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Income Tax Launches New Bank Payroll Software

2014 Payroll Mate payroll software helps banks and credit unions save time and money by providing robust payroll processing tools for employees and contractors at an unbeatable price

Payroll and 1099 solutions developer, Real Business Solutions, has launched a new edition of its Payroll Mate software that is designed to help banks, credit unions and other financial institutions process payroll for their employees and clients. The customizable payroll system offers easy compliance, affordable pricing and fast processing.

Starting at $99, a small bank or credit union will be able to process payroll for up to 10 separate companies, with up to 75 employees per company for one calendar year. Higher-volume users can use additional options that allow processing for  100 or less companies (up to 1,000 employees / company.

Payroll Mate's features include the ability to automatically calculate net pay, federal withholding tax, social security tax, Medicare, state and local payroll taxes. Payroll Mate also supports different types of payroll pay periods, prints checks, prepares payroll forms 941, 943, 940, 944, W-2, W-3, California DE-9, California DE-9C , Texas C-3 , Texas C-4, New York NYS-45, Illinois 941 and Illinois UI-3/40. The payroll software allows unlimited tax categories, pre- and post-tax deductions, and unlimited pay rates per employee making it very flexible and powerful.