When running a business, numerous tasks require your undivided attention; it is important to ask yourself what is a PEO payroll service and if it’s a good fit for your business. In this guide we will explain what a PEO is, answer what is a PEO payroll service, explain how PEO payroll services work, their advantages, and more, so keep reading to become a PEO payroll service pro! 

What is a PEO

A Professional Employer Organization (PEO) provides administrative services to clients that can vary depending on the company but typically include payroll administration, workers’ compensation, employee benefits, and things of that nature. The advantage of using a PEO like Canal HR is that we focus on supplying human resources and other administrative services to your team that they view as valuable and at a lower cost, so you can rest assured that your team is happy and you have time to do the work that matters for your company success. 

PEOs are often confused with PPOs, Preferred Provider Organizations. PPOs are useful for organizations that want to provide healthcare services without restrictions to their employees, but there are higher amounts for comparable care. Check out our blog post to learn more about PPOs vs. PEOs and determine which is best for your business! 

How PEO Payroll Services Work

When outsourcing payroll processing, your chosen provider will ensure employees are in the system and receive their paychecks. Payroll processing can often be tedious, and with taxes continuously becoming more complicated, now is the perfect time to take it off your plate and let the professionals, like the team at Canal HR, handle your payroll. Our team will keep current on the latest changes to employment laws that can affect your business, ensure seamless payroll processing each payroll, and be there to support you as you offload more tasks to get time back in your day. 

Advantages of Using a PEO Payroll Service

There are numerous benefits to using a PEO payroll service that goes beyond taking paperwork off your plate. Some of the top advantages to consider when thinking about what is a PEO payroll service and if it’s good for your business include it’s cost-effective, has a significant return on investment, and makes obligations a breeze. To learn more about the advantages of outsourcing payroll processing, click here. 

Beyond payroll processing, PEOs have countless benefits, such as saving time and money, tackling employee benefits, saving time and money, as well as handling risk management. 

What to Consider When Selecting a PEO Payroll Service

Once you’ve determined that a PEO is right for your business, it’s time to find the perfect provider. Some factors to consider include cost, scalability, offered services, and more. To find the best fit for you, below are some questions you can ask providers to determine if they are the right fit for you. 

• What are the costs of patterning with your PEO? 
• What services are you able to manage for our company? 
• What are the employee benefits programs you can offer? 
• How does your team stay up-to-date on taxes and compliance? 
• How will my company’s data be protected? 

Remember, your business is unique with its own needs and goals, so your PEO plan should not be one-size-fits-all. Be sure to work with a PEO that can accommodate your needs. At Canal HR, we pride ourselves on helping your business with whatever it needs to run smoothly. Click here to contact us today and get started! 

PEO Payroll Service FAQs 

Managing payroll and tax filings can be complicated, leading to numerous questions business owners have for potential PEOs. Below are some of the top questions PEOs get asked regarding payroll processing, but what is a PEO payroll service to some that are highly specific. No matter what your question is, our team of expert payroll processing professionals can help. 

• What kind of reports do you offer? 
• Can I choose what my employees can access and see when they log into the payroll site? 
• How are W2s handled? 
• When do I have to submit and approve my payroll? 
• Does your payroll software offer job costing? 

Understanding what is a PEO payroll service and how it functions is essential to ensuring your business is operating effectively. When partnering with Canal HR, our team will ensure you understand our work without having to stress about any laws, regulations, or industry changes. 

Find Answers to ‘What is a PEO Payroll Service’ and More with Canal HR

At Canal HR, our team can handle not only your payroll processing but also your W2 filings, payroll taxes, and more. By partnering with our team, you can ensure that your wage calculations, tax withholdings, deposits, reporting, and more are handled with the utmost care and attention. 

This year, save yourself time, minimize errors, improve your security, maintain compliance, and reduce costs by working with the team at Canal HR. 

Our services also extend beyond payroll processing, so visit our site or request a free consultation to see how Canal HR can optimize your business and give you more time to handle the big things while we handle the paperwork.