The Atlantic hurricane season has begun, and businesses throughout Florida are faced with the prospect of preparing for possible disaster. With the aid of a professional employer organization (PEO), you can keep payroll checks flowing for your employees even in the event of an emergency.
Hurricane season began June 1. The U.S. averages one to two hurricane landfalls each season, according to www.weather.com:
There is no strong correlation between the number of storms or hurricanes and U.S. landfalls in any given season. One or more of the 12 named storms forecast to develop this season could hit the U.S., or none at all. Therefore, residents of the coastal United States should prepare each year no matter the forecast.
Shifting from in-house payroll to outsourcing might initially seem a little risky from a business standpoint, but the move can help protect you from even greater risk when disaster strikes. With the storage and administration of payroll data safety off-site, PEMCO professionals can keep the process moving forward even if your headquarters is damaged by storms.
PEMCO’s reach extends throughout Florida and into Texas. We can issue payroll checks or pay employees through direct deposit and cash pay cards. We have comprehensive business continuity protocols that enable us to manage payroll even in the event of a disaster.
On a day-to-day basis, outsourcing payroll also pays dividends in cost efficiency and reliability. Partnering with PEMCO for an online payroll system can free up time that your staff can use to grow your business. It can keep your payroll data safely backed up in the event of an emergency at your offices.
Don’t let hurricanes blow your business off course and don’t let the administration of payroll divert more of your time and resources than required. The experts at PEMCO can help disaster-proof your payroll process and take the day-to-day administration off your hands. For more information, contact us today.
Award-winning professional employer organization receives certified professional employer designation
SARASOTA, Fla. – June 20, 2017 – The Internal Revenue Service* (IRS) named Progressive Employer Management Company (PEMCO) as one of the first Professional Employer Organizations (PEOs) in the U.S. to receive a Certified Professional Employer Organization (CPEO) designation. The certification is effective January 1, 2017, and only a select group of PEOs met the requirements for this elite designation.
“The requirements to become and remain certified as a CPEO is quite demanding,” said Clinton Burgess, CEO of PEMCO. “The CPEO designation shows our commitment to abide by a higher standard in the industry and gives our clients the necessary assurance that we offer an exceptional PEO service.”
The CPEO certification is voluntary. In accordance with the Tax Increase Prevention Act of 2014, the IRS established this voluntary certification program for PEOs. To be certified under the new program, CPEOs must have a history of federal, state, and local tax compliance, financial responsibility, as well as organizational integrity, among other things.
Benefits for companies working with a CPEO include:
For CPEOs to remain compliant, the IRS requires annual verification, a continued bond (or bonds) from a qualified surety for the payment of federal employment taxes, annual audited financial statements, and quarterly assertions, attestations, and working capital statements. There are also reporting requirements as it relates to commencement and termination contracts between the CPEO and its clients, employment tax reporting, and any material changes that might affect the continuing accuracy of any agreement or information previously provided to the IRS.
PEMCO, headquartered in Sarasota, is locally and nationally recognized as one of the fastest growing companies in its industry, and has been servicing the professional, medical, contractor, hospitality, service, industrial and nonprofit sectors for more than 20 years.
For more information about PEMCO, visit http://www.progressiveemployer.com/.
* The IRS does not endorse any particular certified professional employer organization. For more information on certified professional employer organizations go to www.IRS.gov.
About Progressive Employer Management Company
Progressive Employer Management Company (PEMCO) is one of the fastest growing professional employer organizations (PEO) in the nation. PEMCO is a full-service provider of payroll administration, workers' compensation, employee benefits, and human resource management. Since 1999, PEMCO’s philosophy for becoming one of the largest PEOs in the U.S. has been to “Focus on the Customer” while allowing uncompromising integrity and relentless attention to detail to drive growth. PEMCO is headquartered in Sarasota, Florida, with additional offices in Fort Myers, Fort Lauderdale, Jacksonville, Miami, Ocala, Orlando, Pensacola, and Tampa, Florida; and Coppell, Texas. For more information, visit http://www.progressiveemployer.com or call 888.925.2990.
Congratulations! Your business is growing, and you’re looking to choose the best health insurance plan to take care of your employees. With the aid of professional employer organization (PEO), you can offer employee benefits that might normally be out of range for a business of your size.
A good medical plan sweetens the pot for your employees. Helping current staff take care of themselves and their families will aid in retaining them. It also adds another enticement in recruiting new talent. Traditionally employer health insurance consists of defined benefits offered through a group plan; however, your business will be at the mercy of the marketplace when it comes to the cost of that plan. Do you have the purchasing power to offer adequate benefits at reasonable rates?
One of the worst things you can do is give your employees a rich health insurance plan without taking a close enough look at the costs involved. Once expenses start rising, having to turn around and increase employee contributions or downgrade benefits is a quick way to find your best workers heading for the door.
If your growing business doesn’t yet have the clout to command the best rates, there is another option to leverage better benefits for less cost. Contracting with a PEO, such as PEMCO, to provide employee benefits gives you access to the group rates enjoyed by larger companies.
In addition to health insurance, the most popular benefits for employees include retirement savings plans, paid time off, and flexible and/or remote work. Many small- to medium-sized businesses may not be aware of the different types of benefit plans that are available. When you decide to offer your employees new benefits, the employee benefits professionals at Progressive Employer Management Company can help you choose the right plan that fits your business needs.