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Can Payroll Services Handle Direct Deposit?

Patriot Software

Most employers handle direct deposit through their payroll software. Payroll services calculate employees’ wages, taxes and deductions, and take-home pay. […] Read More Direct deposit is a convenient payment method for employees, who receive their paycheck quickly and securely on payday.

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Payroll Services Mailbag: Third-party payroll, taxable perks and more

Business Management Daily

Since this is a noncash perk, you’ll have to impute the amount into employees’ cash income, withhold on the total and subtract out the taxes withheld and the imputed income to arrive at their take-home pay.