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BARNETT INTRODUCES SUPERPAY FOR SMALL BUSINESSES

 JACKSONVILLE, Fla., Jan. 3 /PRNewswire/ -- Barnett Bank (NYSE: BBI) has introduced SuperPay, a customized payroll processing product designed to help small businesses with payroll preparation and tax filing. Barnett has teamed with Paychex, a leading payroll processing company, to provide SuperPay services.
 With SuperPay, business owners can take advantage of payroll processing services at a price generally lower than their current in- house costs. Companies can choose when their employees are paid, on a weekly, bi-weekly, monthly, or semi-monthly basis. Companies also have the choice of paper checks or direct deposit. Payroll deductions for taxes, insurance, retirement benefits, and savings programs are handled by Paychex.
 After each pay period, SuperPay provides companies with detailed payroll reports, including information on employee wages and taxes. SuperPay is accessed through any Barnett business checking account.
 Another advantage of this new service is the handling of all tax filings by SuperPay. Worries about tax filing accuracy and penalties for missing payroll tax deadlines are eliminated because SuperPay keeps track of all current and new tax filing requirements. SuperPay can:
 -- deposit all payroll taxes.
 -- prepare and file monthly, quarterly, and annual state and federal
 returns.
 -- prepare and file annual W-2's for both employer and employees.
 The accuracy of tax filings is guaranteed, and if a discrepancy should occur, a representative from Paychex will assist companies with handling taxing agencies.
 "Our new service provides the small business owner the advantage of payroll professionals at an affordable fee," said Frank Carter, Barnett product manager for SuperPay. "SuperPay is yet another part of Barnett's expanding commitment to the small business community."
 Barnett also offers small businesses specialized checking accounts featuring low monthly charges, loan products specially designed to meet small business needs, VISA Business Cards and 24-hour access to information on their bank accounts through Barnett Business SuperPhone and The Barnett Connection personal computer link.
 With $37 billion in assets and 621 offices in Florida and Georgia, Barnett Banks, Inc. is the leading financial institution in Florida and the 21-st largest in the United States. The company's stock (BBI) is listed on the New York Stock Exchange.
 -0- 1/3/94
 /CONTACT: Bob Stickler of Barnett Banks, 904-791-5437, or home, 904-396-9284/
 (BBI)


CO: Barnett Banks, Inc. ST: Florida IN: FIN SU: PDT

DP-RK -- FL003 -- 8462 01/03/94 10:48 EST
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Publication:PR Newswire
Date:Jan 3, 1994
Words:383
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