Paychex debuts Paychex Solo, document management, and more

A packaged offering designed to meet the specific needs of sole proprietors. Paychex Solo combines incorporation services, payroll and a 401(k) plan into one solution aimed at helping business owners improve their income tax situation, pay themselves a predictable wage while meeting tax obligations, and save for the future. With Paychex Solo businesses can also automate FICA tax withholdings on their W-2 wages, rather than having to budget for personal income tax payments, allowing them to initiate an owner-only plan to apply pretax dollars to save for retirement.

With a newly enhanced grid entry view, Paychex Flex now also offers multiple pay entry options to choose from. Built primarily to meet the needs of power users, but available to all payroll customers, the grid view enables users to input complex payroll information quickly and efficiently using an interface designed specifically for speed.

An example of the uses of the grid view is that users can leverage list and individual views to get a detailed gross-to-net look at individual employees, or switch to grid view when more complex data entry, such as multiple overrides, is required. Each view works with customizable input templates, import feature, and API capabilities. Paychex Flex payroll is mobile-enabled and integrates directly with a variety of time and attendance solutions, including cloud-based Paychex Flex Time and other hardware the company offers.

The Immigration Reform and Control Act (IRCA) requires all employers to verify the identity of new employees and their eligibility for U.S. employment. To help businesses comply with this requirement, reduce time spent on verification, and help diminish the risk of costly penalties, Paychex has expanded its employee verification capabilities to enable employers to complete the Form I-9 and E-Verify processes electronically. Employers can integrate this solution with the Paychex Flex paperless onboarding process.