Financial Services
Godspeed Financial Services is the part of the group that provides services for the small to mid-sized businesses including Merchant Accounts, non-traditional Business & Commercial Loans, and Business Expense and Tax Savings programs. The first two services are self explanatory and the latter is a multi-faceted approach for any business to create higher net profits and pay less taxes.
There are a lot of aspects to a business that take away from the net profits. Our goal is to reduce as many expenses and increase tax savings so that your business will thrive. The growing trend happening in the group health insurance market is that deductibles and co-pays are increasing to lower the premiums enough so that businesses and employees can afford the premium. The only problem is now the employee is responsible for more out of pocket expenses. So the million dollar question is what are we going to do about this? The answer is to implement our tax savings plan called the Classic 105, a perfect fix for this problem. The Classic 105 is a benefit reform program that shows employers how to maximize their payroll tax savings by utilizing existing IRS codes, while giving employees a benefit of approx. 75% reimbursement for qualified unreimbursed out of pocket medical expenses and, in most cases, an increase in their take home pay. By signing up for this program, at no cost to you and your group, you will save $300-$500 on FICA taxes on each employee per year, at the same time, all of your participating employees will be reimbursed up to 75% of their out of pocket medical expenses not covered by their insurance. In other words, for anything under their deductible or co-insurance for any kind of medical expense will be reimbursed. The program is based on tax codes Sec. 105 & 125 among others that allow the employee to put money into the program for such healthcare expenses. Up to now the reason the average employee didn't participate in this type of program is it takes away from their take home pay which some could not afford but what makes our program different is that they are reimbursed each month, not by the employers but by our special plan for the amount they contribute to the plan and actually take home more money than they do presently. Who wouldn't want to have a pay raise and not worry about unexpected out of pocket medical expenses? Because there is no net cost to the employer or employee, there usually is a high participation rate which translates to thousands in savings for you, the employer. Minimum requirements for this program is at least 10 full-time employees with at least an average yearly salary of $30,000.
For companies who use shipping services frequently, we review their Fedex/UPS statements and eliminate up to 15% of your total shipping expense for charges that are eligible for a refund due to late deliveries and invalid charges. In addition to an auditing software you get a very robust online Reporting Dashboard and Optimization Service that can result in an additional 12-15% savings (on average).Our services are Risk Free:
• 100% Gain Share Based Billing - No Savings, No Fees!
• Month to Month Agreement Terms - No long term commitment.
• Nonintrusive - 100% Transparent, requiring no changes in the way you currently do business.
• Our clients saved $51.3 million in 2014.
Please contact us to schedule a brief 15 - 20 minute WebEx presentation to learn more about our solutions that have saved millions of dollars for our clients made up of retailers, e-commerce, manufactures, or any business that ships with FedEx and UPS.
Business spend billions on electricity and gas each year. Another service we provide is a free consultation for cutting energy costs for industrial, institutional and commercial clients. We provide savings through: Electricity Demand Management, Energy Efficiency Funding, Utility Audits, Energy audits and retrofits, Electricity and gas procurement and auctions (supply), Energy savings technologies, Solar Systems, Demand response, Combined Heat and Power Systems (Cogeneration), Energy Management, Demand Management, Lighting Retrofits, HVAC Retrofits
Along with Merchant Account Services, through a partnership with The Coalition of Merchants Against Unfair Interchange (MAUI),the industry's only independent merchant watchdog organization, after a confidential review of your most recent merchant statement, we report the hidden fees that we find to the Consumer Financial Protection Bureau in an attempt to regulate the processing industry. If we find that you are a significant victim, we contact your processor and put a stop to it. Our sole mission is to put an end to unfair fees that merchants are forced to pay.
Most business owners or managers believe that their waste and recycling programs are cost effective as they exist. But, in reality, we are able to recover savings for more than 9 out of 10 businesses that we consult with. And the average savings we recover is 40%! You do not pay anything for our analysis and our recommendations unless we produce a direct refund, credit, or savings in your waste and recycling services. There is NO RISK on your part. We do all the work and you reap the savings. In fact, we usually save money for our clients by renegotiating their existing contract with their current waste hauler. Join the hundreds of businesses that are saving thousands - even TEN$ of thousands of dollars by allowing us to review YOUR waste hauling contract.
There are a lot of aspects to a business that take away from the net profits. Our goal is to reduce as many expenses and increase tax savings so that your business will thrive. The growing trend happening in the group health insurance market is that deductibles and co-pays are increasing to lower the premiums enough so that businesses and employees can afford the premium. The only problem is now the employee is responsible for more out of pocket expenses. So the million dollar question is what are we going to do about this? The answer is to implement our tax savings plan called the Classic 105, a perfect fix for this problem. The Classic 105 is a benefit reform program that shows employers how to maximize their payroll tax savings by utilizing existing IRS codes, while giving employees a benefit of approx. 75% reimbursement for qualified unreimbursed out of pocket medical expenses and, in most cases, an increase in their take home pay. By signing up for this program, at no cost to you and your group, you will save $300-$500 on FICA taxes on each employee per year, at the same time, all of your participating employees will be reimbursed up to 75% of their out of pocket medical expenses not covered by their insurance. In other words, for anything under their deductible or co-insurance for any kind of medical expense will be reimbursed. The program is based on tax codes Sec. 105 & 125 among others that allow the employee to put money into the program for such healthcare expenses. Up to now the reason the average employee didn't participate in this type of program is it takes away from their take home pay which some could not afford but what makes our program different is that they are reimbursed each month, not by the employers but by our special plan for the amount they contribute to the plan and actually take home more money than they do presently. Who wouldn't want to have a pay raise and not worry about unexpected out of pocket medical expenses? Because there is no net cost to the employer or employee, there usually is a high participation rate which translates to thousands in savings for you, the employer. Minimum requirements for this program is at least 10 full-time employees with at least an average yearly salary of $30,000.
For companies who use shipping services frequently, we review their Fedex/UPS statements and eliminate up to 15% of your total shipping expense for charges that are eligible for a refund due to late deliveries and invalid charges. In addition to an auditing software you get a very robust online Reporting Dashboard and Optimization Service that can result in an additional 12-15% savings (on average).Our services are Risk Free:
• 100% Gain Share Based Billing - No Savings, No Fees!
• Month to Month Agreement Terms - No long term commitment.
• Nonintrusive - 100% Transparent, requiring no changes in the way you currently do business.
• Our clients saved $51.3 million in 2014.
Please contact us to schedule a brief 15 - 20 minute WebEx presentation to learn more about our solutions that have saved millions of dollars for our clients made up of retailers, e-commerce, manufactures, or any business that ships with FedEx and UPS.
Business spend billions on electricity and gas each year. Another service we provide is a free consultation for cutting energy costs for industrial, institutional and commercial clients. We provide savings through: Electricity Demand Management, Energy Efficiency Funding, Utility Audits, Energy audits and retrofits, Electricity and gas procurement and auctions (supply), Energy savings technologies, Solar Systems, Demand response, Combined Heat and Power Systems (Cogeneration), Energy Management, Demand Management, Lighting Retrofits, HVAC Retrofits
Along with Merchant Account Services, through a partnership with The Coalition of Merchants Against Unfair Interchange (MAUI),the industry's only independent merchant watchdog organization, after a confidential review of your most recent merchant statement, we report the hidden fees that we find to the Consumer Financial Protection Bureau in an attempt to regulate the processing industry. If we find that you are a significant victim, we contact your processor and put a stop to it. Our sole mission is to put an end to unfair fees that merchants are forced to pay.
Most business owners or managers believe that their waste and recycling programs are cost effective as they exist. But, in reality, we are able to recover savings for more than 9 out of 10 businesses that we consult with. And the average savings we recover is 40%! You do not pay anything for our analysis and our recommendations unless we produce a direct refund, credit, or savings in your waste and recycling services. There is NO RISK on your part. We do all the work and you reap the savings. In fact, we usually save money for our clients by renegotiating their existing contract with their current waste hauler. Join the hundreds of businesses that are saving thousands - even TEN$ of thousands of dollars by allowing us to review YOUR waste hauling contract.