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E-Verify Requirements for Contractors
Jointly produced by Michael Best & Friedrich LLP and MBO Partners, this paper offers a groundbreaking overview of the legal ramifications and risks for federal contractors required to use E-Verify, with particular attention to how the new regulations apply to independent consultants, independent contractors, small vendors, and other sub-contractors. Get the paper here!
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MyBizOffice Is Now MBO Partners
MyBizOffice Now MBO Partners
Mission to make it easy for independent consultants to work with their clients.
MyBizOffice, the leading provider of business solutions for independent consultants and their clients, recently launched a new corporate identity as MBO Partners.
Consolidation & Administration
Our contractor engagement solution is the preferred method to quickly and cost-effectively work with virtually any independent contractor. Our automated administration and contractor payroll and consolidation services makes it easy to engage, pay, and manage your independent contractors, centralizing them under a single contract. The result: enterprise-wide consistency, minimal administration, and huge cost savings.
Consolidated Invoices on Your Terms
With MBO Partners, you can dramatically reduce the time you spend administering independent contractors. As they work, approve their time, milestones, and expense submissions using our online or email approval system. We then generate invoices for approved services and authorized client-reimbursable expenses. Better still, we consolidate your invoices to your needs. Want a single invoice representing all contractors? No problem. Prefer to group consultants by division, geographical location, or project? It's up to you.
Know What You're Spending
Stop being left in the dark when it comes to your contract workforce spend. MBO Partners gives you convenient and secure online access to metrics covering the usage, demographics, and costs of your contractor population. Manage your contingent workforce safely and easily.
The Preferred Contractor Payroll Solution
Our contractor payroll solution is the most streamlined and accurate payrolling program available. Further, our attractive services for independent contractors and consultants help us maintain an adoption rate for client-referred contractors that's over 95%.
Maximum Flexibility
MBO Partners contractor payrolling is configurable to your needs. Our automated MyBizOffice system supports contract talent regardless of industry, billing rate, or location—even contractors working abroad. Our payment services handle W-2 individuals, as well as 1099 independent contractors and small businesses. Unlike most contractor payment providers, MBO Partners can accommodate a wide variety of assignment types (including hourly, project-based, and fixed-price) and pay cycles (including weekly, bi-weekly, and monthly). We even provide advanced payments for contractors, pending clients' credit review.
On Time, Every Time
Whether contractors become MBO Partners employees or work as sub-contractors, our automated system means faster on-boarding, faster time and expense processing, faster approvals, and faster payments. Measure time-to-productivity in hours—not weeks—and ensure that contractors get their money when they expect to.
Very Low Cost
MBO Partners’ services average at only 5% of the contractor's billings. You may choose to pay this fee yourself or, because it is a function of contractors' billing rates, allocate some or all of the cost to independent contractors by adjusting their rate.
The fee does not include Employer Payroll Taxes, which range widely based on the contractor's location and yearly billings. Instead, MBO Partners draws actual statutory Employer Payroll Taxes from the contractor's business account since these are part of the contractor’s overhead cost and should be factored into their billing rate. Why is this important? Other payrolling services inflate their fee to include Employer Payroll Taxes, which means you are likely to be charged for the cost of the payrolling services’ taxes on top of the contractors’ cost for taxes. MBO Partners eliminates this practice. With MBO, your contractors get the financial benefit they deserve when their Employer Payroll Taxes lessen over the course of their assignment. And you're never forced to pay taxes that the contactors’ are expecting to pay anyway.
Contingent Workforce Automation
Using MyBizOffice, our online system, your contractors and consultants submit time and expense information on a regular basis. Your hiring managers then use the system to approve these submissions and review detailed business metrics and statistics about their contractor population. The system automates and consolidates invoicing and can integrate with your business and accounting systems to accommodate fast and accurate electronic funds transfers.