To become and remain certified under the IRS Certified Professional Employer Organization program, PEOs were required to meet tax status, background, experience, financial reporting, bonding and other requirements described in the statute and regulations.
“As an organization that prides itself on having been a leader within the PEO and HR outsourcing industry for more than 20 years, it was important for us to be part of this first class of CPEOs,” said Tony Grijalva, chairman and CEO, G&A Partners. “We have always been committed to holding ourselves accountable to a standard of incomparable professionalism and providing our clients with the best-in-class HR solutions. Achieving this designation from the IRS allows us to demonstrate our commitment to our clients and the greater business community.”
The program is the result of provisions of the Small Business Efficiency Act (SBEA), which was signed into law in 2014. In addition to establishing a PEO certification process within the IRS, the SBEA gave certified PEOs the clear statutory authority to collect and remit federal employment taxes on behalf of their clients under the PEO’s Employer Identification Number, and eliminates the wage base restart provision, which can result in double taxation for businesses who initiate or terminate a relationship with a PEO during the year.
“The IRS Certified Professional Employer Organization program represents a step forward for the PEO industry, both for the PEOs themselves and our clients,” said Grijalva. “Now that the potential issue of double taxation has been removed, we hope that many more businesses will see the value a PEO can provide, including minimized costs, greater operating efficiencies and peace of mind when it comes to regulatory compliance issues.”
In addition to its recent certification by the IRS, G&A Partners has also been certified by the Employer Services Assurance Corporation (ESAC), an independent, non-profit accreditation and financial assurance entity, since 2014. ESAC accreditation provides PEO clients, their employees, taxing authorities and insurers with financial assurance to cover important PEO employer fiduciary responsibilities.
G&A Partners, one of the nation’s leading professional employer organizations (PEO), has been helping entrepreneurs grow their businesses, take better care of their employees and enjoy a higher quality of life for more than 20 years. By providing proven solutions and technology in the areas of HR compliance, employee benefits, payroll administration and workplace safety, G&A alleviates the burden of tedious administrative tasks and allows business owners to focus their time, talent and energy on growing their company. Headquartered in Houston, G&A has offices throughout Texas, as well as in Arizona, Minnesota, Utah and Latin America.
Release date: June 7, 2017
Contact: Julia Vollmer
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