Professional employer organizations (PEOs) like the ones in NetPEO ’s nationwide network work alongside client companies to provide excellent human resources and accounting outsourcing services. Less expensive than hiring a full-time, permanent HR and accounting staff, a PEO can help business owners save both time and money. Among the many different ways in which PEOs can serve client companies is by assisting with tax obligations and paperwork.
How PEOs Help With Taxes
Several factors make PEOs ideal for assisting clients with difficult tax issues. Among these are PEOs’ depth of experience, emphasis on reporting, and knowledge of local and federal tax laws .
PEOs Have Lengthy Experience in the Industry
Professional employer organizations often have many years of experience handling a variety of HR and accounting services, including tax paperwork. This experience is necessary because navigating complex tax regulations can be difficult and time-consuming. Without a PEO on their side, owners may become lost in the maze of legal paperwork and may be unable to focus on the important aspects that make their business thrive.
At NetPEO, our nationwide network of professional employer organizations has more than two centuries of combined experience in the industry, and we were founded by industry veterans. This puts our PEOs in the perfect position to handle all of your company’s tax issues.
PEOs Offer Reporting Services
Many business owners may be reticent to shift the important burden of taxes onto the plate of a PEO. However, this fear can be laid to rest. PEOs like those in NetPEO’s network are skilled at providing income, payroll, and tax reports for budgeting and record-keeping. We strive to provide clear and concise reporting that is easy to read and free of technical jargon, ensuring that business owners know exactly what is going on without having to pore over endless paperwork.
PEOs Understand Tax Regulations
One of the many services that PEOs provide is the understanding and execution of tax regulations. This can include everything from compiling and filing tax papers to handling withholdings like child support or wage garnishments from employee paychecks.
Partnering With a PEO Through Co-Employment
Professional Employer Organizations are able to handle sensitive data like employee income information and benefits expenses due to the co-employment arrangement . Though this relationship may sound worrisome to some business owners, it presents no increased risk to the company and simply allows the PEO to provide necessary services.
In a co-employment relationship, the business owner maintains control over the direction of their company, decides which services the PEO will provide, and has the final say in all hiring and firing decisions as usual. The only aspect of the business owner’s responsibilities that changes is that some services are delegated to the PEO.
The PEO in a co-employment relationship signs an agreement to provide specific services like tax assistance, payroll management, or employee benefits administration. For the duration of the arrangement, it is considered a co-employer of the client company’s employees. This gives it the ability to access private information like payroll and has the added benefit of increasing its employee pool, allowing the PEO to provide top-tier employee benefits packages at lower individual costs!
Due to the usefulness of this arrangement and its many benefits to client business owners, the National Association of Professional Employer Organizations estimates that 15% of all employers with between 10 and 99 employees use PEOs.
Finding the Perfect PEO For Your Needs
If you are a business owner looking for help on taxes or other HR and accounting services, you are in luck. NetPEO works as a PEO brokerage service by helping businesses choose the best PEO for their needs .
We start by making a profile of your company’s specific needs and matching it with a handful of PEOs in our nationwide network. Then, you are shown these possible candidates and can choose the one that works best for you. Of course, the work of NetPEO does not end there. We are set apart from other brokerage services in the industry by our dedication to customer satisfaction.
We check in regularly with client business owners to ensure that they are happy with the services they receive and any problems are handled immediately. This has boosted our client retention rate to 95% and our client satisfaction rate to 100% — both industry-leading statistics.
Start Getting the Help You Need Today
Whether you need help filing your taxes, handling complex and time-consuming payroll matters, providing employee benefits that will attract top talent, or dealing with any other human resources or accounting situation, NetPEO can help.
To begin searching for the best PEO to help your company, call us today at 678-376-1212 or fill out the form on our contact page . We offer a FREE initial consultation to understand your company’s needs. Though PEOs are especially useful to companies with between five and 100 employees, their services can greatly improve the efficiency of any business.
Don’t let taxes frustrate you and take you away from the important task of running your business. Let NetPEO find the professional employer organization that can make your life easier.