Be Audit Ready
Because your real insurance cost is determined after your policy expires, it’s essential that the audit is correct. Don’t assume that the insurance auditor will remove the allowable deductions from your payroll totals. Don’t assume that the auditor will classify your employees properly.
Here’s how the auditor works against you:
- Your entire payroll is put into the highest classification.
- After which, the “standard class exceptions” are put into the correct cost classification. When someone is not properly moved to the lower cost classification, you pay at the highest rate.
Do you receive a copy of the Auditors worksheet after every audit?
Would you allow an IRS agent to conduct an audit without an expert on your side?
We can help!