Fagen Financial Services Online Payroll
| |Fagen Financial Services Online Payroll |Payroll Software |Traditional Payroll Service |
|Access |You can run payroll from any computer with |You must use the computer where your |You must make yourself available to submit hours |
| |Internet access (OR we can do everything for |accounting/payroll software is installed. |by phone or online. |
| |you, once you send us hours). | | |
|Setup |We do the set up for you, there’s nothing to |Software and tax table updates required. No help|Paper intensive manual process. |
| |install on your end. |with new hire reporting, W-4s, I-9s. | |
|Email Reminders |Timely email reminders remind you of all |Online reminders exist, but they are not |No reminders available. |
| |important deadlines. |automated. | |
|Paycheck calculations |Instant and guaranteed accurate. |Instant and guaranteed accurate (but requires |Paycheck calculations are delayed from the time |
| | |ongoing tax table updates). |you report hours. |
|Direct Deposit |Free |Extra charges apply. |Extra charges apply. |
|Paychecks |Print instantly on blank or pre-printed check |No blank check printing option. |Delivered to your office for an extra fee. |
| |stock – either at our office or yours. | | |
|Tax Impounding |No tax impounding- funds stay in your bank |Depends on service selected. |Taxes are withdrawn on each payday, typically |
| |account until the payment is due. | |several weeks before they are due. |
|Electronic tax payments and |Electronic 940s, 941s, 944s, W-2s, and e-file |Depends on service selected. Electronic |The service takes care of taxes for you, for an |
|filings |for most states (or we provide signature-ready|functionality available for 941s, and very few |extra fee. |
| |forms). |states. | |
|Customer Support |As your trusted advisor, we’re here to help |Extra charges apply. |Included |
| |you whenever you have a question. | | |
|Export |Easy data download to QuickBooks®, QuickBooks |Works only with the accounting software you use.|Downloads data to accounting software, but as |
| |Online, QuickBooks® for Mac, Microsoft Money®,| |journal lump-sum. There are no split level |
| |Peachtree® and Quicken®. | |details available. |
|Price |Pricing is structured on a base plus per |Pricing can vary greatly by service selected. |Pricing varies by no. of employees and payroll |
| |employee charge. Only additional charges are |Additional fees for direct deposit. |runs. Additional fees for direct deposit, |
| |for W2’s and Quarterlies if we did not provide| |quarterly filings, delivery fees, W-2s etc. |
| |payroll for entire quarter. | | |
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