BoA Introduces Online Payroll Solution

June 5, 2006 ( - Bank of America Corp. (BoA) has announced a new program that will allow small businesses to manage their payrolls online.

“Easy Online Payroll” is free to small business customers who pay their employees by direct deposit with a Bank of America account, BoA said in its press release.

According to the announcement, features of the online payroll solution include:

  • creation of paychecks for a wide variety of different pay types;
  • development of W-2 statements;
  • federal, state, local and voluntary withholding calculations;
  • ability to pay and file all federal and most state payroll taxes electronically;
  • e-mail reminders and payroll reports;
  • integration with leading accounting and bookkeeping software;
  • ability to run payroll from anywhere and at any time; and
  • free support.

More information can be found at .