Payroll and Tax Administration sets
Payroll and tax administration sets are one of the exhaustive sets offered by PEOs (specialized employer organizations) to client businesses. PEOs offer comprehensive human resource management solutions. The other solutions offered as part of human resource management include human resources administration, employee benefits administration, workers’ compensation, risk management and sustain, regulatory and government compliance, and recruitment and selection sets.
A Range of Payroll and Tax Administration Solutions
As part of payroll and tax administration sets, the solutions offered generally include payroll delivery, filing of quarterly reports (FICA, FUTA, SUTA), new hire reporting, federal payroll summaries, flexible spending accounts, job cost accounting reports, cost allocation reports, vacation and sick time accruals, paid leave program management, wage/hour law compliance, payroll deductions, W-2 production and delivery, and department summary.
Comprehensive, Cost-effective sets for All Types of Organizations
These sets are comprehensive, flexible and cost-effective. PEOs are extremely adaptive to the needs of client companies, and are consequently possible for organizations of all sizes, be they 25-employee strong organizations or Fortune 500 concerns. Companies also have the choice to either hand over all their HR outsourcing responsibilities to the expert hands of a PEO or outsource one or two of the responsibilities.
By welcoming a PEO, companies go into a highly advantageous partnership with an organization consisting of experts in the various disciplines that make up human resource management. With the workforce taken care of, client companies can count on their complete possible and focus on their chief responsibilities, leading to streamlined business performance and the vital edge over the competition. Outsourcing payroll and tax administration sets is the right way forward for businesses.