“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 http://www.bankofamerica.com/business24-7 .