EPayroll: Online Payroll Services
Online ePayroll payroll services are sure to have advantages from the complicated handling of 401k and tax returns to the mere provision of direct deposit service. Be sure to familiarize yourself with the attributes that will allow you to select an online payroll service that is right for your business.
Direct deposit is one of the most common features on the epayroll network. Instead of your business needing to create and deliver regular checks, direct deposit allows worker payroll to be easily transferred to your checking account. If this is really the only feature you are looking for, it may not be necessary to pay money for a web payroll service. You should be able to make direct deposits from your bank or ACH service.
Tax filing is a great feature offered by various ePayroll services. With this function they will manage the filling of payroll taxes. It generally applies to all payroll taxes. If you want this attribute, you will want to use a signature that ensures the accuracy of tax returns and takes legal responsibility in the event of a wrong tax return.
W-2 services mean that you no longer need to assemble W-2s for your staff each year. With this feature, your online payroll service does it for you. Additionally, the epayroll service saves W-2 forms, so your workers can go to the payroll merchant to modify their tax withholding at any time instead of hassling you or your human resources staff.
1099 contractors could be a headache to pay and keeping up with 1099s can be a frustration when using independent contractors. Several epayroll services handle this on your behalf in addition to compensating your regular W-2 workforce.
The payroll service often handles the documentation of new hires. Usually this means that you don’t have to bother filling out the proper documents every time you hire someone. The epayroll online service can take care of completing the correct documentation and sending it to the appropriate agencies.
Verification of new hires is a problem, especially with the growing concern about illegal immigration and illegal employees. If desired, some epayroll providers can perform record checks and check worker status for new hires.
Online payroll providers keep track of vacation and sick days records. Many times, your workers can check a web-based portal to find out how many days they still have.
Nontax payroll deductions can be significantly difficult to maintain. This ranges from 401k benefits to child support compensation to court-enforced judgments. Many online payroll providers can handle this for you, and again, your employees can often deal directly with the payroll provider regarding deduction-related issues.
Accounting integration is an important element. The most typical accounting application is QuickBooks, and several online payroll providers integrate with QuickBooks. Some also integrate with other accounting applications.
