One Price Payroll Signup Process

Finance

  • Author Mike Gray
  • Published March 19, 2012
  • Word count 378

One Price Payroll offers customized, online payroll solutions for a single monthly fee. The first payroll and set up is only $99, and there are no hidden fees. Once Price Payroll provides payroll services in everything from construction to retail along with bookkeeping and accounting services for small businesses. Outsourcing your payroll saves time, energy and headaches.

To sign up for One Price's payroll services, business owners need only complete a simple payroll submittal form that requires the following:

Company Information: Business owners provide the Legal Name of your business as listed by the Internal Revenue Service. DBA stands for Doing Business As.

Payroll Submission: Business owners provide the day and date of the first payroll One Price Payroll will be processing.

• Period End Date – The day of the week in which your pay period ends.

• Submittal Date – The day of the week you will submit your payroll information to One Price Payroll.

• Delivery Date – The day of the week you want your complete payroll delivered to you.

• Check Date – The day of the week you want your paychecks dated.

Example: Your business is running a weekly payroll. Your Period End Date is Friday, May 25th. Your Process Date is Monday, May 28th. You request a delivery date of Thursday, May 31st with your Check Date being Friday, June 1st.

Payroll Frequency: Bi-Weekly is every other week. Semi-Monthly is twice a month.

Tax Information: One Price Payroll requires your company's Federal and State Identification numbers to process your payroll taxes. You must have a tax id number for each state in which you have employees.

Tax Deposit Frequency: Depending on the annual size of your payroll, the IRS has certain deposit requirements. If your payroll taxes equal less than $2,500.00 in a quarter, your payroll taxes can be paid quarterly. If they go over $2,500.00 a quarter but are less than $50,000.00 a year, they must be deposited monthly. If your taxes are more than $50,000.00 per year, you are required to deposit your payroll taxes within three business days of processing your payroll.

Worker's Compensation Codes/Rate: One Price Payroll can track your worker's compensation expenses if you provide your codes, rates and experience modification rate. This is particularly useful for businesses in the construction industry where the rates are so high.

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