FAQ

Worker’s Compensation is an insurance policy designed to protect employers and employees from financial loss due to workplace accidents, deaths, or other incidents from a work-related cause. It helps them offset some or all the costs of treatment, lawsuits, and other damages.

Employers pay for Worker’s Compensation benefits to provide the necessary coverage per their state’s laws, business size, workplace environment, hazards, number of employees, and other relevant factors.

Nearly every US state requires businesses to carry Worker’s Compensation insurance, except sole proprietors, self-employed professionals, and independent contractors.

App-based Worker’s Compensation management offers a host of benefits to employers, from improved visibility related to HR processes, real-time reporting, and automated claim processing, to name a few.

A Worker’s Compensation app also improves HR compliance by digitalizing and centralizing all relevant information and processes.

A payroll service is a third-party company offering experts, tools, and/or software solutions that assist with payroll processing and simplify essential functions, such as employee tracking, worker’s compensation, tax management, financial reporting, and information storage/access.

Payroll software solutions suit startups and small businesses looking to digitalize their HR operations.

They store employee information and offer different features that simplify operations, such as automatic calculations, deductions, and payments.

Meanwhile, payroll services are more expensive as they involve hiring third-party experts to take over the payroll management function.

A typical payroll software solution enables users to calculate and deposit employee wages after tax and other deductions. Modern solutions like GOATPayroll offer several other features, such as third-party integrations, HR compliance, workers’ comp claim management, etc.

A PEO (Professional Employer Organization) company is a business that provides comprehensive HR services to other companies, typically small to medium-sized businesses.

When a company partners with a PEO, the PEO becomes the employer of record for the client’s employees, handling HR functions such as payroll, benefits administration, compliance, and risk management.

The client company retains control over day-to-day operations and business decisions, while the PEO manages the administrative and legal aspects of employment.

Essentially, a PEO allows companies to outsource their HR functions, which can save time, money, and resources, and allow businesses to focus on their core operations of record for the client’s employees, handling HR functions such as payroll, benefits administration, compliance, and risk management.

The client company retains control over day-to-day operations and business decisions, while the PEO manages the administrative and legal aspects of employment.

Essentially, a PEO allows companies to outsource their HR functions, which can save time, money, and resources, and allow businesses to focus on their core operations.

As a PEO company, we take responsibility for managing compliance and legal issues
related to employment, including staying up to date with labor laws and regulations at the federal, state, and local levels.

We provide guidance to our clients on issues such as wage and hour laws, discrimination and harassment prevention, workplace safety, and employee classification.

We also handle filings, notifications, and reporting requirements related to employment, such as tax filings and workers’ compensation claims.

Our team of experts stays informed on changes to employment laws and regulations to ensure our clients remain in compliance.

If any legal issues arise, we work with our clients to address and resolve them as efficiently and effectively as possible.

At our PEO company, we take the security and confidentiality of our clients’ sensitive employee data very seriously.

We have strict data security protocols and policies in place to ensure that data is stored, processed, and transmitted securely.

This includes utilizing secure technology systems and platforms, implementing data encryption, and restricting access to data on a need-to-know basis.

We also require our employees to undergo regular training on data privacy and security practices to ensure that they are aware of and adhere to our policies.

Additionally, we have procedures in place for responding to data breaches or incidents to minimize any potential impact.

We understand the importance of maintaining confidentiality and security, and we are committed to safeguarding our clients’ sensitive information.

Payroll is the process of calculating employee pay and making any tax or benefit deductions before processing their payments.

An automated payroll system has several benefits, including increased accuracy, efficiency, and cost-effectiveness.

With PeoPayGo’s automated payroll system, businesses can avoid errors and delays that come with manual processing.

Our system automates tax calculations, filings, and other payroll-related tasks, saving time and money for our clients.

Additionally, our platform provides real-time access to payroll data and reports, enabling businesses to make informed decisions and stay in compliance with all applicable laws and regulations.

Overall, an automated payroll system simplifies payroll processing and streamlines operations for businesses of all sizes.

Payroll is one of the most important aspects of HR operations. It affects employees’ financial stability as they rely on their paychecks to fund different expenses.

Payroll deductions are withheld wages from total employee earnings used to pay for taxes, insurance premiums, and other benefits.

The taxes that need to be paid with every payroll run to maintain compliance with state regulations vary depending on the state.

However, common taxes that businesses must pay with each payroll run include federal income tax, Social Security tax, and Medicare tax.

Additionally, some states require businesses to pay state income tax and unemployment tax.

It is essential to stay up to date with your state’s tax laws and regulations to ensure that you are compliant and avoid penalties.

At PeoPayGo, we help our clients manage payroll taxes and stay in compliance with all applicable laws and regulations.

To file a worker’s compensation claim, you’ll need to gather information, such as injury or illness sustained by the victim, absent days, medical costs, etc.

You’ll also need to provide your company’s information, including account number, location, policy number, and more.

With a worker’s compensation app, you can proactively add all mandatory info and store it whenever needed.