INDIANAPOLIS--(BUSINESS WIRE)--WorkSmart Systems, an Indianapolis-based Professional Employer Organization (PEO), announced today it has attained official designation as an IRS certified professional employer organization (CPEO).
According to the IRS public list of CPEOs, approximately six percent of PEOs nationwide qualify as a CPEO. By undergoing this voluntary certification, WorkSmart Systems is on a very short list of IRS certified professional employer organizations operating in the state of Indiana, helping to ensure its clients' federal eligibility and specified tax credits.
“Over the past year, we have dedicated ourselves to amplifying WorkSmart Systems impact as a PEO throughout the state by expanding into the Fort Wayne area and growing our team,” said Matt Thomas, President of WorkSmart Systems. “We’re proud to represent Indiana as a CPEO in the state and continue to deliver a high-quality level of service to our small and medium-sized business clients.”
In 2014, the United States enacted the Small Business Efficiency Act (SBEA), which designed the voluntary IRS certification for professional employer organizations. SBEA built a regulatory framework for PEOs wishing to attain certification, requiring annual registration fees, an annual audit of financial statements from an independent CPA and reporting of payroll taxes on payment to worksite employees. Small businesses gain substantial benefits from partnering with a CPEO, including an easier and safer avenue to use their PEO to meet employment tax requirements.
WorkSmart System’s certification took effect on January 1, 2019.
For more information on WorkSmart and its services, visit www.WorkSmartPEO.com.
About WorkSmart Systems
WorkSmart Systems Inc. is an Indianapolis-based Professional Employer Organization (PEO) founded in 1998. As a leading PEO, WorkSmart serves over 250 client companies with employees in 42 states. WorkSmart is also an active member of the National Association of Professional Employer Organizations (NAPEO). Our goal is to provide small to medium-size employers with an integrated Human Resources solution which allows them to take better care of their employees, stabilize employee-related costs, and focus on their core business. With the most comprehensive suite of PEO services available in the market and a focus on providing excellent client service, we strive to assist and protect each of our clients.