What is the difference between a PEO and a payroll company?

A professional employer organization (PEO) provides payroll administration and compliance support, as well as additional HR services. A payroll service provider (PSP) handles your payroll administration and compliance without any shared legal burden.

What’s a PEO in payroll?

A professional employer organization (PEO) is an organization that enters into a joint-employment relationship with an employer by leasing employees to the employer, thereby allowing the PEO to share and manage many employee-related responsibilities and liabilities. Benefits administration.

What is PEO outsourcing?

What is a professional employer organization (PEO)? A PEO is an all-inclusive outsourcing option for your most time-consuming HR tasks and employer liabilities – those that are typically your sole responsibility, such as payroll and benefits.

What are payroll companies called?

professional employer organization
PEO is the abbreviation for professional employer organization. A PEO is a company that you can outsource your business’s payroll and HR tasks to. PEOs can run payroll, pay taxes, maintain workers’ compensation insurance, and provide benefits.

Is ADP a certified PEO?

ADP TotalSource is a certified professional employer organization (PEO) PEOs (professional employer organizations) help you manage your human resources, employee benefits, regulatory compliance and payroll. In fact, ADP TotalSource is an IRS-certified* PEO that meets the high standards set by the IRS.

Is Gusto a PEO?

Gusto isn’t a PEO – but we wanted to include them in this list because if you’re a small business looking at PEOs, you may want to check out Gusto as well. They have a simple to use payroll and benefits platform designed for smaller companies.

What is PEO accounting?

If you’re a small business owner looking to hire a professional employer organization (PEO) to handle your company’s payroll, you may wonder what accounting for PEO payroll entails. Payroll accounting is the collection, organization, and filing of records related to employee payment.