PEO Means Peace of Mind
Businesses today need help to manage increasingly complex employment matters. Professional Employer Organizations (PEOs), or HR solutions, allow companies to cost-effectively outsource the management of human resources, employee benefits, payroll, and workers’ compensation. This allows your company to grow by focusing on your core competencies
A PEO assumes certain rights, responsibilities, and risks for your company. Businesses across the U.S. have discovered the value of PEOs because they provide:
- Relief from the burden of employment administration
- A wide range of personnel management solutions through a team of professionals
- Improved employment practices, compliance, and risk management to reduce liabilities
- Access to a comprehensive employee benefits package, allowing clients to be competitive in the labor market
- Assistance to improve productivity and profitability
CPEO Certification is Extra Assurance for Peace of Mind
Abel HR takes its responsibility to its clients very seriously and has gone through the rigorous process to obtain certification from the IRS and become recognized as a Certified Professional Employer Organization (CPEO). This certification means the PEO has voluntarily undergone the scrutiny of the IRS and that the federal government is endorsing the financial stability of the PEO.
It also means the CPEO is responsible for all federal, state and local payroll tax payments and filings. In addition, the CPEO is 100 percent held accountable for federal employment taxes, which protects the client. All Federal and state payroll tax filings are submitted under the CPEO’s Employer Identification numbers. The tax liability lies squarely with the CPEO and if there ever is an issue, the responsibility falls on the CPEO to work with the IRS. When a client contractually works with a CPEO, the client cannot be held liable for federal taxes and the IRS cannot seek relief from the client for taxes owed.
As an industry-leading best practice, Abel HR also has its financial statements along with all state and federal tax liability jurisdictions audited on a monthly basis by independent auditors for an added level of assurance that all payroll taxed taxes were paid and paid timely.