Welcome to Bank-On-It Payroll Services

Our Payroll Services provide a cost-effective and efficient way for employers to meet their payroll and related filing requirements. We use a wide variety of ways and means to provide your employees with secure, flexible and reliable payment plans. From traditional paper checks, to the latest in electronic banking, our payroll services are designed to satisfy the total needs of your employees while delivering additional convenience and cost savings to you, the employer.

Bank-On-It payroll Services are run by real accounting professionals with many years experience in payroll and accounting services.

Our services include:

The Basic Payroll Services

The Payroll Direct Deposit Services

The Signed Check Services

The Signed, Sealed, Inserted & Delivered Check Services

The Payroll Tax Payment Services

The Payroll Tax Return Services

The Basic Payroll Service

Our Bank-On-It Basic Payroll Service gives you single debit, total reconciliation of your payroll with the electronic transfer of your net payroll amount from your bank account to a Bank-On-It account one or more banking days before payroll check-cutting date. This allows you to distribute paper checks to your employees without the administrative hassle associated with paper check reconciliation. Bank-On-It Payroll takes the responsibility of reconciling your payroll account as your employees' cash their paper checks.

The Payroll Direct Deposit Service

DepositDirect affords your employees the safety and convenience of our automatic employee payment services, while you benefit by faster bank account reconciliation and freedom from check signing.

With DepositDirect, each employee's earnings are electronically deposited to their bank account on payday. Employees can have their entire net pay or any portion of it deposited directly into their bank account. Each employee receives a non-negotiable check detailing their deductions and net pay deposited to their account.

The Signed Check Service

Our SignedCheck option allows Bank-On-It Payroll services to use your digital signature to sign your payroll checks. We will create a computer-generated copy of your signature which we will use to sign all the checks sent to your employees. This is it! It all happens automatically and you do not even have to be in town come payroll time.

The Signed, Sealed, Inserted & Delivered Service

With our Check Insertion, Sealing & Delivery service, Bank-On-It Payroll will insert the checks into individual employee envelopes, seal them and deliver them to your premises on time and ready to be distributed to your employees on payroll day.

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.