Reporting

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  • Customized reports
  • G/L (accounting) reports
  • 24/7 Online access
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Payroll Administration

The ASO (Administrative Service Outsourcing) Model outsources HR-related tasks. While employers still hold liability, ASO simply provides services. A few perks of the ASO model are finding and getting proper coverage and handling day-to-day HR duties.

iAS has unlimited reporting capabilities for your payroll. We offer over 120 standard reporting templates that can easily be accessed 24/7 through the manager portal. Additionally, we provide custom reporting capabilities for all of your needs. We also have a simple and intuitive data retriever, which can pull data and custom align it into any column you may need into an easy-to-read report. iAS can also generate General Ledger (G/L) files for accounting purposes, allowing you or an accountant to easily report payroll expenses in your business’s bookkeeping.

  • Payroll reports: keep track of all employee wage practices. In fact, these reports track the time they worked, paid wages, and all withholdings.
  • New hire reports: the process of employer’s reporting all information about new hires to a specific state agency after they have been hired.
  • Job costing reports: an analysis of the estimated and actual costs of a project as well as the expected income.
  • Management reports: consist of data and operational information from many departments to help managers make decisions.
  • Certified payroll reporting: tracks a company’s pay practices to make sure they are adhering to all laws and meeting wage requirements.

Online Reporting

Employers notify the government of employment tax and payroll liabilities through payroll reports, which summarize payroll data. For example, payroll reports include:

  • Wages paid to employees
  • Medicare tax
  • Social security tax
  • Federal income taxes withheld
  • Unemployment tax
  • Reported tips
  • Additional taxes withheld

Risk and Safety

The ASO Model provides safety program support, but not claims management. Safety programs protect workers from dangers and hazards in the workplace. As a result, there is less risk for losses, legal issues, and injuries on the job.

Human Resource Administration

HR administrations deals with interview set ups, employee contracts, and recruiting. Plus, HR administrators also manage HR workers.

Compliance

The ASO models ensure employers are in compliance with laws in multiple areas, such as

  • Health, vision, dental
  • Disability (long- and short-term)
  • 401(k), IRA, retirement plans
  • Supplemental, life, Medigap
  • Administration, payments, reconciliation
  • 125 Cafeteria, HSA, Flex Spending, HRA
  • Third party sick pay
  • COBRA and state continuation administration
  • Medical support orders
  • Custom enrollment packets
  • Plan renewal assistance
  • Additions, changes in coverage, terminations
  • Summary of Benefits Coverage (SBC)
  • Employer shared responsibility
  • Tax reporting
  • Medicare Part D
  • Medical Loss Ration (MLR)
  • W-2 Reporting
  • Exchange notices
  • Centers for Medicare & Medicaid (CMS)

401(k) Administration

During 401(k) administration, the ASO model ensures that retirement plans are in compliance with federal laws through legal documents, tests, and monitoring.

Benefit Auditing

ASO ModelBenefit auditing looks over plan management and participants as well as financial statements from a 3rd party provider. In fact, benefit audits are the only way to ensure an employee benefit plan (EBT) is accurate, credible, and in compliance with the necessary laws and regulations. But there are certain factors that make benefit audits more complex than standard audits. To be specific, such factors include:

  • State and federal laws
  • Operations plans
  • Internal Revenue Service (IRS) and Department of Labor (DOL) Regulations
  • Audit requirements
  • Special reporting

Once these factors are considered, a benefit audit usually covers these areas:

  • Benefit payments
  • Administrative expenses
  • Date, loans, and allocation of participants
  • Employee and employer contributions
  • Liabilities and obligations of the plan
  • EBP investments and income of investments

Benefit Plan Remittance

Benefit plan remittance ensures participant deferrals are remitted to the plan in a timely manner. In other words, employers send money from a plan back to participants as soon as possible.

Workers’ Compensation Claims

Filing workers’ compensation claims in a timely manner is necessary. For one, it shows the employee that they are appreciated. But if you don’t report a claim within 24 hours, it could increase potential legal actions, jeopardize the claim investigation, or raise costs.

Workers’ Compensation Audits

Workers’ Compensation audits verify an organization’s payroll. Data for employee compensations paid during a policy term are part of the payroll data and reporting. These audits use payments and benefits given to employees so that workers’ comp premiums can be confirmed.

Payroll Tax Forms

Payroll taxes fund government programs. In general, there are four different payroll taxes. They include

  • Social security
  • Medicare
  • Federal income
  • Federal unemployment

Further, there are three different tax forms that employer’s must fill out, depending on their requirements:

  • Form 940—Federal unemployment tax (annual reporting/payments)
  • Form 941—Employer’s Quarterly Federal Tax Return (federal and FICA taxes withheld)
  • Form 944—Employer’s Quarterly Federal Tax Return (qualifying employers pay/report annually)

W-2 and W-3 Processing

A W-2 is filled out by an employee. A W-3 is filled out by an employer. In general, a W-2 shows taxes withheld from an employee’s paycheck. While a W-3 is a summary of all employee W-2 forms within the company. Once the forms are filled out, they are ready to be filed.

Testimonials

“I have been with iAS for two years and I’m blown away at the level of service. It’s like having an in-house HR team. They go above and beyond to help, never make you feel silly for asking a question and are extremely warm and personable. ”

“Affordable, Fast and Reliable! Both national payroll services I used before iAS over promised and under-delivered. The iAS staff can always be counted on to deliver what they advertise. The signup/onboarding was easy and user-friendly. I’m glad I made the switch! ”

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