When is a worker an employee? The IRS and state tax authorities are targeting the workforce that is incorrectly being classified as “1099 contractors” when in fact they are employees. Why Are They Cracking Down? The loss to tax authorities by treating legitimate employees as 1099 contractors is substantial. The employer is avoiding withholdings for […]
Author Archive for PEO Pros
Why is pay as you go workers’ comp insurance the right choice for so many businesses these days? What is Pay as you Go? In this video clip, CEO John Will Tenney was interviewed by a local real estate office and answers a few questions about Pay as you Go Payroll and Taxes, as well […]
Our property and casualty agency has been creating strategic alliances with other large agencies to supply even more markets for business insurance, both to the traditional business owner and PEOs. Agencies we work with include: Stonehenge Insurance Services – PEO workers’ comp Hourglass PC – PEO workers’ comp Cypress Risk Management – large workers’ comp […]
We are a provider of master policies to PEOs, Payroll and Staffing Companies for Workers’ Compensation Insurance. Convenient Links for PEO Owners: Our Agency Alliances Latest PEO Insurance updates (master policies) There are several viable options for PEO owners in today’s comp market, including: Guaranteed Cost programs High deductible programs Captive Loss Funds Offshore Loss […]
New York is a very interesting state for PEO services. The state owns and operates a competitive workers’ comp state fund which makes it difficult sometimes to compete in the PEO environment. PEOs using a traditional carrier will pay a 19.4% “state fund assessment” to replenish the state fund, which was depleted by a corrupt […]
PEO and staffing company owners are realizing that having an agent represent them for their master worker’s comp policies (and others) can lead to greater profitability and significant increase to their bottom line.
Why is it important to have a “rated carrier” for your workers’ comp coverage? When does it make a difference? Common questions and answers How does a carrier get rated anyway? In most cases it is done by evaluation by an independent company. In almost all cases in the United States today this company is […]
Why would a business owner use a PEO to provide solutions to employer headaches with traditional payroll and insurance methods? “PEO” stands for Professional Employer Organization. In almost all states this is a licensed and regulated corporation which practices in the field of employee leasing or co-employment. In an employee leasing scenario, the PEO becomes […]
Can a PEO help solve problems related to bad employees? Can things go wrong for an employer? Of course. What can an employer do to ease the pain When Things Go Wrong? Proper preparation can prevent problems. Having a professional partner can help solve problems.