Employee Leasing Services
With Malace & Associates Employee Leasing,
your staff transitions to Malace & Associates' payroll,
with full benefits, and continues their responsibilities under
contract with your company. This serves two purposes:
When economic times are turbulent, employee
leasing can help manage your labor costs. And, through employee
leasing, you can retain your key staff, and through our predefined
benefit packages, add a level of convenience for individual
personnel. Often a temporary arrangement, our employee leasing
option gives you the ability to focus on your core business
and take advantage of the discounts of a professional human
resource management organization for insurance and payroll
services.
While on payroll with Malace & Associates,
your staff will have access to a full range of benefits including:
- Medical, prescription, dental and vision
insurance
- Flexible spending payroll deferral
- Company-sponsored life and long-term disability
insurance
- Holiday and vacation pay
- 401 Retirement plan
Through leasing, you'll demonstrate your commitment
to your employees while enjoying continued flexibility in
managing your most important resource.. the human one.
Hosting and Payroll Services
In 1986, Congress passed Section 1706 ("Safe
Harbor Act") of the Tax Reform Act, which has made it
very difficult for companies to retain 1099 contractor if
the appropriate governing body declared that the 1099 contractor
is actually an employee. If a 1099 contractor is declared
an employee, the company that hired the contractor can be
liable for unpaid payroll taxes. In addition, certain states
with unemployment benefits and taxes have conducted 1099 audits
in an effort to declare 1099 contractors employees, thus allowing
these states to bill the companies for unpaid payroll and
unemployment taxes.
The solution lies in allowing Malace
& Associates to become the "Employer of Record"
for companies that have:
- Located their own candidates on the Internet
or from other sources
- Candidates responding to their help wanted
advertisements
- Converted 1099 independent contractors to
W-2 employees due to IRS regulations
- Brought retired workers back for a specific
project(s)
- A need to consolidate independent contractors
under one vendor while ensuring Safe Harbor compliance
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