The introduction of a faster, more convenient and cost-effective service to manage and execute the payroll process gives small business owners another innovative opportunity to automate their day-to-day back-office tasks so they can spend more time on building their business.
Pittsburgh (PRWEB) February 21, 2008
Employee pay can be the single largest payment that a small business will make on a bi-weekly or monthly basis. With PNC Online Payroll, small business owners can enter payroll information, access detailed tax reports and calculate paychecks instantly to pay employees at any time and from any location where Internet access is available. It also simplifies payroll tax filing by automatically calculating all payroll taxes and sending users e-mail reminders when payroll tax filings are due, enabling easy electronic payment and filing. The service, provided by PayCycle®, allows most small business owners to run payroll in less than six minutes.
In addition, PNC Online Payroll is a complete solution that offers small businesses:
- Direct deposit at no additional charge
- Option to pay employees via paper checks
- Employment tax support
- Free W-2 processing
- Employee access to electronic pay stub information
- Detailed payroll reports
- Integration with popular business accounting software packages, such as QuickBooks, Quicken, Peachtree and Microsoft Money
"The adoption rate of online banking services is growing, and small businesses continue to look for ways to operate more efficiently - especially in managing their cash flow," said Jeffrey Schmidt, who oversees PNC's small business banking division. "The introduction of a faster, more convenient and cost-effective service to manage and execute the payroll process gives small business owners another innovative opportunity to automate their day-to-day back-office tasks so they can spend more time on building their business."
PNC Online Payroll provides an affordable payroll solution to small business owners for $39.99 per month for up to five employees with an added $1.99 per month for each additional employee. Accessed through a protected online banking site, it is another example of PNC's use of technological advances for customer solutions. In 2006, PNC launched a remote deposit service to simplify small business accounts receivables duties and to minimize branch visits.
With over 60,000 small businesses on the PayCycle service, PayCycle is America's #1 online payroll service. PayCycle's unique "Do-It-With-YouSM" (DIWYSM) technology platform guides customers through the entire payroll process from paychecks to W-2 forms. By integrating with leading small business accounting packages, PayCycle eliminates the hassle of data re-entry. PayCycle is committed to providing outstanding customer service and since its founding in 1999 has received numerous awards and was recently named a finalist for the 2007 American Business "Stevie" Award for "Most Innovative Company" and "Best Customer Service."
PNC Bank is a member of The PNC Financial Services Group, Inc. (NYSE: PNC), which is one of the nation's largest diversified financial services organizations providing consumer and business banking, including specialized services for small business owners, such as online payroll services; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management; asset management and global fund services.
For more information on PNC Online Payroll - including a slide show demo and an interactive sample payroll - please click here.