Payroll processing requires expertise and time that most business professionals cannot afford if they are to grow their companies as planned. Genesis manages payroll services with a designated Client Service Representative, or CSR, who serves as the primary client contact for all payroll matters.
By working with a dedicated CSR, clients can leave their tax worries behind.
Genesis has a system of complicated checks and balances in place to ensure that clients maintain their tax compliance. For example, Genesis employs a quarterly reconciliation process to catch any potential shortfalls or errors.
We know that compliance is critical for clients. The IRS can impose penalties of 2% of total deposits if payments are just one to five days late, or as much as 10% if the payments are more than 16 days late.
Firms that don’t know all of the rules can easily make costly errors. At Genesis, we don’t make mistakes. And in the rare event that we do, we immediately make them right.
Such precise attention to detail is what has enabled Genesis to become the only PEO headquartered in New England accredited by the Employer Services Assurance Corporation (ESAC). Similar to the assurances offered by the FDIC for the banking industry, ESAC accreditation helps Genesis achieve increased acceptance and trust by clients, regulators and the general public. In short, ESAC gives our clients added peace of mind.