OUR SERVICES

Here are just some highlights of our services, but we customize to meet each business’ needs.

Payroll

It’s PayDay’s payroll model is designed to provide small businesses like yours with exactly the support you need:

Automatic Payroll & Taxes
If you want to set it and forget it, we are here to provide automated payroll and updated compliance services to keep your business running smoothly.

Responsive Service Representative
If you want hands-on service or a human touch, our long-standing, dedicated payroll experts are at your call to answer any question or fix any problem.

Employee Self-Service
Online payroll software, mobile payroll app, and On-The-Clock digital time and attendance make logging hours, getting paid, and running reports fast and easy.

Connected Partnerships
Our primary goal is to help you focus on the profitable operations of your business. Our execution and expertise allows you to tackle your challenges in less time and at a lower cost than you could do on your own. We do this by providing integrated outsourcing options for HR & Compliance, Time & Attendance, Worker’s Comp and Insurance. Find out how we can make your business more effective, compliant and profitable.

Your private information is secure and in the hands of experts at It’s PayDay, we will:

▻ Prepare and file 941 quarterlies with the IRS

▻ Prepare state unemployment tax returns and file with the appropriate state agencies

▻ Allow clients to track all federal deposits made on your behalf

▻ Deposit Federal unemployment tax payments electronically

▻ Prepare and file state and local withholding tax returns

▻ Prepare and file 940 Federal Unemployment Tax returns with the IRS

▻ Provide and file 1099 forms (employee and employer copies)

▻ Prepare all W-2s and file with the Social Security Administration

▻ Prepare and file state and local annual tax reconciliation

▻ Generate quarter and year-end reports

ThinkHR

We know our clients have more important things to do than spend hours researching HR, compliance, ACA, FMLA, COBRA or many of the other issues that arise every week. As a service to our clients, It’s PayDay has partnered with ThinkHR to give unlimited access to HR professionals, training materials and peace of mind.

Expert Advisors: ThinkHR Live

  • If you need more than the free online HR resources, we also offer access to live HR experts to provide accurate, actionable advice. ThinkHR’s certified advisors live in the world of HR solutions and they’re standing by to answer questions, provide guidance, and follow up with research to resolve issues.

Employee Training: ThinkHR Learn

Train and update teams with more than 200 current courses that mitigate legal risk, maintain compliance and enhance employee engagement. Of course, we include an intuitive dashboard that makes it easy for you to administer and track usage.

Compliance Tools: ThinkHR Comply

Up-to-date forms, checklists, and tools that employers need to maintain compliance. Be confident that the latest information is here.

Benefits Document Creator: ThinkHR Benefits Compliance Suite

Generating custom, compliant benefit plan documents and non-discrimination tests is time-consuming and expensive. Use ThinkHR’s comprehensive, easy-to-use wizard to simplify and de-risk this work.

Already a ThinkHR Member? Login Here

 

Automated Time and Attendance

TimeWorksPlus simplifies time tracking so you can spend less time processing payroll. As your employees log time on their tablets, mobile phones or computers—or with one of our plug-and-play time clocks—you’ll eliminate messy time sheets and manual processes. TimeworksPlus precisely captures employees’ hours and earnings, automatically calculates regular and overtime, eliminates “payroll inflation” due to generous employee rounding, and seamlessly integrates with It’s PayDay’s payroll solution.

Benefits for everyone.

See how TimeWorksPlus can benefit managers, labor supervisors and employees. With intelligent clocks and integrated services, everyone wins!

By eliminating the time that is required to manually total time card data, the cost of human error, and the large expense associated with employee time theft, our simple and affordable solution is an excellent investment for any company.

Pay-as-you-go Workers’ Compensation Insurance

Every business owner knows that workers’ compensation premium payments can be a headache. Constant changes in staff, extra employees for peak seasons, trying to find replacement workers – all contribute to the fact that you don’t have time to manually update your premium estimates.

At It’s PayDay, we understand the pressures of your business. That’s why we’ve come up with a solution – XactPAY® – the perfect way to take the hassle out of workers’ compensation premium payments.

Add up the benefits of XactPAY®

XactPAY® has been designed to increase your cash flow while helping to minimize large, unexpected payments following a premium audit. When you purchase a Hartford workers’ compensation policy, you can enjoy these benefits from XactPAY®:

▻ Eliminate large down payment at the beginning of the policy year

▻ Achieve better cash flow management

▻ Freedom from writing checks

▻ Freedom from finance and billing fees

▻ Helps minimize audit adjustments at the end of the policy year

Here’s How

Our preferred partnership with The Hartford allows you to pay your workers’ compensation premiums based on your actual payroll – one payroll period at a time. This eliminates the need for large estimated down payments, and helps to minimize the likelihood of a large audit payment due at the end of the policy year. The process is seamlessly integrated with the payroll services you already enjoy. When you purchase a workers’ compensation policy from The Hartford, XactPAY® automatically calculates your workers’ compensation costs and premium payments – no guesswork!

CALL TODAY!

To learn more about the benefits of XactPAY® and to get started call 410.879.5200 and speak with a It’s PayDay representative today! It’s one of the easiest ways to improve your company’s cash flow.

Through our partnership with National Crime Search (NCS), we now provide our customers access to a simple and affordable background screening solution.

National Crime Search (NCS)

It’s PayDay offers full service background searches through our partnership with National Crime Search (NCS). NCS is a nationwide provider of background checks for employers, senior care providers, non-profit organizations, and property management companies.

Background checks can help you protect your business and help reduce fines and penalties. Through our partnership with National Crime Search (NCS), It’s PayDay offers instant and affordable background checks. Our partnership provides you with secure and instant access to a web-based national criminal and sex offender directory. This directory includes over 507 million criminal records covering all 50 states plus the District of Columbia.

NCS is committed to providing a high quality, low cost, complete solution tailored to meet your criminal background check needs. The system is fast and easy to use allowing for immediate results.

Full Service Background Checks

▻ Instant National Criminal Searches

▻ Multi-State Sex & Violent Offenders Search

▻ County Criminal History

▻ Motor Vehicle Records

▻ Employment Credit Reports

▻ Social Security Verification & Address Tracker

▻ Healthcare Industry Search Services

▻ Tenant Screening

▻ Volunteer Screening

ESSENTIAL BACKGROUND SEARCHES INCLUDING SECURE AND INSTANT ACCESS TO A WEB-BASED NATIONAL CRIMINAL AND SEX OFFENDER DIRECTORY.

Additional Services

Call It’s PayDay at 410-879-5200 for more information & details on any of the services below!

Employee Self-Service Portal

Let employees view check stubs, W2s and update tax info from their web portal.
*Low-cost flat per-pay

TimeClock

Save time, money and the headache by allowing employees to view time card, punches, track overtime & Punch in - out.

Direct Deposit

No more paper checks, pay can be split between bank accounts, no lost, stolen or damaged checks.

Stuff Checks

Privacy & Security + One less thing to do - let your payroll processor put checks into envelopes for payroll delivery.

Background Checks

Less employee turnover, protect your assets with proper documentation of records, reduce fines & penalties.

Signature Scans

Don't worry about signing dozens of checks, sign once & we'll import your signature to your checks.

Worker's Comp

Eliminate large down payment at the beginning of the policy year, better cash flow management.

Remote Entry Payroll

We offer a secure Internet based web option that allows you to key payroll & access reports from any location.

Multi-Factor Authentication

Protect valuable payroll & W2 information from hackers. Alerts to your device; safeguard fraudulent activity.

Frequently Asked Questions

Becoming a new employer is a process. For many startup business owners, hiring new employees can be stressful. Here are some payroll questions to ask when getting started as an employer.

EIN stands for Employer Identification Number. The IRS assigns you an EIN so you can identify your business on different tax documents. Like a Social Security number, an EIN is a taxpayer identification number. When you become an employer, you need to apply for an EIN. You can obtain an EIN by applying online or faxing/mailing Form SS-4 to the IRS.

There are many terms associated with running payroll. Here are a few payroll terms you should familiarize yourself with:

  • Compensation: Everything you give employees in exchange for their work, like wages, bonuses, and small business employee benefits.
  • Deduction: The money you withhold from an employee’s wages for taxes, benefits, etc.
  • Gross wages: An employee’s wages before deductions.
  • Net wages: An employee’s wages after deductions are taken out.

Direct deposit is one type of payment you can offer employees. It is used by 82% of workers, making it the most popular payment method. Many business owners like direct deposit because it is convenient. You can pay employees without having to hand them a physical check, which also makes it a safe payment option. You don’t need to worry about employees losing paychecks with sensitive business information. Some states let employers implement mandatory direct deposit.

Supplemental wages are dollars you give employees in addition to regular wages. A few examples of supplemental wages are bonus payments, commissions, and severance pay. Because supplemental pay is not part of an employee’s regular wages, you withhold taxes differently from them. You can choose between the percentage and aggregate methods. With the percentage method, you must withhold a flat rate of 25% on the employee’s supplemental wages. With the aggregate method, you must add the employee’s supplemental wages to their regular wages and withhold tax from the updated tax bracket.

As an employer, you are not off the hook when it comes to taxes. But, how you pay taxes depends on your business structure. If you are incorporated and receive a salary, payroll and income taxes are deducted from your gross wages. If you are self-employed, you do not receive a salary, but you still need to pay taxes on your income. Instead of FICA tax, you must pay self-employment tax. With self-employment tax, you pay the entire 15.3% for Social Security and Medicare taxes. And, you need to pay income tax. Self-employed individuals pay estimated taxes, which includes both self-employment and income taxes.

FSAs (flexible spending accounts) and HSAs (health savings accounts) are great benefits you can offer employees. While both are healthcare plans that reduce an employee’s income tax liability, you need to understand the difference between FSA vs. HSA. Employees can contribute up to $2,650 per year to their FSAs and $3,450 for self-only coverage / $6,900 for family coverage to their HSAs in 2018. There are other differences, including ownership, eligibility to contribute, access to money, rollover rules, and more.

All employees are required to fill out Form W-4, Employee’s Withholding Allowance Certificate, and Form I-9, Employment Eligibility Verification, before they can start working at a business. Use Form W-4 to determine how much to withhold from an employee’s wages for federal income tax. Use Form I-9 to verify that an employee is legally allowed to work in the United States. Employees might also need to fill out state tax withholding forms, benefits forms, and more.

Filing forms needs to become second nature when you run a business. The most common forms you should keep track of include:

  • Form W-2, Wage and Tax Statement: Create a form for each employee you paid wages to. Send a copy of this form to the Social Security Administration; state, city, or local tax departments (if required); and to the employee by January 31. You also need to keep a copy for your records.
  • Form W-3, Transmittal of Wage and Tax Statements: This is a form that summarizes your Forms W-2. Send Form W-3 to the Social Security Administration along with Forms W-2 by January 31.
  • Form 940, Employer’s Annual Federal Unemployment: File this form annually to report your FUTA tax payments.
  • Form 941, Employer’s Quarterly Federal Tax Return: Report federal income and payroll taxes on this form quarterly OR
  • Form 944, Employer’s Annual Federal Tax Return: An alternate to Form 941, file this once a year to report federal income and payroll taxes. You can only use this form if the IRS notifies you.

Hanging onto records is also part of being a small business employer. You need to keep all payroll records for at least three years, according to the FLSA. And, you must keep all records of employment taxes for at least four years after filing the fourth quarter of the year, according to the IRS. Basically, your payroll record retention should last for a long, long time.

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