Small Business, Big Ideas
(And a Few Laughs Along the Way)
Your go-to blog for tips, tricks, and the occasional dad joke about running, growing, and loving your small business. Seriously helpful. Seriously fun.
What’s your Administrative Percentage for your PEO?
Often times we find that very intelligent CFOs and CEOs are still challenged to figure out exactly what they are paying. While the Payroll and big-box PEOs show the client the administrative percentage, it’s still very difficult to decipher what you are paying because your State Unemployment Rate Assessment (SUTA, SUI), Workers’ Compensation, Health Insurance, as well as your State and Federal taxes are included in that percentage. So in order to accurately identify what you are paying you to have to mathematically back out the numbers.