To prevent the situation where only one person on your staff knows how to handle the processing of payroll taxes, cloud-based payroll tax management software makes it so easy that multiple people on your staff can be trained how to use it, giving you the confidence that it will be processed properly.
However, many professional employer organizations (PEOs) – especially certified PEOs (CPEOs) – do not want payroll taxes to flow through the bank of their payroll tax management partner.
That's why we added a "Direct Bank" option for our FlexTax® cloud payroll tax software. This is our way of serving the 900 PEOs across the US that employ 3.7 million employees for 175,000 businesses with annual wages of $176 billion, according to the National Association of Professional Employer Organizations (NAPEO).
With FlexTax Direct Bank, we never touch the payroll taxes of our clients, PEOs, CPEOs or otherwise. You can still guarantee compliance and offload cumbersome, manual, or labor-heavy tasks to us, but without losing the control you need over functions and materials that you need, including your tax account.
More specifically, we ensure payroll tax compliance by managing all tax payment scheduling, tax return preparation and filing. You just need to submit your payroll tax data files, impound tax funds, and submit the payroll taxes.
Learn More about FlexTax Direct Bank
Stop by and see us at the CyberPay User Group (CPUG) Conference 2018. You will learn everything there is to know about FlexTax Direct Bank, why we are the only payroll tax management company that offers this option, and our other payroll tax management offerings. You can also learn about ACH payroll processing and time and attendance best practices from our sister companies, Cachet Financial Services and Time Rack.
Lastly, here is a side-by-side comparison of FlexTax, FlexTax Direct Bank, and FlexTax Hosted for PEOs and ASOs, which provides additional details on the differences between them.