Make Future With PEO Payroll Services!
When a business hires a PEO, the PEO becomes a co-employer and assumes the employer’s payroll duties and employee taxes. Instead of using the client’s tax identification number, the PEO uses its own.
As a general rule, the PEO is in charge of payroll-related tasks, such as paying wages, depositing employment taxes, and issuing W-2s to employees. Employers’ payroll departments pay part-time and full-time employees, vendors, and contractors. Despite this change, you remain responsible for managing your business’s day-to-day operations.