WEST PALM BEACH, Fla., July 17, 2017 /PRNewswire/ -- Oasis Outsourcing, the nation's largest privately held Professional Employer Organization (PEO), is pleased to announce that one of its subsidiaries has been recognized as a Certified Professional Organization (CPEO) by the United States Internal Revenue Service (IRS). In December 2014, the Small Business Efficiency Act (SBEA) became a historic milestone for the PEO industry by providing federal recognition of PEO services. Under the SBEA, a CPEO must meet strict auditing and reporting standards and assume responsibility for federal tax payments on wages paid to worksite employees. To remain compliant, a CPEO maintains extensive records and provides the IRS with ongoing independent financial reporting.
"Oasis has always prided itself on ensuring we adhere to the highest ethical, financial and operational standards, which is why we are and continue to be SOC 1 Type II certified and accredited by the Employer Services Association Corporation (ESAC)," said Kelley Castell, Chief Operating Officer. "We are pleased that the IRS has recognized our high standards and that we can offer CPEO services to our clients."
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 Oasis Outsourcing Holdings, Inc.
Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving more than 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.
Oasis is owned by private equity firms Stone Point Capital and Kelso with the remainder owned by Oasis management. Offices are located in Atlanta, GA; Austin, TX; Boca Raton, FL; Boston, MA; Charlotte, NC; Dallas, TX; Denver, CO; Edison, NJ; Houston, TX; Indianapolis, IN; Jacksonville, FL; Los Angeles, CA; Manhattan, NY; Miami, FL; Minneapolis, MN; Nashville, TN; New Haven, CT; Orlando, FL; Phoenix, AZ; Provo, UT; San Diego, CA; Sarasota, FL; St. Louis MO; Tampa, FL; Tucson, AZ; and West Palm Beach, FL. For more information about Oasis Outsourcing, visit www.oasisadvantage.com.
SOURCE Oasis Outsourcing