Maven, Free Agent, Freelancer, Guru, Self-Employed, Sage, Independent Contractor, Temp, Micro-preneur, Interim Executive, Agent, Broker, Locum Tenen, Entrepreneur, Moonlighter, Proprietor...

No matter how you say it …

..self-employment means freedom and independence. But if you’re like millions of others you are well aware of the benefits you’re being denied – Affordable group health care, quality dental & vision plans, 401K retirement planning, tax-deferred savings, flexible spending accounts for tax-deductible medical expenses & child care as well as back office support and administration, ongoing tax filings and liability migration.

There must be a better way

Introducing the Partner's Program

Advanco offers a smart, sensible solution. We handle the administrative paperwork and eliminate the headaches. We file your payroll taxes (no more quarterly reports), enhance timely billing and collection from clients, offer easier access to credit through our pre-negotiated network of affiliates, provide a consistent job history (no more penalties for being self-employed), protect you with affordable, group-rate health and retirement benefits and reduce your costs thanks to our large group buying power. By doing all this, ADVANCO eliminates the hassles and risks usually associated with self-employment.

Be in business for yourself, not by yourself

Our members are a diverse bunch, each with unique skills, talents and experience, specific needs and objectives. They seek tailored solutions as unique as the businesses they operate but with one thing in common -- a spirit to excel. Advanco shares in that spirit and offers the tools and services to help you excel in your business. You enjoy the freedom of independence and the advantage of our group buying power and expert assistance. You focus on what you do best and we administrate your non-core business.

Think about when you first decided to start your new venture. It was exciting and promising! But you didn't plan on getting into the 'business of employment' did you? As an Independent Contractor, you can’t afford to spend time preparing tax reports, shopping for health insurance, handling legal and compliance issues, claims administration, travel itinerary and answering to a host of Federal, State and local agencies.  

Advanco gives you access to all of this and more – a 401K plan, pre-tax flexible spending accounts (section 125), private banking and financial services and benefits traditionally reserved for senior executives of Fortune 500 firms We can even handle your invoicing and collections. Imagine having your own office infrastructure for a fraction of the cost.

How does it work?

You form a corporation, “You” Inc.. You join Advanco and we set up your own "profit center", your own business unit based on cost center accounting practices for your business. We assume responsibility and liability for payment of wages and governmental compliance while you maintain ownership and complete control to manage the day-to-day activities of your business unit. Your income may remain the same or change. You decide how much of your gross earnings are reclassified through the program. You elect your choice of health, dental, vision plans and you control your decisions with your 401(k) and flexible spending accounts. You tell us what your gross income is and we transfer the amount twice a month. Then we withhold all applicable FICA, Medicare, State and Federal income tax filings, adjust for your elected pre-tax deductions for healthcare, retirement, flex account options and administrative fee and forward you a net paycheck via direct deposit. Advanco reduces or eliminates many of the costs associated with operating your business even after you factor in our fee. Prove it to yourself and try our Savings Calculator. 

ADVANCO will administer your back-office through a web based portal in your name so that you become a part of a large organization. By maintaining your corporation you will enjoy the best of both worlds - allowing you to keep your self-employment perks such as tax breaks and write-offs, and of course, the ability to choose clients - working when, where and how you want.

Each member begins by establishing how much of their 1099 income they’d like to reclassify as W2 income. This has no effect on your gross income. You have complete flexibility to define your participation needs and goals according to your individual circumstance. Next, you elect your health care, retirement and deferred tax options. How much would you like your tax obligation reduced? Do you need dental, vision, flex spending? This election alone may put a couple hundred additional dollars in your pocket each month.

Then on the 10^th and 25^th of each month, Advanco clears one half of your elected monthly gross income from your business account and deducts your applicable taxes and our tax-deductible administration fee. Certain deductions, like Social Security, income taxes and unemployment insurance remain identical to those associated with a 1099.

If you choose, we then make pre-tax deductions for health care coverage costs associated with your health plan, dental or vision plus your specified 401(k) contributions and flexible spending account deposits. Finally, on the 15^th and 31^st (last day) of each calendar month you are issued a net paycheck via direct deposit and sent a summary and an annual invoice. Your deductions are fully itemized - as a single line item, 100%!

That's it. Its that simple.