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What Benefits Will a PEO Offer My Small Business?

Benefits Will a PEO Offer My Small BusinessThere are many benefits to having a PEO manage the day to day tasks for a small business. Many small businesses are owner operated, meaning the owner is on site, performing many of the tasks it takes to make the business run, so there isn’t much time left over to handle payroll and human resource functions. When you hire a PEO they take care of all of that, or only some portions of it you want. Let’s see what benefits a PEO will offer your small business.

Howard Employee Services offers:

  • Payroll Administration
  • Compliance
  • Risk Management
  • Workers Compensation
  • Employee Benefits
  • Employee Relations
  • Bookkeeping
  • Accounting
  • Tax Preparation
  • Tax Filing

Because we offer this all under one roof you no longer need to worry about paying your employees on time. We also make sure that taxes are being withheld accurately. We take care of making sure that sick, and vacation days are accounted for, for each and every employee. Outsourcing these functions are a key benefit to hiring a PEO.

Hiring a PEO takes away the hassle of having to worry about dealing with Workers Compensation claims. We handle it all for you. We identify and help to mitigate that risk before it happens. We can also handle the claims and aim for quicker resolution, with the main goal for these claims being to lessen the cost.

Employees care about benefits, often times more than their hourly wages. Many business owners don’t have the time to shop around to find the best benefits available. Having a Sarasota PEO company like Howard Employee Services to do this for you saves you both time and money, and gives you happy healthy employees.

At Howard Employee Services, our PEO services can provide you with the services you need saving you the time and expense of you doing it yourself. If you’re ready to learn how we can help you outsource your employee administration, contact us today!

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5 Signs Your Business Needs A PEO

PEOAs either a new business owner or a seasoned one, there can come a time when you realize your business needs a PEO. You started your business because you are passionate about what you do, and you want to spend time doing what you love. You don’t want to become bogged down with the paperwork of running the business. That is what PEO’s are for. Here are 5 signs your business needs a PEO.

You become surprised by incomplete employee paperwork

With a growing business, you’re hiring new employees, maybe even several at the same time. What happens if one or more doesn’t fill out the paperwork properly? That can cause big headaches down the line for both you and them.

An employee misses out on benefits enrollment

Yes, it is the responsibility of the employee to fill out their benefits package, but with the power of a PEO on your side, this is less likely to happen. And, if the employee is overwhelmed, or doesn’t understand their benefits, the PEO is there to help explain their options to them.

Holes in your paper trail

Any good business owner keeps great records. If record keeping isn’t your strong suit, you are in need of a PEO to keep things straight for you. The more your company grows, the more important this becomes.

Payroll is becoming too time consuming

There are so many aspects of payroll to consider, from taxes, to 401K deductions. How do you know they’re being reported accurately and on time?

Competing for top talent

To compete in today’s market for top talent, you need a competitive benefits package, guidance, recruitment, retirement package, training and much more.

A great PEO can give a small business the allure of a larger company. This can be a critical hiring point to potential employees. If you want to find out more about outsourcing your HR, and to find out what a PEO can do for your small business, contact Howard Employee Services today!

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Workplace Compliance

Workplace ComplianceDid you know that as an employer you’re supposed to make sure your employee fills out certain forms? One of those is a W-4. Part of being an employer is making sure your workplace is in compliance with the rules and regulations of the IRS.

IRS-Form W-4

The purpose of the W-4 is to withhold taxes from an employee’s paycheck each pay period. The amount withheld is determined by the number of withholdings the employee claims. This number takes into account the number of dependents they are supporting. The IRS also takes into account whether or not the employee is filing single or jointly as well as other supporting factors. Employers withhold taxes to help prevent employees from having a large tax bill come tax season.

Who Completes the W-4?

Employees must fill out the W-4 themselves, and employer cannot fill it out for them. If an employee needs assistance filling one out, an employer can direct the employee to the withholding calculator on the IRS’s website.

How often is a W-4 Submitted?

A W-4 is submitted each time an employee starts a new job, or when a financial situation has changed. Examples of a change in financial situation include a change in marital status, or a change in the number of dependent children. Updating a W-4 in these situations ensures that the proper amount of taxes is being withheld.

Employer Responsibility

As an employer, if an employee is having too many taxes withheld, you cannot reimburse the employee, but you can have them submit a new W-4 to have the proper amount withheld.

Locate the W-4

To download the most recent copy of the IRS Form W-4, find it here.

Howard Employee Services is a full service PEO, meaning we do this work for you. When you hire a new employee we will provide you with the necessary paperwork to be in workplace compliance with the IRS for your employees. We pass the paperwork to you; you pass it to your employee and send it back to us for filing! Let us do the work for you, contact us today to see how we can help!

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Payroll Processing and So Much More

When a new employee is hired, one of their most important concerns is that they will be paid correctly and on time, so that should be one of your most important goals as an employer. Howard Employee Services takes that worry out of your hands, as well as the other administrative tasks that that it takes to run a business. Our payroll processing team of experts are working for you to make sure that all of your employees are paid correctly, on time, each and every time.

 

 

We offer much more than just payroll processing.

  • We make payroll payments via check, direct deposit, or debit MasterCard’s
  • We keep track of vacation, holiday and sick pay
  • We manage payroll taxes and government reports
  • We process tax withholding in accordance with W4’s per both federal and state rules
  • We garnish wages for IRS levies and child support
  • We provide accurate calculations and tax treatments for the employees portion of insurance and health insurance

When it comes to taxes, we provide W2’s as well as annual printing, distribution and electronic submission to the government. We also offer tax filing and payment. We are here to do the work for you so you can do use the time to grow your business.

There are so many reasons to outsource your PEO, and payroll processing is just one. We also offer employee benefits, we can take care of your employee relations, and we even offer accounting. There’s nothing better than having both payroll and accounting in the same place, all your questions can be answered in house! We’re here to make sure you make the right decisions for your business. If you’re ready to start saving, and start spending more time on your business, give us a call at 941-922-0202 or fill out our form and let us get started today!

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What Is A PEO, Can it Help Your Small Business?

A PEO is a Professional Employer Organization. A PEO can help your small business by doing various functions such as payroll, benefits, employer related administrative functions such as 401k and health benefits. This allows the employer to focus more on the employee and the daily business needs. These are some of the things that a PEO can do for your small business.

What Is A PEO

Benefits

PEO’s can offer better benefits packages when they pool together with their partnered employees, allowing better rates for dental, health and vision. They also allow you to offer your employees better life insurance options, flexible spending accounts, and 401k plans.

 

 

Taxes

Keeping up with tax codes can be a full time job itself. When you hire a PEO, they do all the tax work for you! Not only that, but when tax season comes around they take care of that paperwork as well.

Workers Compensation

Would you know how to file a workers compensation claim? Or what to do if you had to file discrimination claim? When you have a PEO working for you, all of your employee’s concerns and injures are addressed timely and lawfully.

Recruitment and Hiring

PEO’s can even recruit new hires for your company. You can decide just how much of the responsibility you want them to take on. They can run the ad, they can run the interview, it’s all up to you.

PEO’s don’t take over the running of your business, that’s still up to you. They do take many of the responsibilities regarding the paperwork and filing of it. It is still up to the business owners to run the business and the day to day operations.

Hiring a PEO might be the best thing for your business, giving business owners more time to run their business. Now that you know more about them and what they do, if you think it’s for you, give Howard Employee Services a call at 941-922-0202

 

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Deciding on the Right PEO Company for Your Business

the Right PEO Company

When you’ve decided you need to choose a PEO for your small business, you need to know you can depend on them for your payroll and compliance needs. As well as other issues that may come up that are unpredictable. Knowing that you have these experts in your corner can be the deciding factor when it comes to deciding on the right PEO Company for your small business.

 

Here are some of the factors you should consider when determining who to partner with

Reputation

Check out their online presence. Are they a reputable company? Their online reviews could actually be a big determining factor in your decision.

Cost

Most likely if you’re trying to decide on doing this, you’re doing it because you’re spending too many nights and weekends doing this yourself, so cost is a big factor. But cheaper doesn’t always mean better, so do your homework and compare prices.

Support

Do they have the support you’re looking for? Will they be there 24/7? How can you reach them? Are they available by telephone, email, chat? Look for a company who communicates in a way that’s compatible with how you typically communicate.

Service

Not every business is the same. Maybe you need something that another small company doesn’t need. That’s when you need to narrow the field. Find a company who has services that can be tailored specifically to suit your specific needs. Business needs can vary, so services should too.

Finding the right PEO for your business is a decision that involves many different factors. Howard Employee Services is an industry-leading PEO offering anything and everything concerning employee payroll administration, as well as human resources and employee relations services. Howard Employee Services offers a number of options for that will fit in your budget.  Let us manage your business giving you the time to grow your business. Call today at 941-922-0202, sign up and Save!!

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4 Reasons to Outsource Your Human Resources

Outsource Human ResourcesYour employees are your most valuable asset, so managing them and keeping them happy, especially in today’s society should be a top priority. This makes outsourcing various human resource functions a great decision for many businesses, especially smaller ones. When you have more time to spend on your employees, and someone else to take care of your business needs, you have time to keep your employees happy, and grow your business while saving money!

Some benefits of outsourcing include:

Saving Money

Maintaining a fully functioning HR department in house is very expensive. Especially if your business is small. When HR is outsourced, costs are reduced, and HR functions can fluctuate easier with the needs of the business.

Compliance

Employment laws are changing constantly. When HR is outsourced, that is one less thing that a business owner has to worry about. The HR Company will keep you in compliance which can help to avoid costly lawsuits.

Employee Benefits

As the job force gets more competitive, employers are looking for better ways to entice more qualified employees. An all in one employer service provider can offer access to a comprehensive employee benefits package, which allows you to be more competitive in the labor market.

Efficiency

Outsourcing HR functions help to create greater efficiency within your business. Managers and employers have more time with employees, and the regular day to day operations, rather than spending much of their day doing paperwork, thus improving overall workplace effectiveness.

Why do it yourself when you can have a team of professionals standing behind you to assist you with all of your business needs? Let Howard Employee Services provide you with the relief from the burden of business administration with a wide range of employee service solutions. Give us a call at 941-922-0202, sign up today and start saving!

 

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Workers’ Compensation Rates in Florida, What You Need To Know

Workers’ CompensationBack in December 2017, the Federal Tax Cuts and Jobs Act became law, and as a result this affected workmen’s compensation insurance and decreased the corporate tax rate. The Florida Office of Insurance Regulation has approved a decrease of -1.8% in the rates Florida businesses pay for workers’ compensation insurance.  This is the second decrease in just six months. This decrease applies to both new and renewal workers’ compensation insurance policies effective in Florida as of June 1, 2018.

See these facts regarding how the changes will take place:

  • Your company’s premium is determined by multiplying your total payroll by the rate for class codes assigned to your business based on the work you do.
  • Beginning June 1st 2018, the new -1.8 rate decrease will apply to new workers’ compensation policies
  • Current workers’ compensation policy holders well keep their current rate until their policy renews on or after June 1st.

If you have any questions about these rate decreases, or how it will affect your worker’s compensation policy, please contact your local insurance agent or your workers’ compensation insurance company. For a complete statement from the OIR (Florida Office of Insurance Regulation) click here.

Give Howard Employee Services a call today at 941-922-0202 or send us an email for more information on how we can help provide your company with payroll services today!

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The Benefits of Outsourcing Employee Benefits

Outsourcing Employee BenefitsThe increasing complexity of managing employee benefits efficiently and in a cost effective manner has led today’s smart small business owner to consider outsourcing employee benefits. This is not a decision that should be made without knowing all the advantages and disadvantages that come with either managing benefits internally versus externally. Today we are going to explore the various benefits a business owner can expect from outsourcing employee benefits.

Outsourcing Employee Benefits Saves Time

Internal HR departments may be highly specialized on employee relationship management but when it comes to managing various external companies that come with benefits management they may be a little out of their leagues. This is a hundred times truer if the current benefits manager is not a dedicated person and more of an employee who wears many hats. Small businesses are especially vulnerable to creeping time costs as external companies change their prices, policies, and various segments that go with their employee benefits offering. Between medical benefits, disability, insurance, and payroll changes it is easy for a human resources department to quickly find itself threading waters to keep up with increasing demands.

Keeping up with Government Regulations

There are various governmental agencies, departments and even regulatory boards that deal with employee benefits management. Between the American with Disabilities Act directives, the Affordable Care Act regulatory requirements, and the Family Medical Leave Act mandates there are an increasing amount of regulations to stay current with when it comes to managing employee needs. Outsourcing employee benefits has the added benefit of having a dedicated team of experts whose sole job is to make sure you are in compliance with the various regulatory bodies of the government. State and federal instruments both have different requirements when it comes to employee benefits.

Reduce Financial Liabilities

Benefits administrative dedicated companies have the added advantages of dealing with benefit providers, such as various insurance companies, on a higher financial level. This leads to various discounts based on the volume and business relationship with different benefit providers. These discounts are in turn passed unto to you in the form of multiple administrative companies vying for your business. The cost savings add up with the time savings from your HR department having to handle the various segments of benefits administration.

Give Howard Employee Services a call today at 941-922-0202 or send us a quick message for more information on how we can help your company in outsourcing employee benefits!

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3 Reasons to Hire Small Business Tax Services

small business tax servicesIt’s tax season. The year is just kicking into gear and already you have to get your small business’ financials in order. Unfortunately not all small business tax services are built the same. When you own your own business there is a tendency to reduce cash outflows as much as possible to turn a profit. This inclination has landed more than one small business owner in court in front of our friends in the IRS. Mistakes made by filing your own business taxes range from being ignorant of changing tax law to purposefully skirting the law.

Save Money

Business tax services are not just limited to filling taxes. They can assist you with financial planning decisions. When business owners are busy managing day to day business operations they often let high level business decisions fall by the wayside. As a consequence they may end the year with less profit even though business income may have increased in a certain financial period. A Certified Public Account at your local business tax service can help you better plan and manage your cash-flow to ensure your business achieves its maximum business earning potential.

Reduce Legal Liability with Small Business Tax Services  

The US government understands the struggle that comes with running a small business. They endeavor year after year to either reduce your tax liability or simplify your filling process. They understand that small businesses are the backbone of not only the US economy but the labor market as well. This can get tricky when one is a layman in these important financial matters however, as it is often a time consuming process to keep up with the changing tax code. This is where small business tax services shine as it is their specialty to prepare these fillings, they have a responsibility to keep up with the current local and national tax code.

Business Tax Services Help with Audits

Besides business tax services you can use a regular accountant to do your taxes and save a few bucks on preparation. The issue with this approach is that most individual accountants are more often than not, not certified or CPAs. This could represent an issue if your business is ever faced with an IRS audit. This is a common occurrence, especially for businesses, as their tax fillings are usually highly customized and full of special considerations unlike the majority of personal tax fillings.

Give Howard & Co. business tax services a call today at 941-922-0202 or send us an email for more information on how we can help your company navigate this tax season!

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