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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