We've just received word that we have been successful in drastically reducing the Workers
Comp audit bill for a California client. This small business specialized in providing life skills training for developmentally disabled adults, and they had been threatened with financial extinction by a bill for around $450,000.00 from the State Compensation Insurance Fund.
Our review found that this huge bill was based on using the wrong Workers Comp classification for this biz, and thus the wrong rate. And this wrong class was around ten times higher than the correct one.
We were able to get the correct lower rate approved for these folks and now the bill has been reduced to a much more manageable $44,000.00.
It's always gratifying when our efforts help save a small business from a ruinous bill, but it's especially so when the client is providing such an important and needed service.
On this case, my son and business partner Scott Priz handled the majority of the work, although I was involved, too, in some important aspects. So it was a team effort that helped produce this very happy ending for our client.
And just in time for the holidays!
