Payroll

In a tough economy with a highly competitive market for accounting talent and the ever-increasing complexity of state and federal regulations, it is more important than ever for accounting professionals to examine their service offerings and clients' needs and expectations to find the best solution for their clients and their firms.

Intuit plans to expand its presence in the market for helping small businesses manage their 401(k) and health insurance benefits, even though many of its own customers do not offer such benefits.

Online payroll provider myPay Solutions has sealed a partnership pact with consultancy HR AnswerLink to offer human resources services to myPay users.

Payroll and benefits outsourcing provider Paychex Inc said the troika of weak economic conditions, the ongoing credit crisis and low rates of investment returns prompted a 17-percent decline in first-quarter profits, to $123.6 million compared to the year-ago first quarter.

Payroll services provider CompuPay Inc. has acquired New Hampshire-based competitor Infinity Payroll for undisclosed terms.

Universal Business Computing Co. has released the latest versions of its general ledger and payroll software with new productivity enhancements.

The best ways to work with client payroll

Seven New Englanders have been indicted in Boston for conspiracy to defraud the U.S. government after they were accused of promoting multiple tax fraud schemes.

Intuit has completed its $170 million acquisition of PayCycle, expanding the company’s online services strategy with a payroll provider that counts more than 85,000 small businesses as customers.

Universal Business Computing Co. is offering “pay as you go” workers compensation insurance to all of the company’s payroll service clients through a partnership with Cennarius.

The downslide in the economy, coupled with a constricted credit market, resulted in a 7 percent drop in profits for payroll and benefits outsourcing provider Paychex Inc., to $533.5 million versus the company's fiscal year 2008 numbers.

Employment in the private sector fell by 532,000 jobs in May, according to payroll figures from ADP.

Intuit has signed a deal to acquire online payroll service PayCycle for approximately $170 million in cash, boosting the accounting and tax software vendor’s presence in the payroll business.

Payroll data released Tuesday showed that private sector employers slashed 491,000 jobs in April.

Paychex has named Jennifer R. Vossler as the payroll company’s new vice president and controller.

The economic meltdown has many companies evaluating methods for preparing payroll.

Private sector employment declined by 742,000 jobs last month, according to the latest monthly report by payroll giant ADP.

PayCyle said that it has implemented the payroll tax reduction included in the recently passed economic stimulus bill.

Intuit plans to extend its Intuit Online Payroll service to accountants, Mac users, banks and credit unions, starting this spring.

Sage North America has sold its tax compliance services business and enterprise-level customer base to Empower Corp.