Erigo Employer Solutions, a leading provider of human resources outsourcing solutions located in Ft. Mitchell, Ky., has earned a key credential from the Internal Revenue Service (IRS) attesting that its financial stability and operational standards take extraordinary measures to protect its clients.
“This certification is a significant achievement for Erigo and its clients,” said Charlie Vance, Erigo Chief Executive Officer. “Erigo customers and future customers are assured by this designation that we have passed rigorous certification standards set by the IRS, are skilled hands for their payroll and HR needs, and will be held responsible by the IRS for tax payments.”
The IRS established the Certified Professional Employer Organization (CPEO) certification program in 2015 under the Small Business Efficiency Act (SBEA), and in June of 2017 announced the first group of professional employer organizations to be recognized with the prestigious CPEO status.
To earn the CPEO designation, companies must demonstrate a history of federal, state, and local tax compliance; financial and organizational integrity; and that the business is being managed by individuals who have knowledge or experience regarding federal and state employment tax compliance and business practices relating to those compliance requirements. The CPEO must also provide annual financial statements, audited by an independent Certified Public Accountant (CPA), and prepared in accordance with accepted GAAP methods. Erigo Chief Financial Officer Mark Jasper stated that “Erigo’s long-time partnership with CPA and business advisory firm VonLehman was critical in navigating the complex rules and extremely thorough standards outlined by the IRS for the CPEO certification.”
CPEO Certification affects the employment tax liabilities of both Erigo and its clients. As a CPEO, Erigo will generally be treated as the employer of any individual performing services for a client and covered by a CPEO contract between Erigo and the client, but only for wages and other compensation paid to the individual by Erigo.
The IRS does not endorse any particular certified professional employer organization. For more information on certified professional employer organizations, please visit www.IRS.gov.