more compared with traditional staffing vendors. Solo W-2, Inc. does not set the billing rate for the consultants that it represents. There is no charge for compliance testing and there is no charge to convert a non-compliant independent contractor to Solo W-2™ employment status. Solo W-2, Inc. does charge the consultant’s account a nominal administrative fee equal to 6% of collected revenues. Your organization may opt to subsidize part of, or all of, the administrative fee as a mark-up on billings, but that is between you and the consultant.

	Solo BackOffice™
	Progressive Staffing Vendors – Solo BackOffice™ provides full back-office support to progressive staffing vendors, freeing them to do what they do best: recruit and supply talented professionals to their clients. Back-office support includes:

		On-line time and expense reporting.

		Accurate invoicing and assertive collections.

		Full payroll services.

		Superb employee benefits package.

	Staffing vendors that outsource their contracts administration, employment, payroll and employee benefits to Solo W-2, Inc. save big money on internal overhead costs and realize huge efficiencies compared with ordinary staffing vendors. Moreover, by offering the most comprehensive employee benefits package available to any independent professional anywhere in the USA, staffing vendors that use the back-office services of Solo W-2, Inc. are bound to be more successful in the highly competitive marketplace for talented recruiting staff and contract professionals.

	Small Businesses and Start-ups – Solo BackOffice™ helps small business owners and start-ups accomplish the following:

		Obtain, for the owners and key team members, executive-level employee benefits that are difficult and expensive to obtain as a small business.

		Attract, recruit, reward and retain exceptional talent that might otherwise join a larger and more established competitor offering better employee benefits.

		Manage rapid growth and irregular demand.

		Easily deploy and reassign a flexible workforce.

		Process payroll and manage employee benefits as easily as making an ATM deposit.

	Here's How Solo BackOffice™ works:

		You recruit the talent you want.

		Show them the great employee benefits they will receive as a Solo W-2™ consultant.

		Solo W-2, Inc. employs the individual and signs a consulting contract with your organization to supply the individual's consulting services.

		Solo W-2, Inc. invoices your organization according to the terms of the contract by either of two methods: Bottom-Up Method: The billing rate equals the gross wage plus the labor load, which consists of: The employer's share of payroll taxes. A modest administrative service fee. Mark-up to cover unpaid vacation time, unpaid national holidays, and sick leave. Overhead costs for the employee benefits that you want to offer through Solo W-2™. Top-Down Method: The billing rate equals the current market rate for the individual's skill set and experience as an independent professional.

	Everyone wins:

		Your organization successfully recruits the talent it needs in order to succeed.

		You pay less than the cost of in-house payroll processing and benefits administration.

		And, because of the tax advantages provided by the Solo W-2, Inc. business model and the superb employee benefits infrastructure, the talent you recruit will receive higher total compensation and far better employee benefits than your organization could otherwise provide.