What is Niural's PEO Service?
Niural offers both regular payroll and comprehensive PEO services. Niural’s PEO service is designed to reduce the administrative burden of employment for your company. Through this arrangement, Niural and your organization co-employ your staff, streamlining various HR and payroll functions.
Understanding Co-Employment
Co-employment is a legal arrangement where you remain the employer of your employees, but Niural becomes a co-employer. This allows us to manage certain administrative functions on your behalf.
Our service agreement outlines the responsibilities shared between your company and Niural. By co-employing your employees, Niural can handle administrative tasks and consolidate tax and insurance functions. We take on key employer responsibilities, including securing workers' compensation, administering payroll, and managing federal, state, and local payroll taxes. This enables you to focus on growing your business.
Additionally, co-employment allows us to offer seamless access to high-quality medical, dental, and vision insurance at competitive rates.
Responsibilities Overview
| Task | Niural’s Responsibility | Your Company’s Responsibility |
| Legal Compliance | Follows all Federal and State HR regulations | Complies with all business laws |
| Employment Practices | Ensures completion of all required documents | Reviews, approves and completes documents |
| HR Practices | Acts as a consultant | Implements practices in the workplace |
| Control of Business and Confidential Information | No control | Maintains control |
| Payroll | Processes payroll and handles tax obligations | Provides payroll data |
| Payroll data | No control | Provides necessary data |
| Tax Documents | Provides employees’ W-2 forms | No responsibility |
| Unemployment compensation | Administers filing and claims | No responsibility |
| Safe worksite | Shares responsibility in a safe worksite. | Supervises employees and ensures safety |
| Workers’ Compensation | Provides insurance coverage and administers claims | Ensures a safe work environment for employees. |
| EPLI and Cyber Liability Insurance (CLI) | Offers Employment practices and Cyber liability insurance | No responsibility |
| Benefit Administration (if elected) | Niural administers PEO-sponsored benefits | Ensure employees are terminated from Niural app in timely manner so they can be removed from the insurance policies or be responsibility for cost. |
| Other business taxes and fees | No control | Reports and pays non-payroll taxes |
Disclaimer
This material is provided for informational purposes only and should not be relied upon for legal or tax advice. For any legal or tax-related questions, please consult your professional legal or tax advisor.