Trez

Trez operates an online payroll and benefits administration platform aimed at small businesses and at accounting firms that manage payroll on behalf of clients. Employers add employee and contractor records through a web portal; workers then receive instructions to set up their own accounts, enter withholding and payment details, and retrieve pay stubs and tax documents such as W-2s and 1099s at any time. Payroll can be run in a small number of clicks, with two-day direct deposit turnaround and payments to employees and contractors in all 50 states.

The platform bundles payroll tax compliance at no separate charge: Trez calculates, files and pays federal, state and local payroll taxes in all 50 states each time payroll is run, handles unemployment reporting and payments, and files automated new hire reports. It also assists new employers with obtaining EIN, state withholding and unemployment numbers, and updates payroll calculations automatically for tax law, minimum wage and overtime changes. Benefits offerings include 401(k) plans, Roth and Traditional IRAs, health insurance administration, telemedicine and workers' compensation. Workers' comp is integrated with payroll data so carrier employment records are updated and premiums are deducted each pay cycle under pay-as-you-go policies that adjust with headcount and avoid upfront lump-sum payments; brokers on the Trez team manage the carrier relationships. Financial features comprise checking accounts, advance payments to employees, and employee pay cards described as forthcoming.

Customers can choose self-service processing or supported payroll in which a dedicated specialist assists by phone, email and chat, with support included at no additional cost. Trez also runs a partner program for accounting firms offering discounted pricing, free use of the payroll service for the firm's own operations, and referral rewards, plus access to a network of partners covering immigration and green card loans, auto insurance oriented to the Latino community, and a full-service 401(k) provider. [0][1][2][3][4]

Founding story

Trez was founded in 2022. Gustavo Suarez is Founder and Chief Executive Officer and Arthur Garcia is listed as Co-Founder. [6][7]

Business model

Trez sells subscription-based payroll, benefits and compliance software and services directly to small businesses, and also through a partner channel for accounting firms that receive special pricing, complimentary payroll for their own firm, and rewards for referring clients. Payroll tax filing, compliance coverage and customer support are described as included rather than billed as add-ons, and custom pricing is available by phone. [0][2][3][4]

Recurring service plans covering payroll processing, tax filings, benefits administration and compliance, with tax filing and support bundled at no additional cost; workers' compensation is offered on pay-as-you-go premiums deducted each payroll cycle. Custom pricing is quoted by phone for small businesses, and accounting partners receive discounted partner pricing. [0][2][3][4]

Traction

The company markets outcome figures for clients of 83% time saved on payroll, 13% tax savings and 172% ROI, and cites recognition from Forbes, Inc. Magazine and Stanford Graduate School of Business. A third-party company profile lists 11-20 employees. [0][4][6]

Latest developments

Employee pay cards - reloadable debit cards intended for workers without bank accounts - are described on the website as coming soon, alongside checking accounts and advance payments already offered. [3][4]