Related Topics View additional topics related to payroll processing in Costpoint. Related Topics:Direct Deposit of Payroll In order to improve customer service and reduce the customer and banking costs inherent in paper transaction processing, the banking industry has developed an electronic means of transferring funds, the central component of which is the Automated Clearing House (ACH). Processing the Payroll The following step-by-step narrative sets forth the general order of the necessary procedures that comprise Costpoint's payroll processing function. Setting Up Excess Group Life Insurance Deductions Premiums paid for employees for life insurance policies whose value is in excess of $50,000 are taxable. W-2 Processing Carefully review the IRS instructions for Form W-2. If you never filed W-2s before, stop here and read the IRS instructions before continuing any further. Multi-State Taxes Multi-state taxes enable employees to report when they work in various states during one pay period and be taxed appropriately. Parent Topic: Payroll HomePeoplePayrollRelated Topics
Related Topics View additional topics related to payroll processing in Costpoint. Related Topics:Direct Deposit of Payroll In order to improve customer service and reduce the customer and banking costs inherent in paper transaction processing, the banking industry has developed an electronic means of transferring funds, the central component of which is the Automated Clearing House (ACH). Processing the Payroll The following step-by-step narrative sets forth the general order of the necessary procedures that comprise Costpoint's payroll processing function. Setting Up Excess Group Life Insurance Deductions Premiums paid for employees for life insurance policies whose value is in excess of $50,000 are taxable. W-2 Processing Carefully review the IRS instructions for Form W-2. If you never filed W-2s before, stop here and read the IRS instructions before continuing any further. Multi-State Taxes Multi-state taxes enable employees to report when they work in various states during one pay period and be taxed appropriately. Parent Topic: Payroll HomePeoplePayrollRelated Topics