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Common Acronyms

Common acronyms in the industry

Updated over a week ago
  • ASO: Administrative Services Organization

  • BPO: Business Process Outsourcing

  • CAF: Centralized Authorization File

  • CIT: Corporate Income Tax

  • CPA: Certified Public Accountant

  • CPP: Certified Payroll Professional

  • CRS: Common Reporting Standard

  • CSM: Customer Success Managers

  • DPR: Detailed Payroll Report

  • EIN or FEIN: Federal Employer Identification Number

  • ERC: Employee Retention Credit

  • ERCW: ERC Wages

  • ERTC: Employee Retention Tax Credit

  • FICA: Federal Insurance Contributions Act

  • GAAP: Generally Accepted Accounting Principles

  • HRO: Human Resource Outsourcing

  • IMF: International Monetary Fund

  • IRC: Internal Revenue Code

  • KPI: Key Performance Indicator

  • LF ID: Lead Flow ID

  • NPI: Nonpublic Information (SSN, birthdates, address, account number, etc.)

  • NPO: Non-Profit Organization

  • NWT: Net Wealth/Worth Tax

  • PAYE: Pay-As-You-Earn

  • PCI: Payment Card Industry

  • PEO: Professional Employer Organization

  • PPP: Paycheck Protection Program

  • PTIN:A number issued by the IRS to paid tax return preparers

  • QA/Q&A: Qualifying and Analysis

  • RSB: Recovery Startup Business

  • R&D: Research & Development grant

  • SEC: Securities and Exchange Commission

  • SOC: System & Organization Controls

  • VAT: Value Added Tax

  • WHO: World Health Organization

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