SOURCE: TriNet

TriNet

November 30, 2011 10:30 ET

TriNet Endorses Small Business Efficiency Act to Support Growth in Startups, Small Businesses

U.S. Congressman Mike Thompson (CA-1) Visits TriNet Client X Winery, a Local Small Business That Would Benefit From Proposed Legislation

SAN LEANDRO, CA--(Marketwire - Nov 30, 2011) - Entrepreneurs and small business owners may soon be supported by a federal bill that will help ensure their companies' compliance with complex federal payroll tax responsibilities. TriNet, a provider of HR outsourcing solutions to startups and small businesses, endorses the proposed legislation, The Small Business Efficiency Act of 2011 (H.R. 2466), as it will provide clarity around the co-employment model and will enable companies similar to TriNet to continue withholding and remitting federal payroll taxes on behalf of their clients. This in turn allows entrepreneurs and small business owners to focus on what they do best: grow their business.

"Our client base is growing 12 percent per year, adding more than 8,000 jobs so far in 2011," said Todd Cohn, TriNet's director of regulatory affairs. "That's staggering, when compared to a near-zero job growth per the Department of Labor for the general economy, and proof that startups and small businesses who leverage our type of partnership are kick-starting our country's economic recovery."

The bipartisan legislation was introduced into the U.S. House of Representatives in July (H.R. 2466), by representatives Kevin Brady (R-TX) and Mike Thompson (D-CA). Co-sponsors also transcend party lines and include representatives Paul Tonko (D-NY), Sam Johnson (R-TX), Wally Herger (R-CA), Bill Owens (D-NY), Allen West (R-FL), Dennis Cardoza (D-CA) and Ted Poe (R-TX). A similar version was introduced into the U.S. Senate earlier this month (S. 1908) by senators Charles Grassley (R-IA) and Bill Nelson (D-FL). The geographically dispersed nature of the elected officials indicates a nationwide understanding that small businesses will fuel the country's economic recovery through job growth.

Thompson visited one such small business last week, within the district he serves. TriNet client X Winery in Napa welcomed the Congressman for a firsthand look at how small businesses are faring in his district.

"X Winery is one of many small businesses across our nation that faces unclear regulations when it comes to paying payroll taxes," said Thompson. "I spoke with the owners of X Winery about this and I have introduced legislation in Congress that would clarify these regulations and allow small businesses to focus on what they do best -- creating jobs and contributing to our community's economy."

"Our top priority is producing great wine, not running a HR department," added Reed Renaudin, President of X Winery. "The regulatory complexities of managing the HR component of our business -- while necessary -- limit the resources we have to focus on areas that grow our business: sourcing, making, marketing and selling wine. The primary benefit of working with TriNet is that they remove some of these complexities, provide a more cost-efficient alternative to managing HR and offer the quality benefits our employees deserve. We're grateful that Congressman Thompson spent some time with us to understand that firsthand."

More information about the Small Business Efficiency Act of 2011 can be found here.

About TriNet
TriNet is a trusted partner to small businesses, providing critical HR-related services on an outsourced basis. TriNet's solutions help contain costs, minimize employer-related risks and relieve administrative burden to keep an entrepreneur's focus on core business functions. From employee benefits service and payroll processing to high-level human capital consulting, TriNet's PEO expertise is integrated with every facet of a client's business. TriNet specializes in serving fast-moving companies in fields such as technology and financial services, who recognize that top-quality employees are the most critical competitive asset. For more information, please visit http://www.trinet.com.

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