Just In Time For New Tax Cuts, Internet-Based Payroll Service Makes IRS Dealings Easier.Business Editors/High-Tech Writers PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BUSINESS WIRE)--June 16, 2003 PayCycle announces new, easy and affordable small business payroll services featuring new federal tax withholding Withholding Any tax that is taken directly out of an individual's wages or other income before he or she receives the funds. Notes: In other words, these funds are "withheld" from your wages. rates and other key enhancements PayCycle, Inc., one of the nation's leading online payroll Online Payrolls are services that collect information on hours worked, pay rates, deductions, and other payroll-related data from their clients and use that information to generate paychecks, payroll reports, and tax filings. The internet is a key tool in providing this service. service providers, today announced new versions of its low cost solutions to make it easier for small businesses to manage and control their payroll. These releases are available just in time to support the new federal tax cuts going into effect July 1, 2003. PayCycle's online payroll services automatically update tax rates, so users don't have to waste time tediously calculating new tax withholding amounts from employees' paychecks. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the U.S. Bureau of Labor Statistics Bureau of Labor Statistics (BLS) A research agency of the U.S. Department of Labor; it compiles statistics on hours of work, average hourly earnings, employment and unemployment, consumer prices and many other variables. , there are 5.8 million small businesses with fewer than 20 employees. PayCycle research shows that 70% of these businesses do all or some payroll in-house. "PayCycle's online solution is designed to save these businesses a lot of time and hassle by automatically giving them accurate tax withholding rates," said Rene Lacerte, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of PayCycle, Inc. "With PayCycle, small businesses can easily comply with the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. and state agency regulations at a fraction of the cost of traditional payroll service companies." In addition, PayCycle continues to add "paperless payroll" features to its small business payroll solution. The company released PayCycle Premium, a new full service solution that makes all federal, state and local tax payments and filings for small businesses. As a result, small businesses no longer have to worry about missing tax deadlines or spend time interacting with the tax agencies. PayCycle Premium full service is priced at $59.99 per month for up to 5 employees, and an additional $0.99 per employee over 5. PayCycle Premium includes email reminders for pay days, federal, state and local tax calculations, direct deposit and insightful drill-down reports. PayCycle also rolled out electronic state tax payments in Florida, Illinois, Maryland and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The service already makes tax payments electronically to the IRS and in California and New Jersey. With this enhancement, small businesses can now use PayCycle's improved self service solution, PayCycle Plus, to pay their federal and state taxes with a click. Florida small businesses can also file their quarterly unemployment tax forms electronically. The service even sends email reminders for tax due dates so small businesses can stay on top of deadlines. PayCycle Plus service is priced at $39.99 per month for up to 5 employees, and an additional $0.99 per employee over 5. PayCycle Plus includes email reminders, federal state and local tax calculations, direct deposit, insightful reports, electronic federal tax payments and filings, and pre-filled state tax forms (for the few states that require original forms, PayCycle provides the numbers and tells small businesses exactly where to put them). About PayCycle PayCycle, Inc. offers small businesses and accountants the easiest and lowest cost way to manage and control their payroll. The company's Internet-based solution includes both self-service and full service options. Headquartered in Palo Alto, California “Palo Alto” redirects here. For other uses, see Palo Alto (disambiguation). Palo Alto (IPA: /ˌpæloʊˈʔæltoʊ/, from Spanish: palo: "stick" and alto: "high", i.e. , the company is backed by blue chip investment capital firms including August Capital, Conning Capital Partners, Draper drap·er n. Chiefly British A dealer in cloth or clothing and dry goods. [Middle English, weaver or seller of cloth, from Old French drapier, from drap, cloth; see Richards, Irwin Ventures, and Total Technology Ventures. PayCycle was recently awarded a 5 star rating by PC Magazine for "An Overall Rating of Excellent". For more information, visit www.paycycle.com PayCycle is a service mark of PayCycle, Inc. |
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