DALLAS, July 13, 2017 /PRNewswire/ -- Staff One HR, a Dallas-based HR managed services company with an ESAC-accredited PEO service offering, is among the first to earn Certified Professional Employer Organization (CPEO) status from the U.S. Internal Revenue Service (IRS).
The CPEO program originated through the Small Business Efficiency Act (SBEA) as a voluntary IRS certification program for PEOs. CPEO certification assures clients of the financial wellbeing of the PEO, as well as providing tax advantages and more protection for business owners. Previously, PEO clients risked double taxation when joining or leaving a PEO relationship midyear. Under the SBEA, a CPEO is treated as a "successor employer" for purposes of Social Security/Medicare and federal unemployment taxes, eliminating the need to restart FICA and FUTA wage bases.
"Achieving CPEO certification is one more thing that sets us apart," said Staff One HR CEO Mark Sinatra. "Staff One HR is one of the few PEOs in the country that hold both the ESAC accreditation and CPEO certification. We are committed to maintaining only the highest operational standards, for the benefit of our clients, our team members, and our stakeholders."
In addition to the newly achieved CPEO designation, Staff One HR has held accreditation from the Employer Services Assurance Corporation, (ESAC) since 1999. Both ESAC and CPEO programs are voluntary, and participating PEOs must meet stringent requirements regarding tax status, experience, background, financial reporting, bonding, and more, in order to achieve and maintain certification.
"Our clients can rest assured that we are doing the right things the right way," explained Sinatra. "Not only do we require individual certifications from our client-facing team members, but we as an organization hold ourselves to the highest standards in the industry."
About Staff One HR
Staff One HR is an HR managed services company providing PEO, ASO and recruiting services. Based in Dallas with clients in 44 states, Staff One HR earned a spot on the 2015 and 2016 Inc. 5000 and has been in business since 1988. Staff One HR provides HR consulting and compliance, employee benefits, workers' compensation/safety, and payroll/tax administration for clients across the country. Staff One HR has earned the Employer Services Assurance Corporation (ESAC) and Certification Institute accreditation, the highest level of accreditation in the PEO industry. For more information, visit www.staffone.com.
SOURCE Staff One HR
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