Corporate Payroll Processing Services

Online, April 17, 2010 (Newswire.com) - Payroll processing is a time and resource consuming endeavor that could sap the energy out of company bosses and employees, leaving them with absolutely nothing to give for the revenue generating tasks of their business. Corporate payroll processing services are offered by PEOs to handle the payroll and tax administration responsibilities of a business.

A PEO is a professional employer organization with experienced business and legal professionals in the HR management field who know how to handle payroll and carry out the other HR responsibilities efficiently and in a cost-effective manner. The legal side of affairs such as complying with state and federal regulation is also taken care of by a PEO.

Partnership with a PEO opens the door to a new vista of opportunities such as competitive workers' compensation insurance plans and comprehensive benefits packages, something businesses wouldn't want to miss out on, especially when they wish to attract fresh talent and retain the efficient employees. The corporate payroll processing services offered by PEOs include:
• Payroll delivery
• Payroll taxes and filing
• Customized payroll reports
• Updated files of employees
• Audits
• Federal and State payroll tax deposits and returns
• FICA, FIT & SIT tax withholdings
• Production and delivery of W-2s
• 941 and 940 reporting
• Garnishments
• New hire reporting
• Federal payroll summaries
Corporate payroll processing services are one of the comprehensive HR management responsibilities fulfilled by PEOs for their client company. To keep your business on the right track, the PEO will let you focus on revenue generation and increasing productivity, while all employee-related matters are taken care of.