Pay As You Go Workers Compensation Don't Tie up Thousands of Dollars in Workers Compensation Insurance... Pay for Only the Workers Compensation Insurance You Need Pay-as-you-go workers compensation plans is a revolutionary and hassle free approach to paying for Workers' Compensation Insurance.   Rather than pay workers' compensation insurance premiums in advance and tieing up viital cash, or financing workers compensation through the insurers financing program, a pay--as-you-go program will allow you to pay premiums one payroll at a time. The pay-as-you-go plan is unlike most workers compensation insurance plans that require you to tie up vital cash in advance.  A projected payroll is required for most plans.  The insurance premium for the year is then based on this projected payroll.  Estimate too high, and you have thousands of extra dollars tied up during the year with workers compensation insurance.  If you estimate too low you will have a major adjustment at the end of the year and will have to write a large check for the adjustment.  The pay-as-you-go plan simplifies this process.  It offers a much more flexible and worry-free way to pay for your premiums.  It is an ideal solution, because it eliminates the need to commit a large sum of money up-front and enables you to use the money for other needs.  In addition to better cash management, the table below highlights the benefits of a pay-as-you-go plan over a traditional plan.   Traditional Payment Plans Pay-As-You-Go Plan Premium Based on Estimated Payroll Premium Based on Actual Payroll Large Up-front Deposits with Limited Payment Terms Little to No Down-payment Requirements Finance/Billing Fees No Finance/Billing Fees Large and Unbudgeted Audit Adjustments Audit Adjustments Minimized Checks to Write Automatic Premium Deductions                    Unlike other payroll companies we offer a choice of carriers.  Contact us today to learn how a pay-as-you-go workers compensation plan will benefit you.  (Please note that the pay-as-you-go plan must be used in conjunction with our payroll service)   Contact Information Richard A. Beauchemin, CPA/Carolina Accounting & Tax Service, PLLC 5309 Monroe Road Charlotte, NC  28205 Phone:  704-375-2715 email: service@carolinaaccounting.com Web site:  www.carolinaaccounting.com