Payroll
Services
Using
a PEO for your
payroll
services can save you hassles and headaches.
A quality PEO will produce a positive, dynamic
relationship with their clients that will
last for years. You want your payroll done
right not just the first time, but every time,
making certain that all your needs are met.
You want your PEO's
services to do everything from processing
employees’ paychecks precisely to withholding
taxes accurately to carefully to addressing
your payroll concerns discretely.
For
payroll
processing, simply calculate hours of
payroll and submit it to your PEO (professional
employer organization) or employee leasing
company. Some employee leasing companies have
electronic capabilities in their payroll services
that allow you to enter payroll yourself for
greater accuracy. Employees may also have
access to their own payroll records and the
ability to change addresses or deductions
through payroll services. The PEO issues paychecks
to the leased employees, usually drawn on
its own bank accounts, and receives a professional
services fee from the client company, which
is previously agreed upon. Some of the payroll
services you can expect from a PEO include:
•
Prepare payroll
• Direct
deposit
• Payroll delivery
• Issue checks & reporting
• Federal & State tax deposits
• Management of paid leave program
• Comprehensive payroll deductions
• Year-end W-2s, W-3, 1099s &
940
• New hire reporting
• Job cost accounting reports
• Department summaries
• FICA, FIT
& SIT
tax withholdings
• Federal payroll summaries
• Wage/hour law compliance
• Customized reports
• Vacation
& sick time accruals
• Multiple State deposits & filing
• Checks signed & stuffed in envelopes
The payroll services offered by a PEO or employee
leasing company should meet your expectations
and be flexible enough to grow and evolve
as your company does, and when selecting
a PEO, you should inquire about all these
points. Payroll services are one of many ways
employee leasing makes sense for your business.
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