Running your own business can be difficult and rewarding. The majority of successful businesses grow with the addition of employees. Many businesses can suffer from the side effects directly attributable to employees. Side effects (like headaches, nausea, itchy rashes) are typically in small print for a reason. Employees can be a needy bunch, with wanting paychecks and insurance benefits, and somebody has to handle all that!
A Professional Employer Organization (PEO) is a company organized to perform the on-going functions of payroll, payroll tax administration and deposit of taxes out of its own accounts. This function differs from other payroll providers in that the employment relationship with the employee now becomes a shared role that is intended to be long term and not temporary. In other words, the PEO co-employs the employees you hired who work in your business, under your direction. The same ones you have now.