Arvest Bank Announces New Online Payroll Service

Wednesday, April 10 at 10:15 AM
Category: Business Banking

Arvest Bank is now offering small business customers a new online payroll service which helps subscribers handle payroll processing. The service includes calculating employee wages and deductions, as well as deducting, depositing and filing federal, state and local taxes, among other features.

LOWELL, Ark. -- Arvest Bank today announced it is offering its small business customers a complete online payroll service through an agreement with SurePayroll, Inc.,* a Paychex company. The service is available through ArvestBiz.com, Arvest’s online resource for small businesses.

Arvest’s Business Online Payroll focuses exclusively on online payroll processing for small businesses. Business Online Payroll helps subscribers to this service handle all aspects of payroll processing, including calculating employee wages and deductions, as well as deducting, depositing and filing all federal, state and local taxes. Business Online Payroll tracks employee benefits, and subscribers can pay employees either by direct deposit or by check.  The service also provides comprehensive online reports that are readily accessible to small business owners and helps to prevent IRS penalties and handle IRS notices. 

For any small business, the time and logistics of payroll administration can be a great challenge. Payroll is a critical process, as it is essential for companies to pay their employees correctly and in timely fashion in order to retain them and ultimately, run their business. Managing payroll means keeping up with additional regulatory and compliance issues. If small business owners find themselves dedicating more time than they can afford to managing payroll, it may be time to consider a payroll service that will help make payroll a simple and streamlined process. 

“Payroll can be an overwhelming task for small business owners, especially when you start thinking about all the taxes and compliance issues that go along with it,” said Susan Craig, Arvest Bank director of Treasury Management. “We always want to provide our business customers with the resources they need to operate effectively and meet their goals. Our new Business Online Payroll is another tool our customers can utilize in order to do that.”

So, how exactly does Arvest’s Online Business Payroll work? This service provides Arvest Bank customers the ability to handle their payroll in-house, and it can be integrated with current customers' online banking information so all their accounts and payroll information are available to them in one place. The service costs only $54.99 per month for business with up to ten employees; there is an additional cost of $1.50 per month for each employee over ten.

For more information on Business Online Payroll, visit www.ArvestBiz.com.

The views of this article are for general information use only. Please contact and speak with a subject expert or your banker when specific advice is needed. Find articles like this and much more in the online Arvest Biz Center. Links marked with * go to a third-party site not operated or endorsed by Arvest Bank, an FDIC-insured institution.

Tags: Arvest Biz, Business Banking, Cash Management, Managing Employees
Tax Advisory Services on 4/25/2013 at 11:07 AM
This is really a nice initiative taken by the bank. Happy to hear about that.

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