Corporate Payroll Processing Services

Payroll processing is a time and resource consuming endeavor that could sap the energy out of company bosses and employees, leaving them with absolutely nothing to give for the revenue generating tasks of their business. Corporate payroll processing services are offered by PEOs to handle the payroll and tax administration responsibilities of a business.

A PEO is a professional employer organization with experienced business and legal professionals in the HR management field who know how to handle payroll and carry out the other HR responsibilities efficiently and in a cost-effective manner. The legal side of affairs such as complying with state and federal regulation is also taken care of by a PEO.

Partnership with a PEO opens the door to a new vista of opportunities such as competitive workers’ compensation insurance plans and comprehensive benefits packages, something businesses wouldn’t want to miss out on, especially when they wish to attract fresh talent and retain the efficient employees. The corporate payroll processing services offered by PEOs include:

• Payroll delivery
• Payroll taxes and filing
• Customized payroll reports
• Updated files of employees
• Audits
• Federal and State payroll tax deposits and returns
• FICA, FIT & SIT tax withholdings
• Production and delivery of W-2s
• 941 and 940 reporting
• Garnishments
• New hire reporting
• Federal payroll summaries

Corporate payroll processing services are one of the comprehensive HR management responsibilities fulfilled by PEOs for their client company. To keep your business on the right track, the PEO will let you focus on revenue generation and increasing productivity, while all employee-related matters are taken care of.

Employee Benefit Management Services

Employee benefit management services are part of the comprehensive PEO package that covers all aspects of HR management.

Attracting skilled and experienced professionals to an organization and retaining them are what employee benefit management services are all about. The greater the benefits package of a company, the more buying power the company has in the job market. But not all companies would be able to offer attractive benefits on their own. Larger companies and businesses undoubtedly have an edge over small businesses as they’re able to offer better and more comprehensive benefit packages.

The ideal means by which small and medium-sized businesses can exert their influence on qualified professionals looking for their dream job is to tie up with a PEO (Professional Employer Organization). A PEO gives a company access to a wide range of employee benefit plans, in many cases the best available in the market. These benefits are what would attract the workforce that could make the difference at the workplace. With the expert assistance of a PEO, the benefits are administered efficiently with employers not having to worry about the costs and compliance issues, focusing instead on their business operations.

Employee benefit management services of PEOs generally include:

• Employee health benefits & insurance plans


• Retirement benefits and planning


• Dental and vision care


• Long term and short term disability insurance


• Cancer, accident, hospital and other plans


• Education saving plans


• Adoption assistance


• Cafeteria plan


• Flexible spending accounts


• Individual coverage


• Employee voluntary benefits programs


• Prescription drug plans

Employee benefit management services are part of the comprehensive PEO package that covers all aspects of HR management.

HUMAN RESOURCE MANAGEMENT COMPANY

Kruse PEO is a human resource management company offering comprehensive HR management services to businesses. Human resources outsourcing is a widely accepted concept among large and small businesses in Europe and North America. Whether you’re running an already established business or a new and emerging one, HR outsourcing to Kruse PEO will bring about positive results, namely consistent growth and a strong presence in the market.

in reference to: Human Resource Management Company, USA Human Resources Management Company (view on Google Sidewiki)

Benefits of Using a PEO for Payroll Administration

Administering payroll requires commitment as it involves more than merely handing paychecks to employees on time. It deals with maintaining accurate records, paying payroll taxes, and includes other factors. Businesses need to devote a substantial amount of their resources, manpower and time for payroll administration and the other responsibilities of HR management. For companies to focus on their business, they need to outsource their payroll administration and HR management to a PEO (Professional Employer Organization) or an employee leasing company.

The benefits of using a PEO for payroll administration are saving time, costs and paying taxes accurately without incurring penalties. Client companies can particularly save time in tasks such as payroll processing, paycheck distribution, paying employment taxes, W-2 and 1099 distribution and employee payroll inquiries.

PEOs also help client companies save costs in payroll processing. A company would typically have to set apart resources and some of its workforce for payroll processing. The larger the business, the greater the resources diverted for the purpose, which could instead be allotted for core business activities. A PEO would handle all aspects of payroll processing, leaving all resources of the client company to be devoted for the operational side of the business. The professional employer organization also calculates payroll taxes accurately, keeping tabs on changes in the federal or state regulation, helping companies save on penalties.

To conclude, the benefits of using a PEO for payroll administration are evident. If a business needs to grow, it needs to cut unnecessary costs. PEOs help do just that.