Payroll Services – for Contingent Workforce /Contractor Management

Employer & Agency of Record

To make the management of consultants as easy as possible, Genesis Global provides complete Employer of Record Services. This is a simple, cost-effective way for you to work with individual consultants and staffing agencies that are not approved vendors or who may be unable to meet your company’s vendor requirements.

These services help our clients ensure compliance with state and Federal tax regulations in the use of temporary professional contractors. We have been successfully providing services to client companies and individual consultants since 1999. We offer a client-oriented approach, working together with management to set up low cost, effective and standardized companywide programs.

Genesis Global Payrolling Services and/or Vendor Management Services for Independent Contractors that can be used throughout the company wherever contractors are engaged and a 3rd Party Agency is needed to represent them. We can act as the Employer of Record or as the Agency of Record. We are nationwide. Your company may not want to pay contractors directly, but instead use 1099 payrolling services or Corp to Corp engagements (Accounting & Finance, IT, Recruiting/HR Departments are usually have a strong need for these type of engagements).

More and more frequently, companies are asking their direct contractors (those without an agency) to bill through a separate financial service (3rd party or umbrella services). With complicated and frequently changing federal and state tax regulations, companies prefer to be protected from Federal and state audits and have the classification and payment of their contractors through a pass-through service. Additionally, Accounts Payable would prefer fewer invoices and checks to process.

We have developed our Pass thru Program to provide a comprehensive and cost efficient way to determine the classification of independent contractor or contract employee status and Exempt and Non-exempt hourly labor rates (overtime) for W-2 contractors. We have over 11 years experience in the industry and provide knowledgeable services to our contractors and clients.

Our payroll solution for our clients combines payroll management tools with accurate payroll processing, tax preparation, direct deposit, and other vital services.

Since Genesis Global is a certified woman owned staffing and workforce solutions provider, this service will allow our clients to capture diversity credit!

Solutions include:

• W2 Employee Conversions
• 1099 Contractor Conversions
• Corp-to-Corp Processing Conversions

Employer of Record

Genesis Global works with independent contractors who prefer to do contracts as hourly or salaried W-2 employees as their Employer of Record. In this role we provide and ensure the following:

• Employment taxes withheld on a W-2 basis
• Employee expense reimbursement
• Bi – Weekly invoices (electronic invoicing available)
• Comprehensive Employee benefits, reducing co-employment exposure
• Worker’s Compensation Insurance
• Risk Management
• Unemployment Insurance
• General and Professional Liability Insurance
• Employee Relations
• Employment Eligibility Verification (I-9)
• Background Screening Verification (optional)
• Drug Testing (optional)

Agency of Record

Genesis Global will act as the Agency of Record and provide the following:

• Master Agreements are in place
• Contractor Authorizations are in place
• Bill rates match Authorizations
• Accurate remittance statement matches timecard hours with invoice hours
• Accurate billing of overtime for non-exempt employees
• Document for tax compliance
• Group multiple billings on one invoice
• Provide customized reports upon request for usage
• Eliminate the problems of multiple contractors contacting AP to follow up on payment of their Invoices
• Compliance – Help to Protect our clients from potentially expensive IRS and EDD penalties, interest and fines