Business Services is the easiest way for independent professionals to be in control of which projects they work on, without the hassle of opening and operating their own corporate entity. Enjoy many of the benefits of self-employment without the legal hassle of setting up a corporate entity or the burden of paying quarterly taxes.
With MBO, you manage your business using our independent professional Operating System platform, MBO Access. Here, you manage a business center of MBO, including all business functions, such as invoicing, collections, expense management, tax withholding, and much more.
MBO independent professionals are supported by a dedicated Business Manager to answer questions, resolve issues, and personally assist with items relating to their independent business, including contract review, invoicing issues, collections, payroll management, and much more.
In 2015, almost 92,000 small businesses and self-employed individuals were audited by the IRS. For your protection, MBO offers the convenience of automatic tax withholding to ensure compliance with the IRS tax code and sends you a simple W2 of your earnings for the year.
Qualified business deductions can lower your taxable income, including qualified benefit plans and business expenses. MBO reviews, processes and documents these expenses (as well as expenses that are billable to your client) at no extra cost, removing the need for saving receipts and itemizing these expenses at the end of the year.
With MBO, qualified independent professionals will enjoy coverage of a $5 million general liability and errors and omissions (E&O) insurance policy, which can cost thousands of dollars on the open market. This coverage allows you to engage with large clients who generally have strict insurance requirements in order to do business. We also provide limited liability protection so that your personal assets are protected by the MBO Partners corporation.
If you qualify, you are eligible to purchase optional group life and disability plan coverage. We automatically deduct premiums from your account, and no medical underwriting is required as long as you enroll within 30 days.
Enjoy the security, comfort and ease of participating in MBO’s group medical insurance plan and/ or dental plan.
With MBO, you have access to our retirement fund and to investment advisors. Your contributions can be put directly into your account, making retirement savings practically painless.