CPA Partnership Opportunty

Here's how Tsunami Health can collaborate effectively with CPA firms to create a mutually beneficial business scenario:

1. Strategic Partnership for Financial Analysis:

• Business Health Checks:
  Collaborate with CPAs to offer businesses comprehensive financial analysis regarding their health insurance and employee benefits expenses. CPAs can highlight cost-saving strategies, like leveraging ICHRA or small-group plans, integrating Tsunami Health's expertise to provide bespoke solutions.

• Budget Forecasting & Scenario Planning:
  Utilize CPA expertise in financial forecasting to help businesses project long-term financial outcomes and assess the tax implications of various health insurance options.

2. Tax Form Preparation & Compliance:

• ICHRA Administration:
  Tsunami Health can partner with CPAs to manage the reporting and tax compliance obligations associated with ICHRAs, including annual filings, Form 1094/1095, ensuring businesses stay compliant without internal overhead.

• Form 5500 and Related Filings:
  CPAs can assist Tsunami Health clients by preparing, reviewing, and submitting Form 5500 for businesses utilizing small-group plans. This streamlines compliance and adds value to Tsunami’s service offerings.

3. Shared Client Referrals:

• Establish referral agreements with CPA firms, whereby CPAs recommend Tsunami Health to their clients needing specialized healthcare and benefits administration, while Tsunami refers clients needing comprehensive financial management and tax preparation back to the CPA.

4. Joint Educational Initiatives:

• Co-host webinars, workshops, or lunch-and-learns on financial wellness, benefits optimization, and tax savings strategies involving health plans. These events strengthen client relationships and attract new prospects.

5. Customized Financial Reporting & Dashboarding:

• Collaborate with CPAs to develop customized dashboards that provide small businesses with clarity on their healthcare expenditures, tax implications, and savings achieved through various health plan choices.

6. Co-branded Marketing and Thought Leadership:

• Publish joint articles, newsletters, or whitepapers outlining strategies for small businesses to maximize financial efficiency, reduce taxable income, and optimize health benefits.

Benefits to Both Tsunami Health and CPA Firms:

Tsunami Health Benefits: CPA Firm Benefits:- Expanded service offerings- New revenue streams from compliance services- Increased client satisfaction through added financial insights- Enhanced client retention and acquisition- Access to a broader client base through referrals- Expanded service portfolio into health benefits administration- Enhanced credibility through professional CPA endorsements- Improved client satisfaction with comprehensive advisory solutions

By leveraging CPA expertise, Tsunami Health can significantly enrich its value proposition, enhance client outcomes, streamline compliance, and foster robust professional networks—creating a genuine win-win scenario.