Overview of OnPay Benefits

Proper payroll management is fundamental in keeping a business going. It’s a crucial business aspect that requires special attention due to the particular legal processes involved. OnPay can help you in confidently dealing with such matters as it offers a wide array of features and tools with valuable benefits for your payroll processes. Here are the details:

Efficient employee management

Online Access and Employee Self On-boarding enable your employees to enter their own personal data, make changes, and retrieve their own paystubs and tax forms. This saves your time so you can focus on your high-level tasks. If you have new hires, the software provides a checklist and notifies you of reporting needs and documentary requirements for the government.

Employees have Lifetime Accounts which means even if they’re no longer working for you, they can still access their pay stubs and W-2 forms online. It caters to a wide range of employee types including contractors, salaried employees, hourly workers, tipped workers, and agricultural workers. Handling special tax filings for nonprofits and clergies are also covered. Furthermore, it streamlines paying wages through various methods such as direct deposit, pre-paid debit cards, and checks.

Streamline payroll processes

One of the software’s most valuable features is allowing unlimited pay runs. It’s the software’s endeavor to allow businesses to run their payrolls according to their arrangements without having to face extra charges. This includes making corrections and canceling a pay run.

Information inputted by your employees is saved in a vault so there will be no need for time-consuming data entry. The fast-loading and user-friendly interface is designed to let you process your payrolls quickly and conveniently.

Fortify payroll compliance

OnPay has been in the business for three decades so they already know the dos and don’ts in handling payroll taxes. They take care of IRS and your state when running payroll, calculating taxes, paying them, and filing all tax forms. In fact, they have faith in their platform not to make errors that if they mess up, they pledge to be held liable and cover the fines for you. For any questions, they offer Certified Payroll Professionals whom you can call from 9 AM to 8 PM ET on weekdays to handle and answer your inquiries so you’ll avoid inaccuracies and oversights in your payroll taxes.

Facilitate HR processes

Storing documents and taking notes let you stay on top of your payroll tasks. OnPay enables advanced note-taking with image and document attachments. Users can also add comments, edit, and format the notes. Furthermore, you’ll gain access to an online HR library where you can obtain employee handbook templates and employment laws by state. It also consists of onboarding and offloading, annual reviews, and performance plans, among others. You can also track accrued time with ease for 3-tier PTO, sick, and vacation accruals. It has an unlimited number of policies and three-time periods for every policy.

Simplify Health Insurance Benefits

Administer health insurance benefits with OnPay’s nationwide availability. You’ll be working with licensed insurance brokers to help you understand the benefits better, especially when it comes to the medical, dental, and vision offerings. Since it’s integrated into the payroll, calculating for it is streamlined. You’ll also have the option to choose plans from different price points that work well for your company and your employees. Researching and generating quotes are available at no additional fee.

Optimize 401(k) Benefits

401(k) is a retirement plan that’s funded through pre-tax payroll deductions. OnPay lets you have an integrated experience by automating withholdings equipped with secure harbor plans and contribution matching. Investment management is done for free. Your employees are also given 401k(k) onboarding and education to let them understand better this special type of account and how it benefits them.

Cost-effective solution

OnPay has an inexpensive price point for their subscription plans while not neglecting on features with a multitude of integrations and government compliance. It’s also scalable when your business grows which lets you only pay for features that you actually need at a certain time. It doesn’t charge fees for changing plans, cancellations, annual fees, direct deposits, debit cards, and personal check printing, and withholding, remitting, and filing payroll taxes.