Intuit has introduced a Web-based payroll system for small businesses.
Intuit Online Payroll guides employers through the steps of setting up the system, paying employees and taxes, and filing tax forms. The system includes automatic calculations, to-do lists and e-mail reminders when tasks are due. The system currently does not integrate with Intuit's QuickBooks.
With Intuit Online Payroll, employers can enter the hours worked by each employee during the pay period, and the paychecks and pay stubs can be printed right away or issued through a free, built-in direct deposit service. The system automatically computes the correct compensation, deductions and withholdings. It also keeps tax tables up to date. More than 20 customizable reports show the effect of payroll on the business.
Employers can have e-mail reminders sent to them when payroll tax payments are due, and keep track of who gets paid and how much is owed. The system provides printable tax forms for federal filings, as well as many state filings, including 940, 941, W-2 and W-3 forms. Payroll data is password-protected so it can be restricted to just the employers or to specific employees, accountants or business partners.
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