SELF-EMPLOYED SOLUTION
don't take our word for it! Calculate your own savings!
SECTION #1 : Whether you are an employee of Milton Park Partners or an Independent Contractor, you will be responsible for Social Security & Medicare Taxes and for paying both the Employer & Employee portions.
Here is a simple calculation to show how the 2 tax rates compare. Please keep in mind that these numbers are based on your individual payroll withholdings and your State of Residency. These are tax estimates and will vary by individual.
additional benefits of being and employee of milton park
SECTION #2 : Next, is an outline of the benefits offered to you as an employee of Milton Park Partners verses being on your own. The All-Inclusive Administration fee is a fixed cost and includes all of the features listed below, which are not available to you as a Self-Employed Independent Contractor.
* Due to the numerous tax codes & payroll regulations, most Independent Contractors hire a CPA or Accountant to file their Quarterly Estimated payroll taxes to avoid errors and penalties. Accounting fees average between $150 to $400 per hour to prepare Quarterly & Year-End tax filings. based on a minimum of 2 hours per quarter, times 4 quarters, equals $1,200 per year or $100 per month
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Web Based Payroll (Monthly) |
All Federal & State Filings |
Garnishments/Deductions |
Work Comp/Disability Insurance |
Employee Assistance Program (EAP) |
ACA & HR Compliance |
Employers Practice Liability Ins. (EPLI) |
$20,000 Life Insurance |
Slavic 401k plan |
Sec. 125 Pretax Deductions (Benefits) |
Year-End W2 filing |
Accounting Fees (Quarterly Taxes)* |
All Inclusive Administration Fee |
Milton Park Partners Employee |
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N/A |
$175 per month |
Independent Contractor |
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$100 per month* |
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your Healthcare Benefits
SECTION #3 : The final step in your evaluation is to compare Milton Park health rates to what you are currently paying. For this example, we are using our most popular health plan (Option 5 UHC), which has 100% wellness coverage, $30 office visit co-pay, 100% and coverage after the deductible has been met.
Based on your personal needs, simply enter the amounts that apply below:
Your Cost savings Comparision
SECTION #4 : Here’s where the rubber meets the road! Enter your numbers from Sections #1, #2, #3 to discover your savings.
Oh yeah, for even greater savings, remember as a member of Milton Park the entire program is 100% tax deductable to your company!
Once you have discovered our value and want to move forward, APPLY NOW to complete your application. If you have any additional questions call us at 770.609.5607 or email us at Team@PayrollAdvantage.net.