West Palm Beach, FL – July 3, 2017 – Oasis Outsourcing, the nation’s largest privately held Professional Employer Organization (PEO), is pleased to announce that it has been recognized as a Certified Professional Employer Organization (CPEO) by the United States Internal Revenue Service (IRS). Through its subsidiaries, Oasis is qualified to offer IRS-certified professional employer organization (CPEO) services. 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.