Norcross, GA (PRWEB) April 24, 2014
Business Software, Inc. (BSI), a leading provider of payroll tax filing, tax calculation and compliance onboarding solutions in the cloud, offers clients a fully automated wage garnishments solution, as part of BSI TaxFactory™. The BSI wage garnishments solution helps employers to be compliant with Federal and State regulations, and accommodates variances that are relevant to orders issued by courts. The solution, which is offered in the cloud and on-premise, is easy to use and reduces workloads by providing the option of processing garnishments separately or with payroll.
Wage garnishment occurs when an employer is required to withhold earnings from an individual for a payment of a debt in accordance with a court order or other legal procedure. BSI TaxFactory currently supports the automated calculation of 17 garnishment types and nine associated employer administrative fees. Garnishment types include:
Staying compliant with garnishment laws and guidelines can be challenging, especially for multi-state employers. The wage garnishments solution addresses this need by automatically updating all regulatory information, thus ensuring employers follow all laws during the garnishment process. BSI’s support services keep up with the constantly changing garnishment regulations, rules and forms.
"BSI is always looking for ways to enrich our solutions and to offer our customers time-saving tools," said Russell Rindik, BSI Vice President of Operations. "Automating the wage garnishment process is a necessity for all employers – particularly multi-state employers – and this tool within BSI TaxFactory will streamline the garnishment process.”
BSI is a leading provider of North American payroll tax filing, tax calculation, compliance onboarding and supporting solutions in the cloud. Leveraging 35 years of experience, BSI offers the largest array of solutions in the industry that are used by clients to process more than a half billion transactions annually. Thousands of organizations – including many of the world's best known companies – use BSI to minimize their compliance risks, reduce labor costs, maintain regulatory compliance, improve workforce productivity and increase employee satisfaction. For more information about BSI, please visit http://www.bsi.com.