FAQs
Commonly Asked Questions

   

Prosperity PEO is dedicated to personalized customer service. Still have questions? Please don't hesitate to contact us. We appreciate the opportunity to speak with you personally.


 

What is a PEO? (View)

Who uses Prosperity PEO? (View)

How does an arrangement with Prosperity PEO work? (View)

Is Prosperity PEO Licensed? (View)

Why should I use Prosperity PEO? (View)

Will I lose control of my business? (View)

How does Prosperity help me control costs and grow my bottom line? (View)

How do employees benefit from an arrangement with Prosperity? (View)

Who is responsible for the employees' wages and employment taxes? (View)

Who is responsible for state unemployment taxes? (View)

Who is responsible for employment laws and regulations? (View)

Who is responsible for workers' compensation? (View)

Does Prosperity PEO supply new employees for a fee? (View)

How much do Prosperity PEO services cost? (View)

How do I get started? (View)

What day is Payday? (View)

 

What is a PEO?

A professional employer organization (PEO) is a human resource outsourcing company designed to assist small, medium and large size businesses to concentrate on their own business by taking on the headaches of payroll, workers' compensation and employment-related management tasks.

 

Who Uses Prosperity PEO?

Nearly any business can find value in a relationship with Prosperity PEO. An average Prosperity client is a business with 10 work site employees. Increasingly, larger businesses also are finding value in an arrangement with us..

Prosperity clients include many different types of businesses ranging from construction trades to accounting firms to high-tech companies and small manufacturers. Many different types of professionals, including doctors, retailers, mechanics and engineers, also benefit from Prosperity’s services.

 

     

How does an arrangement with Prosperity PEO work?

Once you contract with Prosperity PEO, we then co-employ your work site employees. In the arrangement among Prosperity, a work site employee and a client company, there exists a co-employment relationship in which both Prosperity PEO and the client company have an employment relationship with the worker. Prosperity PEO and the client company share and allocate responsibilities and liabilities. Prosperity PEO assumes much of the responsibility and liability for the business of employment, such as risk management, payroll and employee tax compliance. You retain responsibility for and manage product development and production, business operations, marketing, sales, and service. Prosperity PEO and the client share certain responsibilities for employment law compliance.

 

     

Is Prosperity PEO Licensed?

Yes. Prosperity PEO is licensed and regulated by the Florida Department of Business and Professional Regulation.

 

     

Why should I use Prosperity PEO?

Business owners want to focus their time and energy on the "business of THEIR business" and not on the "business of employment." As businesses grow, most owners do not have the necessary payroll and accounting skills, the knowledge of regulatory compliance, or the backgrounds in risk management, insurance and employee benefit programs to meet the demands of being an employer. Prosperity PEO gives you access to many benefits and employment amenities you would not have otherwise.

 

     

Will I lose control of my business?

No. You retain ownership of the company and control over its operations. As co-employers, Prosperity PEO and you will contractually share or allocate employer responsibilities and liabilities. Prosperity PEO will generally only assume responsibilities and liabilities associated with a "general" employer for purposes of administration, payroll, taxes and benefits. You will continue to have responsibility for work site safety and compliance. Prosperity PEO will be responsible for payroll and employment taxes and will maintain employee records. Because Prosperity PEO is responsible for workers' compensation, we also focus on and improve safety and compliance. In general terms, Prosperity PEO will focus on employment-related issues and you will be responsible for the actual business operations.

 

     

How does Prosperity help me control costs and grow my bottom line?

Prosperity PEO's economy of scale enables you to lower employment costs and increase your business's bottom line. You can maintain a simple in-house infrastructure or none at all by relying on Prosperity PEO. You also can reduce hiring overhead. The professionals at Prosperity PEO can provide critical assistance with employer compliance, which helps protect you against liability. In addition, Prosperity PEO provides time savings by handling routine and redundant tasks. This enables you to focus on the company's core competency and grow the bottom line.

 

     

How do employees benefit from an arrangement with Prosperity?

Employees seek financial security, quality health insurance, a safe working environment and opportunities for retirement savings. When a company works with Prosperity PEO, job security is improved as Prosperity PEO implements efficiencies to lower employment costs. Job satisfaction and productivity increase when employees are provided with professional services, safety services and improved communications. And, a co-employment relationship with Prosperity PEO provides employees with an expanded employee-benefits package, including a 401(k), life insurance, disability insurance, a flexible spending plan and more.

 

     

Who is responsible for the employees' wages and employment taxes?

Prosperity PEO assumes responsibility and liability for payment of wages and compliance with the rules and regulations governing the reporting and payment of federal and state taxes on wages paid to its employees. Prosperity PEO has long established our role as reporting income and handling withholding, FICA and FUTA.

 

     

Who is responsible for state unemployment taxes?

As the employer for employment tax and employee benefits, Prosperity PEO assumes responsibility and liability for payment of Florida state-unemployment taxes.

 

     

Who is responsible for employment laws and regulations?

As employers, both you and Prosperity PEO have compliance obligations. Prosperity PEO provides work site employees with coverage under many employment laws and regulations, including federal, state, and local discrimination laws.

 

     

Who is responsible for workers' compensation?

Prosperity PEO is the employer of work site employees for purposes of providing workers' compensation coverage.

 

     

Does Prosperity PEO supply new employees for a fee?

No. Unlike a “temp service” or “head-hunter organization”, Prosperity PEO administers payroll, workers' compensation, risk and HR services to your current employees.

 

     

How much do Prosperity PEO services cost?

Often times the cost of Prosperity PEO’s services is less than what it costs you to do the same things on your own. For a free quote, please contact us for a free consultation.

 

     

How do I get started?

When you decide to use Prosperity PEO, we have kept it very simple. After a brief qualification process, we have each employee complete a small packet, set up your payroll and we’re ready to go. The only responsibility you have is to report your hours to our office. We process your payroll and call you with one total. We then deliver your payroll and management reports to you and collect one check for the entire thing. It’s that simple!

 

     

What day is payday?

We deliver payrolls Monday through Friday, based on when you want it and what day you want it dated for. We process weekly, bi-weekly, semi-monthly and even some monthly payrolls.