Our Payroll Tax Services include:

The Payroll Tax Payment Services

The Payroll Tax Return Services

The Payroll Tax Payment Services

Our Payroll Tax Payment Services provide companies with full IRS and State Electronic Funds Transfer (EFT) Payroll Tax Payment Compliance and complete flexibility and peace of mind. We calculate all your payroll tax liabilities such as Social Security, Medicare, Federal Taxes Withholding, Federal Unemployment, State Withholding, SUI, Disability and Local Taxes where applicable, and will pay it all for you.

   Your Bank-On-It payroll specialist will inform you when the Payroll Tax Services begin and you will be notified at the time when you need to deposit these funds into your Payroll account. Please be sure that all deposits are made in a timely manner in order to avoid any and all penalties.

   With the first payroll after your implementation/start date, Bank-On-It Payroll will collect all unpaid liabilities for the current and prior pay periods.

   We will notify you about the total amount needed to cover your payroll tax liabilities. Please review this report found in every payroll packet and make sure that all such deposits are made in a timely manner in order to avoid penalties.

   We will debit your bank account on or before your check date for the total Tax Liabilities incurred with each payroll. Please have funds available at the start of the business day.

   If there are payroll tax adjustments to be made after the end of a quarter, you will be responsible for making the deposits for these additional tax liabilities.

   As part of the Payroll Tax Services, Bank-On-It Payroll will enroll you in the Electronic Federal Tax Payment System (EFTPS) with the Internal Revenue Service and make your federal tax deposits via EFTPS. Please keep in mind that the IRS encourages employers to enroll in EFTPS independently even if already enrolled by a third party. By enrolling your business independently allows you to continue using EFTPS in the event you need to make federal tax payments on your own. If you are not independently enrolled with the IRS EFTPS system, we will assist you with the enrollment process.

The Payroll Tax Return Services

Many employees forget to file the necessary payroll tax returns. Bank-On-It Payroll Services will prepare, sign and file all your payroll tax returns with both Federal and State tax authorities on an ongoing basis.