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We conduct regular online
webinars to provide additional
information about tool reimbursement plans.

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(For Scheduled Events)


Didn't see an Event ?
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(To Request a Demo)

 

PO Box 532364 · Indianapolis Indiana 46253
For More Information Call: 877.234.4872 ext 4
Email: Inquiry@toolreimbursement.net
Welcome
Thanks for visiting our website about  tool reimbursement programs designed to reduce your employee payroll indirect costs while at the same time increasing your technician's net earnings.

 Watch Presentation

Tool Reimbursement is a key Employee Benefit Program that actually saves you money and assists in retaining good employees.

Tool Reimbursement
Our accountable online Program simply reduces your indirect expenses for every eligible employee. 

 

This is possible because it allows you
to segment a portion of the employee's wages "tax free" for the reimbursement of the expenses the employee incurs
for their tools. 

This not only reduces your tax liability but allows increases in the net earnings of each participating and qualified
employee !

Want More Information ... Click below to watch and listen to our employer presentation ....

                Watch Presentation

(Don't Forget to Turn on Your Speakers)

The key to making this a real benefit offering for both your company and  technicians is that it is easily manageable and understandable.

We are bringing this available win - win benefit to the mechanical and collision industries through a network of qualified representatives.
 

For More Information about how to enroll into a tool reimbursement program ...
                   Click Here

For Information on how to become an Independent Sales Representative for tool reimbursement. ...

                           Click Here
           Losing Money Every Pay Period
 

Sound Too Good to be True ? 
It's Not ... Our program is referred to as an Accountable Tools Reimbursement Plan.

Since the August 2005 IRS Ruling on Tool Reimbursement Plans, there has been a great deal of misinformation about what is considered as a valid Accountable Plan.

Unfortunately, there are still several programs being offered that we believe
do not meet the requirements of being considered an Accountable Plan.

What is an Accountable Plan  ...
                       ... and why is this important ?

An Accountable Plan is an employee non taxed reimbursement that meets the requirements allowable under Treasury Regulations:

  • •S1.132-5(a)(1)(v)
  • S1.62-2(c) (1)

These types of reimbursements are not unlike Section 125 Pre-tax medical savings programs and mileage reimbursements except they must meet the requirements outlined specifically in above United States Treasury Regulations.

In recent years, the validity of any tool reimbursement program has been under scrutiny to ensure they meet all the requirements of these regulations.

Many of the programs on the market did not, and still do not qualify. If a program
is determined not to qualify as an Accountable Plan, all reimbursements made would then become taxable.

This is why it is important to select a provider that has not only designed their program to meet the regulations, but will stand behind you. Our tool reimbursement program is Powered by SecondCheck™ the leader in the Tool Reimbursement Provider Industry.

SecondCheck™ provides the industry's first Indemnification Agreement that provides you legal protection in case of an audit.

So when you follow our program, we stand behind you by defending your interests as well as burdening any legal expenses incurred. This even includes any taxes or penalties. 

 

 
TECHNICIANS TAKE HOME MORE PAY:

The BOTOMLINE
Not only do you as an employer save money on FICA/Medicare matching costs, and possible other taxes or expenses such as worker's compensation insurance, state and federal unemployment, and even certain liability insurance premiums that may be based on payroll * ...

     Your Technicians really see the benefit of increasing their net pay !

 
   An employee that spends $3,000 on tools and equipment can increase their
   own take-home pay by approximately $900, by recording their expenses with
   ToolReimbursement.net™.

   That same employee spending $3,000 on tools and equipment will result in
   approximately a $230 savings to the company, so 10 employees utilizing this
   program will result in over $2,000 in increased net profits to the company.
 

 

   The above is solely for demonstration purposes and will vary based on existing inventory of tools as well as their individual expenses for tools and other related expenses to perform their work.

 

* Additional employer and employee cost savings may also vary State to State
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