Payroll and tax administration services are one of the comprehensive services that PEOs (Professional Employer Organizations) offer to client companies. PEOs offer comprehensive human resource management solutions. The other solutions offered as part of human resource management include human resource administration, employee benefits administration, workers’ compensation, risk management and support, regulatory and government compliance, and recruitment and selection services.
A range of payroll and tax administration solutions
As part of payroll and tax administration services, solutions offered typically include payroll delivery, quarterly reporting (FICA, FUTA, SUTA), new hire reporting, federal payroll statements, flexible spending accounts, labor cost accounting reports, cost allocation reports, vacation and sick time accruals, paid leave program administration, wage/hour law compliance, payroll deductions, W-2 production and submission, and summary from the Department.
Comprehensive and profitable services for all types of organizations
These services are comprehensive, flexible, and cost-effective. PEOs are extremely adaptable to the needs of client companies and are therefore feasible for organizations of all sizes, whether they are strong 25-employee organizations or Fortune 500 companies. Companies also have the option of delivering all of their Outsource HR responsibilities to the skilled hands of a PEO or outsource one or two of the responsibilities.
By hosting a PEO, companies enter into a very advantageous partnership with an organization made up of experts in the various disciplines that make up human resource management. With manpower nurtured, client companies can unlock their full potential and focus on their core tasks, leading to optimized business performance and a vital edge over the competition. Outsourcing payroll and tax administration services is the right path for companies.