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Tool Reimbursement Program

One very innovative program that can reduce your company's expenses while increasing your technical staff's income has been available and
used in the construction industry for a number of years. It is now been discovered to be as effective for the Collision Repair and Service Industry
as well.

This program is referred to as an Accountable Tools Reimbursement Plan and is managed by Pro-Check, a Michigan based organization specializing
in tool reimbursement management. The accountable managed program reduces your indirect expenses for employees. This is possible because it allows you to pay a portion of the employee's wages "tax free" for the reimbursement for maintenance and upkeep of their tools. This not only reduces your tax liability but allows increases in the net earnings of each participating and qualified employee !

Does it sound too good to be true ? It is not ...                                       View Video                                                                                                                          
Contact AEII today for more information at: 877 AEII USA or e-mail at: tools@aeii.net                                
                                                                                                                                                                               

Below is also an interactive worksheet in which you can change, delete, and input staff members with their current  compensation to project not only their increase in staff members' net income, but also your company's cost reduction (savings directly to your 
bottom line) per week and year.

Directions for use:
Change, Delete, and/or Input information in the Blue Fields in the below chart. This can be used whether the employee is an hourly employee or a flat rate employee. Make sure to identify the Level of the employee as per the footnote listed below the tables.

Your technicians' net pay comparisons are automatically calculated in the yellow and green columns as well as their yearly gain in net pay. 

The Company's Cost Reduction (CCR) will automatically calculate the weekly savings in the orange box and list the projected yearly savings as well.

Keep in mind, the cost reductions below includes only FICA and Medicare tax savings to your company. This program can also reduce your Workman's Compensation Insurance, Unemployment, and other payroll based expenses for many States as well.

If your system can not view this spreadsheet contact use directly for a cost savings analysis and employee net pay increase projection.

                                       The above calculations include the administrative costs associated with the Accountable Plan.
           Contact AEII for more information how this can reduce your company's expenses and increase your technician's pay :  tools@aeii.net