Payroll Transfer Program

 

Incorporating the PTP service into your hiring procedures, is the ideal option when it's inconvenient, impossible, or too costly to directly hire an employee. After factoring all  the benefits of utilizing this program, your company too, will join the growing list of satisfied customers.
 

• There are no set up fees, no conversion charges, no time limits, no minimum pay rates, no hidden costs.  PTP’s are billed weekly and  by the hour, only for the time they work.
   

• We pay the taxes. We file the forms. We cut the checks. We mail the W-2 Forms.  We report the earnings. We maintain the records. We pay the workers compensation. We carry the liability insurance. We handle it all with over 30 years of experience, expertise, and professionalism.
   

• Unlike our Temporary  Service, this program is designed to accommodate workers who have been recruited, referred, or contacted by you or an alternative source.  These workers are paid by Quality similar to temps, but there are two distinct differences:

 

1. PTP associates are available for conversion to permanent  employees  - with no conversion fee

2. PTP associates are invoiced at a greatly reduced rate

Here are a few common reasons to consider PTP

• One Day/ Occasional Jobs

• Filing Form 1099

The qualifications for 1099 status are very  strict. By simply setting hours, or pay scale or providing any training or instruction, you’ve violated that status and are actually the employing unit. The IRS has heavy fines and penalties for that violation. By employing a PTP associate, there are no questions as to status. The IRS considers these people contract labor and thus a legitimate, non-payroll business expense.

 

• Workers Compensation Rates

All workers must be covered by a workers compensation insurance policy. Those rates are computed from gross payroll figures as reported on your company’s quarterly IRS filing. The more people on payroll, the higher the rate. Every claim adds surcharges and higher multipliers. This drives the cost of all employees dramatically higher.

 

By adding a PTP associate, you have no exposure.

You do not rate these people or include them in your payroll figures at all.

The IRS and insurance companies consider them "contract labor", covered under the employing units plan.

Immediately, your insurance charge is lower and, in a short period of time, your overall rate goes down.

 

• Liability

Is your company carrying enough insurance? The right insurance? Are you over-exposed? All PTP’s are fully covered with a $2,000,000 general aggregate insurance policy. They have full coverage for driving your vehicles, using your equipment, and operating your machinery. They can be bonded for theft.

 

As PTP associates, they are our employees and are covered under our workers compensation policy. You have no exposure, no risk and no worries.

 

• Lay-offs

Who would be the best person to bring in for special projects or occasional work? Certainly one of your own laid-off employees is. Unfortunately, if you do, their unemployment claim must be closed then re-opened each time. Employees in lay-off, however, are entitled to occasional work through a different source up to a percentage of their regular salary without having to close and reopen their claims. No rate adjustments to them. No training to you. Everyone wins.

 

• Friends & Relatives

You’d like to employ a friend or family member, however, many corporations have strict rules prohibiting close relations hires. You may not want the payroll department to know what pay rate is assigned to specific people. You may not want certain personnel records on file in-house.