Reliable PEO Partner
The PEO concept (formerly known as employee leasing) was first introduced in the early 1970’s and has since grown into a widely recognized industry that operates in all 50 states and covers 2-3 million workers.
Employee Leasing Service providers are essentially human resource specialists, employing highly efficient payroll systems, tax specialists, risk managers, and a master workers’ compensation policy that extends coverage to each client company through a Co-Employment agreement. The companies that provide this type of service are called a PEO company.
A professional employer organization (PEO) provides comprehensive HR solutions for small to mid-size businesses. Payroll, HR, tax administration, and regulatory compliance assistance are some of the many services we offer. Statistics show that businesses that work with a PEO grow 7 to 9 percent faster, have employee turnover that is 10 to 14 percent lower, and are 50 percent less likely to go out of business. The return on investment of using a PEO, in costs savings alone, is 27.3 percent.*
This PEO partnership allows you to focus on your core business while we handle your payroll, workers’ compensation coverage and claim administration, and the filing of FICA, Federal and State Unemployment Taxes.
Employee leasing programs allow business owners and managers to spend their time doing what they do best, rather than struggling in piles of paperwork.
If you don’t need the breadth of services with employee leasing, we also offer payroll services.
*Statistics provided by NAPEO
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PEO Services We Offer
- Calculating wages and payroll deductions
- Preparation and delivery of payroll checks
- Preparation of management informational reports
- Annual Workers’ Compensation Deposits
- Annual Workers’ Compensation Audits
- W-4 Completion and Withholding
- Federal I-9 Employment Eligibility Forms
- W-2 preparation
- 941 Form preparation
- FICA filings
- Federal and State Unemployment Tax filings
- Payroll deductions such as child support or alimony
- Direct Deposit
Find out how we can simplify your paperwork. Contact us today for a free consultation and quote.
What are the benefits of having a PEO partner?
As a business owner, you want to focus their time and energy on the “business of your business” and not on the “business of employment.” As businesses grow, most entrepreneurs do not have the necessary human resource training, payroll, accounting skills, knowledge of regulatory compliance, or the backgrounds in risk management, and workers’ comp insurance to meet the demands of being an employer. As your PEO partner, we ensure your company stays compliant, your employees get paid on time, and we reduce your risk and liability.
Frequently Asked Questions About Employee Leasing
What responsibilities to I have as an employer?
The answer depends on the employee leasing services you choose. In a co-employment arrangement, you still take care of hiring and manage the work of employees on a daily basis. A PEO is your partner to help with HR issues, payroll, compliance, benefits, and administration.
What are the benefits of employee leasing?
The most commonly reported benefits of employee leasing are reduced administrative costs, improved cash flow due to the inclusion of workers’ comp insurance and better compliance with state and federal tax requirements.
What is employee leasing?
Most easily summed up, employee leasing programs are arrangements in which businesses lease their employees through an outside contractor that takes care of the various personnel-related activities commonly associated with human resources management. Employee leasing programs have become particularly popular among small and mid-sized companies.
Wonderful Payroll Service, we have used this company for years and we’ve always been please with their service and friendly staff.