Triton Human Resource Management | Payroll Online Processing

This reference letter provides documentation of the high-level of customer satisfaction my company has experienced since partnering with Triton for insurance and human resource services. After becoming increasingly dissatisfied with our previous agency, we selected Triton from several candidates, and continue to use them, for the following reasons:

> Their ability to aggressively negotiate with insurance companies, helping us obtain the coverage we desire at a price that appears to be reserved for companies much larger than our current level of 150 employees.

>Triton’s management team is very knowledgeable of the insurance industry and of a wide variety of human resource issues; this provides us the confidence to rely on their input when making decisions in these areas.

> Strong administrative support has been provided by Triton during our annual open enrollment and throughout the remainder of the year. Many insurance agents’ administrative departments can not support the promises made by their sales staff which in turn places an undue burden or additional costs on the client. Our company unfortunately experienced frequent billing errors, were forced to make the same requests numerous times and were constantly correcting errors involving employee’s coverage and pay when we were with a much larger agency.

Triton’s professionalism and ethical integrity has been a major factor in our companies success in reducing the administrative burden and costs related to areas of insurance coverage and human resource support. I strongly recommend Triton’s services to others.

Robert A. Lockhart, COO

04/09/2010 – Major Changes to 1099 Information Reporting Laws

Included in the Healthcare Bill

Major Changes to 1099 Information Reporting Laws
Jolene Loos / C&L Value Advisors LLC

Tampa, FL - Some of the most drastic changes to 1099 information reporting in over a decade were included in the passage of the Healthcare reform bill. Included in the bill were revenue raising provisions meant to seek greater compliance of the tax code via 1099 information reporting. General provisions included:

 The elimination of the corporate exemption from 1099-MISC reporting. (Public Law 111-148)
 The requirement to report payments for property (goods, materials, merchandise, supplies, etc.) (Public Law 111-148)
 A six-fold increase in penalties from $250,000 to 1.5 million. (H.R.4213,H.R.4849)
 A doubling of penalties per record from $50 to $100. (H.R.4213,H.R.4849)

Beginning for payments made after December 31, 2011, companies will be required to furnish and file form 1099-MISC for payments made to all for-profit companies regardless of corporate status. In addition all payments for goods, materials, merchandise, supplies, and other property will need to be reported as well. Early indications reveal that these changes will likely cause the 1099 reporting volume to increase significantly for most companies as well as the associated B-Notices.

While the law applies to payments made after December 31, 2011 companies need to make broad changes to: 1) W-9 procedures to include all vendors. 2) Solicit W-9's for corporate vendors. 3) Prepare for larger 1099 year-end printing, mailing, and filing. 4) Make the appropriate budgetary and system updates to accommodate these change.

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