When a client contracts with a PEO, like what ManagedPAY offers, the PEO provides comprehensive human resource services for the client’s worksite employees. This involves a contractual allocation and sharing of employer responsibilities between the PEO and the client, based on the client service agreement (CSA). A PEO usually remits wages and withholdings for the employees, then reports, collects and deposits employment taxes with local, state and federal authorities. The PEO often provides a comprehensive human resource and benefit package for the worksite employees. The PEO issues the W-2 forms for the compensation paid by the PEO under its FEIN, too. This allows the client company to retain responsibility for and management of business operations, marketing, sales and service – the things they do best. It’s basically a shared plan of action that is spelled out by the CSA.
When a client contracts with a PEO, like what ManagedPAY offers, the PEO provides comprehensive human resource services for the client’s worksite employees. This involves a contractual allocation and sharing of employer responsibilities between the PEO and the client, based on the client service agreement (CSA). A PEO usually remits wages and withholdings for the employees, then reports, collects and deposits employment taxes with local, state and federal authorities. The PEO often provides a comprehensive human resource and benefit package for the worksite employees. The PEO issues the W-2 forms for the compensation paid by the PEO under its FEIN, too. This allows the client company to retain responsibility for and management of business operations, marketing, sales and service – the things they do best. It’s basically a shared plan of action that is spelled out by the CSA.