Why does the PEO have to report the client company’s owners or corporate officers?
A. In most cases, business owners and corporate officers are not eligible for unemployment benefits. PEOs have to register owners and corporate officers to make sure people who are not eligible for benefits do not collect them. Also, a new law requires this information for all employers in Washington, not just PEOs, and it holds corporate officers and other business owners personally liable if they deliberately try to evade their tax bills. Q.
Related Questions
- If an investment was made in a company that went bankrupt because of the illegal acts of corporate officers, are the investors entitled to a theft deduction?
- Why does the PEO have to report the client company’s owners or corporate officers?
- What if the PEO pays late or makes a mistake on the client company’s tax report?
