WEST PALM BEACH, Fla.,
July 17, 2017 /PRNewswire/ -- Oasis
Outsourcing, the nation's largest privately held Professional
Employer Organization (PEO), is pleased to announce that one of its
subsidiaries has been recognized as a Certified Professional
Organization (CPEO) by the United States Internal Revenue Service
(IRS). In December 2014, the Small
Business Efficiency Act (SBEA) became a historic milestone for the
PEO industry by providing federal recognition of PEO services.
Under the SBEA, a CPEO must meet strict auditing and reporting
standards and assume responsibility for federal tax payments on
wages paid to worksite employees. To remain compliant, a CPEO
maintains extensive records and provides the IRS with ongoing
independent financial reporting.
"Oasis has always prided itself on ensuring we adhere to the
highest ethical, financial and operational standards, which is why
we are and continue to be SOC 1 Type II certified and accredited by
the Employer Services Association Corporation (ESAC)," said
Kelley Castell, Chief Operating
Officer. "We are pleased that the IRS has recognized our high
standards and that we can offer CPEO services to our clients."
The IRS does not endorse any particular certified professional
employer organization. For more information on certified
professional employer organizations, go to www.IRS.gov.
About Oasis Outsourcing Holdings, Inc.
Oasis Outsourcing is a Florida-based Professional Employer
Organization (PEO) serving more than 230,000 employees and 7,500
clients nationwide. Founded in 1996, it specializes in providing
human resources services, employee benefits administration, payroll
and tax administration, risk management services and staffing
solutions to small- and medium-sized businesses throughout
the United States. Oasis is
accredited by the Employer Services Assurance Corporation (ESAC),
ensuring the highest level of ethical, financial and operational
standards in the PEO industry and has received SOC 1 Type II
(formerly SAS 70) certification for its high level of accuracy and
performance. Oasis, through its subsidiaries, is qualified to offer
IRS-certified professional employer organization (CPEO)
services.
Oasis is owned by private equity firms Stone Point Capital and
Kelso with the remainder owned by
Oasis management. Offices are located in Atlanta, GA; Austin,
TX; Boca Raton, FL;
Boston, MA; Charlotte, NC; Dallas, TX; Denver,
CO; Edison, NJ;
Houston, TX; Indianapolis, IN; Jacksonville, FL; Los Angeles, CA; Manhattan, NY; Miami, FL; Minneapolis, MN; Nashville, TN; New
Haven, CT; Orlando, FL;
Phoenix, AZ; Provo, UT; San
Diego, CA; Sarasota, FL;
St. Louis MO; Tampa, FL; Tucson,
AZ; and West Palm Beach,
FL. For more information about Oasis Outsourcing, visit
www.oasisadvantage.com.
Contact:
Laura Burns
617-921-5969
lburns@boardroompr.com
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SOURCE Oasis Outsourcing