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What's a PEO and How Can It Help My Business?

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This story appears in the May 2014 issue of Entrepreneur. Subscribe »

Q: What's a PEO, and why should I use one?

A: Here's all you need to know: A Professional Employer Organization (PEO) is one of the best-kept secrets of many successful small businesses. Essentially, these bodies handle all your HR needs, including payroll and administration, employee health and retirement benefits, workers' compensation insurance, state and federal compliance issues and even worker training.

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