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We use Bank of America--really easy. They handle everything for us except for the initial setup with the Federal and State governments--you still have to get y
by mattculbreth 17y ago
We use Bank of America--really easy. They handle everything for us except for the initial setup with the Federal and State governments--you still have to get your IDs and what not.
NOTE: make sure you get some accounting guidance here. It matters how you do this if you want to minimize taxes.
- stanleydrew 17y agoHow much does BofA charge for this service? And on accounting guidance do you mean get advice on distributions vs wages?
- mattculbreth 17y agoWe're paying $20/month for two employees. I think it's free if you don't get the State service but that doesn't seem sensible. Yeah I'd check with an accountant on the wage / distribution / benefits stuff. For small businesses though you really can just pay it all out, just make sure you're paying the taxes.
- kriyative 17y agoI believe you'll need the Plus service if you want to e-file state taxes, which runs $36/mo. Check out the "Rates & Fees" tab at: http://www.bankofamerica.com/small_business/online_banking_and_services/index.cfm?template=payroll_services http://www.bankofamerica.com/small_business/online_banking_a...
- kriyative 17y agoSecond that. It's really easy once all the electronic filing paperwork has been filed with the IRS and State. Also, their system is the same as Paycycle, just rebranded (I think).