A professional employer organization (PEO) is when companies share the load of managing personnel responsibilities. Typically, one company will manage all the paperwork for employees, including dealing with various tax and insurance requirements, while the other company will manage all the physical worksite requirements, including day-to-day management and workplace safety. This arrangement is particularly useful for the marijuana industry, because it allows PEO services to take care of payroll taxes, thereby avoiding the 10% penalty the IRS assesses to cash-only marijuana businesses.
If you would like to learn about how PEO services can help your business, please contact Ms. Mary Staffing today.
A professional employer organization, or PEO, is a company that partners with you to split the duties of managing personnel. Your PEO is a co-employer that reduces your workload. While you take on the role of managing employee performance and work flow, Ms. Mary Staffing will essentially handle the financial and HR aspects of employee management. In other words, we’ll do all the paperwork.
As your trusted PEO in Denver, we’ll deal with payroll, benefits, taxes, insurance, unemployment, worker’s compensation, and so on. We also handle compliance concerns, including state and federal tax regulations, and become the employer of record so you can focus on managing your operations and your workforce. We offer a convenient and cost-effective means of outsourcing your payroll and HR needs.
As a hardworking business owner, you have a lot on your plate, and while you’d rather be involved in managing the day-to-day operations, you may find yourself constantly diverted by the financial and HR demands of managing personnel. As a co-employer, Ms. Mary Staffing eases your burden of responsibility by becoming the employer of record.
What does this mean for you? It means we’ll handle payroll and withholdings, issue W-2 forms for workers, and provide HR services. You never have to worry about unemployment or worker’s compensation benefits. We handle all compliance issues at the local, state, and federal level where employee payment and benefits are concerned because we are the employer of record. Without these headaches taking up your time, you can focus on more important aspects of making your business a success.
Plenty of companies, small and large, are turning to PEOs as a way to reduce their workload and cut costs, but PEO services are particularly beneficial in the cannabis industry, for several reasons. Whether you’re in cultivation, production, distribution, or all of the above, you may need to fill a variety of positions, ranging from seasonal budtenders, to highly-skilled growers and chemists, to executive level positions. You may need temporary or permanent workers, for part-time or full-time work.
This can lead to a lot of management and paperwork related to financial and HR concerns. If you’re struggling to reconcile the demands of payroll, regulatory compliance, and the business of employment, rather than the business you’re passionate about, it’s time to consider what a professional employer organization in Denver can do for you.
If you want to focus on cultivation, production, and/or distribution without having to devote significant amounts of time to processing paperwork related to your employees, then PEO services are the solution. Ms. Mary Staffing has the expertise to help you manage financial and HR concerns while you retain control over your operations and your workforce. The co-employer partnership leaves you free to focus on the daily demands of business operations without having to worry about employment-related issues.
PEO services come in a wide variety of forms. There are many potential ways that responsibility can be divided among employers. In our typical arrangement, we take on the following duties:
Whereas your company will maintain the following duties:
PEO services let each company focus their efforts in the part of employee management where they have the greatest strengths.
Working with the right PEO in Denver infers a wealth of benefits, starting with preserving your wealth. If, like many businesses in the cannabis industry, your operations are largely cash-based, you could be slapped with a 10% cash handling fee by the IRS. When you partner with Ms. Mary Staffing as the employer of record, you’ll not only avoid this fee, but we’ll manage payroll (including direct deposit or printed checks), benefits (healthcare, etc.), tax withholding, tax filing, compliance with state and federal tax requirements, unemployment insurance, worker’s compensation, and more.
In addition, we offer recruiting services at no extra costs as part of our PEO services. We save you time, money, and untold hassle, so you can focus on your business. With convenient and cost-effective PEO services, Ms. Mary Staffing not only makes your life easier, but makes your organization very attractive to prospective employees.
The benefits to your company will help you remain competitive, improve profits, and avoid pitfalls that can trip up businesses in the medical marijuana or cannabis industry.
PEO services also benefit your employees by offering:
These distinctions can set your business apart from others in the medical marijuana/cannabis industry, so that you can attract and retain some of the best talent.
If you would like to learn more about our PEO services, please contact Ms. Mary Staffing today.