Of the thousands of businesses that have trusted their employee administration and compliance responsibilities to be handled by a Professional Employer Organization (PEO), many are unaware that of the 489 PEOs in the nation, only 56 (11.5%) of them are IRS-certified.
The IRS certification program requires annual renewal to ensure that a PEO is financially sound by, among other things, requiring evidence of business experience and audited financial statements and quarterly reports prepared in accordance with generally accepted accounting principles (GAAP) that reflect positive working capital. The IRS certification program formally codifies PEOs within the tax code and recognizes the key role PEOs play in helping small and mid-sized businesses grow and thrive. The program also provides added assurance to business owners who want to turn to a PEO to handle their employment tax issues and back-office administrative and HR tasks.
More than anything, businesses should be able to trust that their management of Human Resources, Payroll, Health and Benefits, and Workplace Safety are being handled by an experienced PEO operating under the highest standards, certifications, licenses, and accreditations.
In addition to IRS certification, and licenses from the many states in which we do business, Employer Advantage and its employees also maintain certifications with the American Payroll Association, Society for Human Resource Management and Occupational Safety and Health Administration for training and memberships with National Safety Council and NAPEO. We also undergo an annual SOC 1 Examination to ensure proper organizational controls are in place.
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About Employer Advantage
A New Path to HR Bliss – Trusted for more than 30 years, Employer Advantage frees you from the administrative and compliance burdens of having employees so you can focus on your business success. Versatile enough for companies of all sizes, our unique service combines comprehensive management of your employee administration and compliance with the latest software solutions, tailored to meet your individual needs and company culture. Our full-service management of Human Resources, Payroll, Health and Benefits, Workplace Safety and more, enhance your profitability while reducing the costs and risks associated with employment law compliance. We provide your employees with top-notch assistance and benefits that help you increase productivity, save time and money, and attract and retain a talented workforce. And for small and mid-sized businesses, we bring you economy of scale with access to Fortune-500-level benefits, specialty assistance, and savings that would not be possible to attain on your own. Headquartered in the Midwest and serving more than 500 companies and 10,000 worksite employees throughout the country, Employer Advantage is an IRS-Certified Professional Employer Organization (PEO) (CPEO). Experienced, certified, and trusted. www.EmployerAdvantage.com