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Compensation Solutions Earns its 2004 Tax & Benefits Certification Prestigious Certification is the Highest Level of Independent Audit Available FOR
IMMEDIATE RELEASE Oakland NJ
– June-2004 — Compensation Solutions, one of the tri-state area’s
leading Professional Employer Organizations (PEO) today announced that
it has recently received its Tax & Benefits Payment Certification
from the Certification Institute (CI) and is now certified with respect
to the timely payment of state
and federal payroll taxes, contributions to employee retirement plans,
and payment of health insurance premiums. The timely and appropriate payment of payroll taxes and benefits by PEOs is a critically important element of the total human resources solution delivered to PEO business clients. The Tax & Benefits Payment Certification program provides independent professional verification that a PEO is paying its tax and benefit obligations in a timely and appropriate manner. Verifying a PEO's Tax & Benefit Certification provides confidence to business owners and their trusted advisors, industry regulators, and PEO vendors and suppliers. Any PEO is eligible to apply for certification. “Being one of the first PEOs to obtain this most prestigious certification was an important goal for Compensation Solutions. We are pleased to have this independent verification of our PEO’s timely and appropriate payment of payroll taxes, insurance premiums and employee benefit contributions”, said Thomas J. Cioffe, Compensation Solutions's Chairman and CEO. The
program was developed and is managed in an objective and professional
manner by a Certification Board composed of six recently retired
distinguished state and federal regulators and three leaders from the
PEO industry. To ensure that the program effectively accomplishes its
mission, the Certification Board relies on an Industry Advisory Board
composed of PEO representatives experienced in accounting practices and
PEO operations. The Advisory Board provides technical review and
comments regarding the effectiveness and practicality of certification
requirements and procedures. About
Compensation Solutions Compensation Solutions is a
leading professional employer organization (PEO) that serves as a
full-time outsourced human resource partner for small and mid-sized
businesses throughout the Tri-State area and the United States.
Compensation Solutions’ headquarters is located in Oakland, NJ with offices in
Manhattan. By managing employee benefits, human resources, payroll and
workers' compensation administration, Compensation Solutions allows its
clients to focus on their core competencies to maintain and grow their
bottom line. For additional
information, please visit our website at www.Compensation Solutionsinc.com. About the Certification Institute The
Tax & Benefits Payment Certification Program was established with
the support of the National Association of Professional Employer
Organizations (NAPEO) and
the Employer Services Assurance Corporation (ESAC)
to enhance industry credibility in this key service area. The
independent, non-profit Certification Institute administers the program.
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