For those not familiar with the PEO Industry,
NAPEO is the National Association of Professional Employer Organizations and maintains industry statistics and conventions on best practices.
The estimated 2.7 to 3.4 million employees who benefit from PEO services is a number larger than the size of the entire agriculture/forestry industry in the United States (and close to the size of the federal government, the education sector, or the information sector), based on data from the Bureau of Labor Statistics (BLS).
A PEO provides comprehensive HR solutions for small to mid-sized organizations and non-profits. Payroll, workers' compensation, benefits, HR, tax administration, and regulatory compliance assistance is the type of work with which PEOs stay busy. Engaging with a PEO establishes a co-employment relationship sharing in certain responsibilities and liabilities. Small businesses mitigate risks with PEOs and gain access to benefits otherwise unobtainable on their own. It becomes the PEO's duty to process payroll, reduce employer liability, reduce costs of worker's compensation insurance, manage unemployment claims, facilitate group medical insurance, and more business process outsourcing.
We understand what it's like to run a small business. That's why we help support business by leveraging capital so business owners can continue to grow. Whether it's a bridge loan, factoring to make payroll on time or leasing equipment to fulfill a project, focus on what you know best and let us take care of the rest. Contact us for a free consultation.
- Leverage financial resources
- Broaden your funding sources
- Improve business operations
- Bridge loans
- Factoring receivables
- Develop leasing contracts
- Help with working capital
- Time & Attendance
- State Tax Credits
- Direct Deposit
- Pay Stubs
- Quarterly & Annual Payroll Tax Filings
- Unemployment Claims Management
- Integrating Payroll Software