Frequently Asked Questions

Any business can find value in an ASO relationship. An average client of HR Wise is a business with 17 worksite employees. ASO clients include many different types of businesses ranging from accounting firms to high-tech companies and small manufacturers. Many different types of professionals, including doctors, retailers, mechanics, engineers and plumbers, also benefit from ASO services.

An Administrative Services Organization (ASO) administers payroll, insurance, and benefits packages, provides human resources consulting and management, and HR guidance to employers. A company utilizing the services of an ASO like HR Wise continues to utilize its own tax ID number and its own Workers' Compensation policy.

Administrative Services Organizations act as subcontractors: assisting employers with human resource responsibilities without requiring a co-employer relationship and allowing employers to maintain a sole relationship with their employees and control of benefits offerings, workers’ compensation claims and unemployment claims.

Payroll is service and/or software that processes payroll for a company. When you process payroll with HR Wise, we’ll compute your employees’ gross pay, withholdings, and net pay; create paychecks and manage direct deposit; prepare payroll reports; and prepare payroll tax returns.

Payroll taxes are imposed on employers or employees by the federal government, and are usually a percentage of the salaries paid to staff. HR Wise will calculate and file your payroll taxes for you, respond to inquiries from the IRS, and pay the fine if an error ever occurs on our watch.

Payroll services are the alternative to processing payroll in-house. These services are performed by a payroll provider and include running payroll, handling payroll taxes, filing tax reports, and more. HR Wise provides easy-to-use technology and expert support to handle payroll for you.

Payroll providers like HR Wise will automatically run your payroll, handle payroll taxes, file tax reports, and deduct money for retirement accounts online using state-of-the-art web-based software.

Direct deposit automatically deposits funds electronically into an employee’s bank account. Direct deposit with HR Wise is more convenient and faster to process than signing and mailing paper checks.

Most payroll programs these days are automated, meaning that you can run payroll faster than ever before, especially if the web interface is easy to use. Payroll with HR Wise only takes a few minutes to complete.

The beginning of the year is the best time—you won't have to go through the hassle of collecting your year-to-date and quarter-to-date information from your current provider before you transition. HR Wise’s payroll experts will help you make the switch any time (and make it easy!).

At times, it probably feels like a full-time job making sure you’re compliant with the Affordable Care Act and other rules as they relate to staffing and overtime. HR Wise’s easy-to-use technology and expert support will keep you compliant with local, state, and federal regulations.

A benefit employers provide their employees in which they bundle vacation, personal, and other types of leave into a single bank that employees can use for any purpose. Instead of having separate policies for vacation, sick, and other types of leave, many employers offer a single PTO policy under which employees can use accrued time off for any purpose. For example, an employer may offer 14 days of PTO per year that employees can use for any reason. Under this policy, one employee could use 10 days for a vacation, another three days when he or she gets the flu later in the year, and the remaining time off to care for his or her child, whose school was closed due to a snowstorm. Other employees could use the time differently.

Group health insurance is an employee benefit provided by an employer that offers medical coverage to employees and sometimes their spouses, partners and/or legal dependents.

If you have a business that employs two or more people, you're eligible to purchase group health insurance for your business. By pooling employees together, premiums for group health insurance plans can be less expensive than buying individual plans for your employees. In addition, employer-paid premiums are generally tax deductible. Your employees' contributions to their premiums can be paid with pre-tax dollars, which lowers your employees' taxable income as well as your payroll taxes.

On the other hand, individual plan premiums are determined by individual risk (may result in a higher cost), and individuals must reach 7.5% of their adjusted gross income in medical expenses in order to deduct any excess from their taxes.

Health insurance companies use one of three methods to calculate your group health insurance premium: medical underwriting, adjusted or modified community rating, or rating bands. The method used depends on the rules in your state.

According to ACA, waiting time cannot exceed 90 days, and some states have adopted a 60 day maximum waiting period.

A carrier cannot deny coverage on the grounds of a pre-existing medical condition, depending on circumstances.

Health insurance helps protect the personal health of the business owner and your employees, as well as the financial health of the business. With coverage for routine health care, employees are better able to stay healthy, while catastrophic coverage insurance relieves some of the financial fears of getting sick. Today, health insurance can also be a top benefit factor in attracting and retaining talented workers.