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| Are PEOs recognized as employers? The Internal Revenue Service acknowledges that a PEO may be the employer for federal income and unemployment taxes. Seventeen states provide some form of licensing, registration, or regulation for PEOs. Moreover, many states statutorily recognize PEOs as the employer or co-employer of worksite employees for purposes of workers compensation and state unemployment insurance taxes. |
| What is a PEO agreement? A PEO arrangement involves all or a significant number of the client workplace employees in a long-term, non-project related, employment relationship. The PEO assumes the employer responsibility for employment tax, benefit plans, and other human resource purposes. Through the use of a PEO, relationship, client companies make a long term investment in their workers, because the PEO provides health insurance, retirement savings plans, and other critical employee benefits for their worksite employees. |
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