The Payment Services Corp. Difference

Frequently Asked Questions About
Professional Employer Organizations, Labor Law Compliance, and More

What is a Professional Employer Organization?

A Professional Employer Organization (PEO) offers services to help companies manage their human resource tasks and risks. PEOs contract with clients to handle employer responsibilities such as payroll, payroll tax and labor law compliance, unemployment insurance claims, and health benefits.

While many PEOs focus on small businesses, Payment Services Corp. specializes in assisting mid-size and large companies across the U.S. and Canada. Learn more about our company.

top

What is an Employer of Record?

To assume responsibility for tasks like payroll processing and unemployment insurance claims, a PEO acts as the Employer of Record for the client's employees. This means that the PEO assumes certain rights, risks, and responsibilities related to being the employer.

top

What are some of the risks associated with using independent contractors?

Independent contractors are an efficient, cost-effective way to get the intellectual capital you need, right when you need it. Using independent contractors can save you money on benefits, taxes, workers compensation, and more, but it can also increase your compliance risks.

There are many rules and regulations about how independent contractors must be classified. If the government determines that you have misclassified full-time employees as independent contractors, you could face large fines, penalties, and back taxes. In fact, companies like FedEx and Microsoft have found themselves in the midst of expensive benefit disputes regarding the rights of employees versus independent contractors.

The experts at Payment Services Corp. understand all the nuances of the ever-changing compliance laws and regulations. When you contract with us, you can stop worrying about your compliance risk and focus on growing your business instead.

top

How can PEO services benefit my company?

Basic administrative tasks such as payroll processing and filing employee taxes can take up large amounts of your company's time and resources. At the same time, you need to keep up with hundreds of changing labor laws and regulations to avoid costly fines and penalties. Outsourcing these tasks to the experts at a reliable PEO can save you time and money while increasing your productivity.

The benefits of using a PEO include:

  • Specialized assistance with human resources, payroll processing, and other administrative services
  • Expert guidance and support in employment and labor law compliance
  • Accurate, timely payroll
  • Improved costs
  • Reduced risk
  • More time to focus on your core competencies

top

How can Payment Services Corp. benefit my company?

Payment Services Corp. is focused on providing mid-size and large U.S. and Canadian companies with expert assistance in payroll processing, labor law compliance, human resource management, and administrative support. We also provide consulting services to help control your contract labor expenses. Our management team has over 50 years of combined experience, so you can rely on us to provide the expert results you need.

Our team will help you choose the right services to meet your company's particular needs. Just contact us today to get started.

top