Being a small business owner is an undertaking many people are not cut out for. It can be both a fruitful and fruitless endeavor, an ongoing balancing act between responsibility and freedom, pressure and rewards, passion and patience, solitude and connection. The hours, oh the hours, worked to succeed, to make an impact, to thrive, to survive, to provide, for the community, your staff, yourself, and your family. It is a constant juggling act, with the slightest misstep, costing you greatly, but with fluidity, and purposeful action, you can put on an incredible show, leaving the audience wanting for more! There are so many tools, training, and resources at your disposal, to help you achieve that standing-o!
One of the most crucial pieces of your small business, is your staff. They are the faces seen by your clients and customers every day, the face of your investment, the extension of you. You work hard, especially at first, to find the right people, the right fit, that benefits your aims, while keeping them interested in remaining by your side. You want your staff to be proud of the job they do, relaying that pride, joy, and excitement through to your business audience. They are your performers, and you expect them to perform, to follow your lead, into a successful experience for all. With all the ways to achieve that, we can help with one new, powerful option.
A big problem I hear of, in dealings with the employees of a small business, is that they can have the propensity to bring their personal problems to work. You, as their leader, their source of guidance, have heard it all. It can be frustrating. One, many small businesses are like a family, and it pains you to hear those close suffer. But from a business standpoint, it's debilitating. The face of your company needs to be a smiling one, not the opposite. With costs of everything increasing, including health insurance premiums and expenses, those missteps in their personal life, through poor budgeting or freak accidents, can hurt their performance at work, and the show must go on!
I introduce the HRA, Health Reimbursement Accounts. The government recently passed this option through congress to help you, help your staff, your crew, your performers. It is an employer funded account that allows you to assist in the payment of high employee health insurance premiums and qualified medical expenses. Employer payments are a tax-deductible business expense and reimbursements to employees are tax-free. This is a tool for you to relieve stress on your staff, and subsequently, your business. There is some nuance and detail to go over with you, to determine if it will work for your circumstance, all of which I would be happy to discuss with you. We can help you put down one of those juggling balls and give you, and your staff, some peace of mind and guide you through it with ease. We’ll talk soon.