Why are PEOs Advantageous for Small Businesses
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Small businesses are expected to understand and comply with complex payroll procedures and tax codes. A third of these small businesses get fined for incorrect procedures. Other requirements include worker’s compensation insurance, reporting wages and employment taxes accurately, paying state unemployment taxes. Moreover, medical and retirement benefits must also be administered and reported correctly. These regulations quickly mount and often prevent a small business owner from concentrating on growing their own business.
Justworks’ white paper, Why are PEOs Advantageous for Small Businesses, explores:
- Help small businesses understand what a PEO does and how it can help them stay compliant with government regulations and cut costs.
- Simplifies a complex business model.
- Equips prospects with common best practices to follow when evaluating PEO service providers