Bank of America already works with Intuit to provide small business customers with Easy Online Payroll.
Bank
of America and Intuit announced the availability of Intuit Full Service Payroll
for Bank of America small business customers, which provides guaranteed
error-free paychecks and payroll taxes, as well as a team of experts to address
any number of payroll issues. One key feature is the guaranteed 100 percent
accuracy of federal, state and local tax withholdings, as well as any voluntary
withholdings that employees take, based on customers' information.
Other
features include a dedicated team of U.S.-based payroll experts to manage
customers' payroll from start to finish, available via phone, chat or email; full
integration with customers' online banking solutions, so they can manage their
business's finances all in one place; and online technology that spots possible
errors before paychecks are finalized.
Bank
of America already works with Intuit to provide small business customers with
Easy Online Payroll. This self-service offering is available in two tiers,
Basic and Plus, designed to meet payroll needs of a small business based on its
size and number of employees. Both Easy Online Payroll services enable small
business owners to calculate and process online payroll and payroll taxes with
automatic employee direct deposit, pay statements and electronic tax payment.
"By
teaming up with Bank of America, we're taking the complexity out of payroll for
their four million small business employers across the country," said
Ginny Lee, senior vice president and general manager of Intuit's employee
management solutions division. "Whether business owners want to do it
themselves or have us do it for them, we have a solution that best meets their
needs. And most importantly, they can sleep at night knowing that their
employees and their payroll taxes are paid accurately and on time."
In
addition to the launch of Intuit Full Service Payroll, Bank of America is
enhancing the checking and savings solutions it offers small business clients.
Beginning in November in Arizona, Georgia and Massachusetts, the bank will
launch Business Platinum Privileges, a recognition and benefits program.
Benefits include reduced rates on lines of credit, retirement account benefits,
additional bonus points or cash back on credit and charge card purchases, and
higher rates on savings accounts.
"Small
business owners are hit every day by a multitude of operational demands that
can take their focus away from what's most important to them-serving their
customers and generating more business," said Dean Athanasia, preferred
and small business banking executive at Bank of America. "Intuit Full
Service Payroll gives small business owners peace of mind when managing
payroll, so they can dedicate more time to running and growing their
business."
Nathan Eddy is Associate Editor, Midmarket, at eWEEK.com. Before joining eWEEK.com, Nate was a writer with ChannelWeb and he served as an editor at FierceMarkets. He is a graduate of the Medill School of Journalism at Northwestern University.
Email
Print
