Bank of America and Intuit Launch Intuit Full Service Payroll for Small Business Customers

Bank of America and Intuit Inc. announced the availability of Intuit Full Service Payroll for Bank of America small business customers. This service simplifies small business owners' lives by doing their employee payroll and payroll taxes. With Intuit Full Service Payroll, small business owners can have peace of mind when managing payroll, dedicating more time to running and growing their business.

Key Takeaways:

• Intuit Full Service Payroll provides guaranteed error-free paychecks and payroll taxes, as well as a team of experts to address any number of payroll issues.
• The service offers a number of benefits to Bank of America small business customers, including 100-percent accuracy of federal, state, and local tax withholdings, expert availability, online compatibility, and error check.
• Intuit Full Service Payroll is available to Bank of America small business customers, with a dedicated team of U.S.-based payroll experts to manage customers' payroll from start to finish.
• The service provides a number of benefits to Bank of America small business customers, including reduced rates on lines of credit, retirement account benefits, additional bonus points or cash back on credit and charge card purchases, and higher rates on savings accounts.
• Bank of America has also enhanced small business products such as Business Advantage checking and Business Fundamentals with Business Economy checking.
• Intuit is investing $37 million in products and services, including Intuit Payroll offerings, to promote high-growth entrepreneurship across the country.
• Intuit publishes the Intuit Small Business Employment Index, which shows that small businesses with fewer than 20 employees have created 720,000 jobs since October 2009.

Statistics:

• 100% accuracy of federal, state, and local tax withholdings
• 8,300 local businesses have been served by the CDFI grant program
• 78,000 jobs have been created and retained by small businesses served by the CDFI grant program
• $82 million in low-cost capital has been unlocked for small businesses through the CDFI grant program
• 1,000 small business bankers have been hired by Bank of America to serve as a dedicated resource for small business owners
• 4 million small business owners are served by Bank of America

Sources:

• "Bank of America and Intuit Launch Intuit Full Service Payroll for Small Business Customers" (M2 PRESSWIRE via COMTEX)
• Bank of America (www.bankofamerica.com)
• Intuit Inc. (www.intuit.com)
• "Startup America Partnership" (startupamerica.org)
• "Intuit Small Business Employment Index" (www.intuit.com/smallbusinessemploymentindex)