SAN ANTONIO, June 5, 2017 /PRNewswire/ -- SWBC Professional Employer Services I, LLC (SWBC PEO), a division of SWBC, is excited to announce that it was recently named one of the first-ever Certified Professional Employer Organizations (CPEO) by the U.S. Internal Revenue Service (IRS)*.
The IRS established the voluntary certification program for professional employer organizations in accordance with the Tax Increase Prevention Act of 2014. To earn the CPEO designation, organizations must meet certain tax status, background, experience, business location, financial reporting, bonding, and other requirements.
"We are thrilled to be one of the first PEOs to receive the CPEO designation," said Norman Paul, Chief Executive Officer of SWBC PEO. "This designation provides added assurance to our clients and prospects that look to us to handle their federal employment tax responsibilities and back office administrative and HR tasks."
SWBC PEO is also one of only 38 PEOs nationwide to be accredited by the Employer Services Assurance Corporation (ESAC).
"Being both an IRS designated CPEO and an ESAC accredited PEO shows our commitment to excellence in the performance of our regulatory and professional responsibilities to our clients and shared employees," said Paul.
SWBC PEO specializes in the management of administrative and human resource functions for businesses. Clients have access to services including HR assistance, payroll services, health insurance administration, workers' compensation insurance, and loss control services.
Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit SWBC's website at www.swbc.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. For more information on the ESAC accreditation program go to www.ESACORP.ORG.
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