How do Intuit’s solutions help?
In-house payroll, using Intuit’s PayCycle as an example, has nearly automated the entire payroll process. Federal payroll tax liabilities can be remitted automatically with just a few clicks. There is no need to print and mail checks. Federal forms including forms 940, 941 and 944 can be sent electronically as well. For many states, your clients’ state tax liabilities and state forms can also be submitted electronically. Q: Payroll is fraught with tax and regulatory issues. What can go wrong if the function is performed poorly, and how do your solutions help prevent errors and protect employers? A: We ensure that regulatory changes arereflected in the payroll service and that users are informed of these changes. Since the PayCycle service is online, the tax tables are updated real time. In addition, the PayCycle service sends automated email reminders to help accountants keep track of important deadlines including payroll, tax payments and form filings. Q: How much money can an account
