Will A PEO Manage Just Payroll?
A Professional Employer Organization can be incredibly helpful to small- and medium-sized companies by helping save on employee benefits such as human resource consulting, safety and risk mitigation services, payroll processing, employer payroll tax filing, workers’ compensation insurance, health benefits, employers’ practice and liability insurance (EPLI), retirement vehicles (401(k)), regulatory compliance assistance, workforce management technology, and training and development.
However, did you know a PEO can personalize the services they offer based on what a business owner needs, such as managing the payroll exclusively? That’s the beauty of partnering with a PEO—it’s versatile.
Think automated deposits, one-off payments, and more. PEOs help administer payments to full-time and part-time employees (salaried and hourly), and sometimes vendors and contractors as well. In sum, they handle the nitty gritty of payroll administration.
A PEO will also support your employer-related compliance needs for payroll taxes, employee tax forms, and reporting forms by offering the following:
- New hire reporting
- Workers’ compensation
- W-2 and 1099 filings
- Employment Practices Liability Insurance (EPLI)
- Unemployment Insurance filings
If you would like to learn more about personalizing your PEO services, contact CCPEO Consulting at 817-233-4551 or [email protected].