Several owners have inquired about the vendor PayPros LLC appearing on our monthly warrant list. I want to explain who PayPros is and why we use their services.
Professional Employer Organization
PayPros is a professional employer organization, or PEO. A PEO is a company that provides services that enable their clients to cost-effectively outsource the management of human resources, employee benefits, payroll, workers’ compensation and other related services. A PEO does this by hiring a client company’s employees, thus becoming their employer of record for tax and insurance purposes. It then leases them back under contract to the original employer. This practice is known as co-employment, employee leasing or staff leasing. The PEO is responsible for staying current with federal, state and local employment regulations and files all payroll-related tax forms, freeing their client from the need to handle all of these functions themselves. In other words, our PEO handles human resource functions so that we, the Association, do not have to hire an employee to do this for us.
PayPros is the PEO we have used since April 2008. They were founded in 1998 and provide services to clients in Utah, Colorado, Arizona and Nevada. Using PayPros eliminates the liability from the Association of having to worry about keeping up and complying with payroll-related tax law, regulations, filings and forms. For the services they provide us, we pay a tiny fraction of what it would cost to pay an Association employee to do the same. You can learn more about PayPros by visiting their website.
Thanks to you owners who are looking at the website, attending meetings, asking questions and making suggestions. We welcome your input.
John Blickenstaff, Treasurer