Wednesday, March 4, 2009

PEO Payroll Processing and Administration

PEO payroll processing and administration services give businesses the much needed focus to devote their workforce and resources to their core responsibilities. Payroll outsourcing services give you a great opportunity to concentrate on the basic aspects of your business, leaving other jobs like processing payrolls to a PEO company. The payroll processing and administration solutions offered by PEO's include:

• Payroll preparation and delivery
• Payroll taxes and filing
• Section 125 pre-tax administration
• Payroll deductions, garnishments and levies
• Flexible spending accounts
• Federal and State payroll tax deposits and returns
• FICA, FIT & SIT tax withholdings
• Customized payroll reports
• Audits and job cost accounting reports
• Cost allocation reports
• Updated employee files
• Filing of quarterly reports - FICA, FUTA, SUTA
• New hire reporting
• Federal payroll summaries
• W-2, W-3, and 1099 forms
• Wage/hour law compliance
• Management of paid leave program (if applicable)
• Comprehensive payroll deductions
• Vacation & sick time accruals
• Department summary
• Multiple worksites

Payroll processing and administration is only one of the many HR outsourcing services offered by a professional employer organization. PEOs have extensive experience dealing with many businesses. They also maintain a deep relationship with insurance providers which really help them offer competitive Workers' Compensation plans. The experienced staff that makes up a PEO knows all about federal and state regulation. They can therefore ensure your business satisfies all government norms. In short, your relationship with a PEO results in a winning combination, arming you with all the resources you need to succeed in a competitive environment. PEO payroll processing and administration services eventually help businesses increase earnings through streamlined processes.

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