BRADENTON, Fla., April 11, 2007 (PRIME NEWSWIRE) -- This year, Gevity (Nasdaq:GVHR), which serves as the full-service human resource department for small and mid-sized businesses, delivered over 264,000 W-2 forms to its client employees, ensuring that they are in compliance with federal payroll tax filing guidelines.
Every year, Gevity works hard to ensure that it has accurately prepared and delivered its thousands of clients' W-2 wage and tax statements, so their employees can file their tax returns on time and have peace of mind. As part of its Gevity Edge(tm) solution, Gevity streamlines HR administration by providing small and mid-sized businesses with critical employment-related tax preparation services, including answering client questions; year-end balance tracking; printing and mailing of forms; filing forms with the appropriate government agencies; providing employees with W-2 reprints (available through Gevity OnLine(tm) at no additional charge) if they did not receive or lost their original forms; correcting forms, if needed; and handling audits and information requests from the various government taxing bodies.
"Before we started using Gevity, we used a local company here in the Phoenix area to help with our (payroll) tax preparation. But we had some issues during tax season with some of our employees' W-2s coming out incorrect," says Kim Silva, the Operations Team Leader at Fairytale Brownies, the largest purveyor of gourmet mail-order brownies in the United States. "As a result, we had to re-do all of our W-2s in-house. It was a nightmare. Since switching to Gevity, however, we haven't had a problem with our W-2s. Gevity's tax compliance department is terrific."
More than just preparing and filing W-2s, Gevity's tax teams' work year round reporting, paying and reconciling all federal, state and local employment-related taxes for Gevity's more than 120,000 client employees, many of whom have a presence in multiple states. "We make hundreds of payments daily, thousands weekly and then at the end of each quarter we reconcile thousands of accounts on behalf of our clients, so they don't have to," explains Michael Collins, Senior Vice President at Gevity.
That multi-state payroll tax expertise and assistance is one of the main reasons that D-Tools, a leader in easy-to-use, highly accurate system design software, uses Gevity as its HR outsourcing company. D-Tools, which is based in Concord, California, has employees in several states, and it relies on Gevity to make sure its federal, state and even city employment-related tax issues are taken care of.
"In Ohio, they have this taxation rule where there's withholding tax for the city where you live and for the city where your office is, in addition to state and federal (payroll) tax," explains Steve Collard, D-Tool's CFO/COO. "I would never have known about it, except that I saw it on a paycheck. As CFO and COO, I'm worrying about software releases. I really don't want to have to worry about employment-related tax compliance on the city level in Ohio. With Gevity, I don't have to."
"We deal with all 50 states, as well as with the federal government and local agencies," says Collins. "We work with hundreds of taxing bodies each year on behalf of our clients, and we know which states have more complicated filing rules as well as which states require taxes on the city and even school district level.
"Any client that's in multiple states or a state with complicated filing rules, like Ohio or Pennsylvania, they truly understand the benefit of what we provide," he says. "We work quietly, behind the scenes, as their back-end department, doing all that employment tax-related work for our clients, and we're very good at what we do. I can tell you from experience, when a client with a presence in, say, 20 states tries to go out and do what we do on their own, they usually have to hire at least two full-time people to do what we do. And they can't just hire a bookkeeper. They need to hire high-caliber people with (payroll) tax experience in each of those 20 states, which can be expensive."
About Gevity
Thousands of small and mid-sized businesses nationwide leverage the flexibility and scalability of Gevity's human resources (HR) solution to help them maximize the return on investment in their people. Essentially, Gevity (Nasdaq:GVHR) serves as the full-service HR department for these businesses, providing each employee with support previously only available at much larger companies. Gevity delivers the Gevity Edge(tm) a comprehensive solution comprised of innovative management and administration services, helping employers to streamline HR administration, optimize HR practices, and maximize people and performance. This solution enables both businesses and their employees to achieve their full potential, giving them an edge over competitors. Gevity's unique approach features Gevity OnSite(tm), experienced HR Consultants based in local markets backed by nationwide resources and easy-to-use technology, including Gevity OnLine(tm) and Gevity OnCall(tm). For more information, call 1.800.2GEVITY (1.800.243.8489) or visit gevity.com.