Payroll Services
Employers use payroll services to:
- Process all required payroll for their employees
- Provide all required insurances
- Keep all employees working legally and insured
Employers use Penski, Inc. for their payroll services:
- Penski, Inc. maintains "employer of record" for all assignees
- No large upfront deposit required for a workers comp policy
- Handle time consuming audits
- No headaches of quarterly/yearly tax filings, compliance issues
- Manage UI to keep claims at minimum, reducing rate paid to NYS
- No specialized software needed to process weekly payrolls
- Maintain required records for state and federal compliance
- Provide certificates of insurance for obtaining building permits, contracts
- Provide certified payrolls for all state/federal jobs
Penski Inc does all this for the employer- customer:
- Receive and process applications, I-9’s, W-4’s
- Screen, interview, test, reference check
- Issue and process letters of employment, timesheets, paychecks, w-2’s
- Manage the paperwork and administration required for their pay, benefits, tax withholdings, worker’s compensation, FICA, FUTA, and SUTA
- Process and respond to claims for Workers Compensation, Disability, and Unemployment Insurance
- Handle referrals to subsequent assignments.
Examples of Employers using Penski Inc Payroll Services
- Contractors with a few employees that don’t want the hassle of filing all the tax forms for a few employees
- Seasonal Establishments – payroll is estimated to be less than what the minimum workers compensation policy required