PrismHR Details Operational Requirements to Support Small Business Efficiency Act (SBEA) for Certified Professional Employer Organizations (CPEOs)
AUSTIN, TX – September 7, 2016 – At the NAPEO Annual Conference and Marketplace, PrismHR, the leading provider of HR software for human resource outsourcing (HRO) service providers including professional employer organizations (PEOs) and administrative service organizations (ASOs), will share guidance on key operational and technology needs to support the current format of the Small Business Efficiency Act (SBEA).
PrismHR is a key participant in the NAPEO SBEA Operations Working Group. This group focuses on SBEA operational components including bonding and audit requirements, client service agreements, potential technology requirements and best practices for PEO certification. Group membership includes Craig Babigian, Executive Vice President, PrismHR and executives from the PEO industry.
At the NAPEO conference, Craig Babigian will deliver insight on the technology and reporting implications of the current SBEA regulations as well as some of the potential solutions to the complex business challenges PEOs and ASOs face.
“SBEA is extremely exciting for the industry, and PrismHR is honored to help guide NAPEO feedback to the IRS,” said Craig Babigian, Executive Vice President, PrismHR. “While these requirements may change based on our collective feedback, we are happy to share our current guidance and insight with the PEO community.”
To learn more about NAPEO and the SBEA, including the Certified Professional Employer Organization (CPEO) program, visit the NAPEO website.
PrismHR creates exceptional software and services, empowering human resource outsourcing service providers such as Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs) to deliver world-class HR, benefits and payroll to small and medium sized businesses. PrismHR powers more than 64,000 organizations, delivering payroll, benefits and HR to over 1.8 million worksite employees and processing greater than $50 billion in payroll each year. For more information, visit www.prismhr.com.
Jonathan Wall, Vice President, Marketing
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