PEMCO DESIGNATED AS ONE OF THE FIRST CERTIFIED PROFESSIONAL EMPLOYER ORGANIZATIONS (CPEOS) IN THE US

The Internal Revenue Service* (IRS) named Progressive Employer Management Company (PEMCO) as one of the first Professional Employer Organizations (PEOs) in the U.S. to receive a Certified Professional Employer Organization (CPEO) designation. The certification is effective January 1, 2017, and only ..


SARASOTA, Fla., June 20, 2017 /PRNewswire/ -- The Internal Revenue Service* (IRS) named Progressive Employer Management Company (PEMCO) as one of the first Professional Employer Organizations (PEOs) in the U.S. to receive a Certified Professional Employer Organization (CPEO) designation. The certification is effective January 1, 2017, and only a select group of PEOs met the requirements for this elite designation.

"The requirements to become and remain certified as a CPEO is quite demanding," said Clinton Burgess, CEO of PEMCO. "The CPEO designation shows our commitment to abide by a higher standard in the industry and gives our clients the necessary assurance that we offer an exceptional PEO service."

The CPEO certification is voluntary. In accordance with the Tax Increase Prevention Act of 2014, the IRS established this voluntary certification program for PEOs. To be certified under the new program, CPEOs must have a history of federal, state, and local tax compliance, financial responsibility, as well as organizational integrity, among other things.

Benefits for companies working with a CPEO include: For CPEOs to remain compliant, the IRS requires annual verification, a continued bond (or bonds) from a qualified surety for the payment of federal employment taxes, annual audited financial statements, and quarterly assertions, attestations, and working capital statements. There are also reporting requirements as it relates to commencement and termination contracts between the CPEO and its clients, employment tax reporting, and any material changes that might affect the continuing accuracy of any agreement or information previously provided to the IRS.

PEMCO, headquartered in Sarasota, is locally and nationally recognized as one of the fastest growing companies in its industry, and has been servicing the professional, medical, contractor, hospitality, service, industrial and nonprofit sectors for more than 20 years.

For more information about PEMCO, visit http://www.progressiveemployer.com/.

* The IRS does not endorse any particular certified professional employer organization. For more information on certified professional employer organizations go to www.IRS.gov.

About Progressive Employer Management Company

Progressive Employer Management Company (PEMCO) is one of the fastest growing professional employer organizations (PEO) in the nation. PEMCO is a full-service provider of payroll administration, workers' compensation, employee benefits, and human resource management. Since 1999, PEMCO's philosophy for becoming one of the largest PEOs in the U.S. has been to "Focus on the Customer" while allowing uncompromising integrity and relentless attention to detail to drive growth. PEMCO is headquartered in Sarasota, Florida, with additional offices in Fort Myers, Fort Lauderdale, Jacksonville, Miami, Ocala, Orlando, Pensacola, and Tampa, Florida; and Coppell, Texas. For more information, visit http://www.progressiveemployer.com or call 888.925.2990.

MEDIA CONTACT:

Heather Ripley

Ripley PR

865-977-1973

hripley@ripleypr.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/pemco-designated-as-one-of-the-first-certified-professional-employer-organizations-cpeos-in-the-us-300477115.html

SOURCE Progressive Employer Management Company (PEMCO)

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Progressive:
Company: A company is an association or collection of individuals, people or "warm-bodies" or else contrived "legal persons" . Company members share a common purpose and unite in order to focus their various talents and organize their collectively available skills or resources to achieve specific, declared g
Management: Management in all business and organizational activities is the act of coordinating the efforts of people to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an or
Organization: An organization is a social entity that has a collective goal and is linked to an external environment. The word is derived from the Greek word organon, itself derived from the better-known word ergon which means "organ" a compartment for a particular task.
Professional: A professional is someone who has completed formal education and training in one or more profession. The term also describes the standards of education and training that prepare members of the profession with the particular knowledge and skills necessary to perform the role of that profession. In ad
January: January is the first month of the year in the Julian and Gregorian calendars and one of seven months with the length of 31 days. The first day of the month is known as New Year's Day. It is, on average, the coldest month of the year within most of the Northern Hemisphere and the warmest month of t
Revenue: In business, revenue or turnover is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, revenue is referred to as turnover. Some companies receive revenue from interest, royalties, or other fees. Revenue may
Organizations: An organization is a social entity that has a collective goal and is linked to an external environment. The word is derived from the Greek word organon, itself derived from the better-known word ergon which means "organ" a compartment for a particular task.
Employer: Employment is a relationship between two parties, usually based on a contract, one being the employer and the other being the employee.