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Professionalemployerorganizations (PEOs) offer a cost-effective solution to this problem. Besides the cost savings, working with a PEO can yield many benefits to employers. NAPEO (National Association of ProfessionalEmployerOrganizations) economists Laurie Bassi and Dan McMurrer conducted research into PEOs.
Choosing the right professionalemployerorganization (PEO) for your company is a huge project. The internet abounds with stories of PEOs increasing rates without warning or going out of business without paying employees or payroll taxes. CPA-affirmed documentation that they remit employmenttaxes in a timely manner.
As employment laws, tax laws and health care reform continue to change at a rapid pace, it can be difficult for business owners to keep up. These PEOs should be able to provide you with an independent CPA’s verification of their audited financial statements and payment of taxes and benefits. Their commitment to customer service.
There’s a lot of information—and misinformation—about professionalemploymentorganizations (PEOs) floating around online. Myth #7: “Our insurancecarrier could change anytime, on the whim of our PEO.”.
What is a ProfessionalEmployerOrganization (PEO)? According to the National Association of ProfessionalEmployerOrganizations ( NAPEO ), “A professionalemployerorganization (PEO) provides comprehensive HR solutions for small and mid-size businesses. PEO vs. HRO.
Are you uncertain about how to find the most suitable professionalemployerorganization (PEO) for your company? Deciding which one offers the best service , the greatest value and the type of expertise that your organization needs isn’t always so simple. Have you explored all your options? Do your homework.
Like almost every other industry, professionalemployerorganizations (PEOs) have been forced by the global pandemic to ask themselves this question. Get an in-depth look at professionalemployerorganizations and why you should consider partnering with one. “What is our industry’s new normal?” million to 3.7
There’s a lot of information—and misinformation—about professionalemploymentorganizations (PEOs) floating around online. This is one of the classics—it consistently shows up on professionalemployerorganization pro/con lists. Myth #7: “Our insurancecarrier could change anytime, on the whim of our PEO.”.
Though the employer mandate provisions of the Affordable Care Act have been delayed, health care insurance costs, taxes and fees are expected to continue to climb. Postponing your decision to provide health care insurance could prove to be very costly for your business. Use a health insurance broker.
In this article, we’ll answer three questions about Massachusetts small business health insurance requirements. We’ll also discuss how partnering with Genesis HR’s ProfessionalEmployerOrganization (PEO) may be the best way to ensure quality health insurance coverage for your employees.
If you’re investigating outsourcing your HR needs, you may have run into two different services that seem similar: administrative services organization (ASO) and professionalemployerorganization (PEO). PEO services include administration of the following: Employer compliance. What is a PEO?
Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. How do you decide which benefits your organization should offer? Common Employee Benefits.
Many of these individuals could trade thousands of dollars in premium costs over the course of 2014 for a relatively small tax penalty for not having coverage. If that happens, premiums are expected to go up for everybody left in the insurance pool. Under a co-employment relationship, these burdens pass to the PEO.
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