MOUNTAIN VIEW, Calif. (7/20/12)--Intuit Inc., a small business payroll provider, now offers a free payroll app for iPhone, iPad and iPod touch that simplifies paycheck calculations for new employers and small businesses that process payroll by hand.
Snap Payroll frees payroll professionals from relying on a spreadsheet and their own math skills to determine the appropriate pay and how much to deduct for taxes. It lets employers calculate paychecks away from their desktops.
The app provides guidance to the 31% of small businesses that are processing payroll manually as well as first-time employers who don't know where to begin. The tool is always updated with the latest tax rates, Intuit said.
Employers enter the hours employee hours worked and pay rates and the app does the math. It also keeps a record of paycheck history and includes federal and state tax withholding forms.
The Snap Payroll app is available for free from the App Store on iPhone, iPad and iPod touch in the iTunes App Store. So far it supports employers in Alaska, California, Florida, Illinois, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington and Wyoming.
Intuit provides business and management solutions for businesses and financial institutions, including credit unions.
The Credit Union National Association (CUNA) and credit unions are urging the U.S. Congress to increase credit unions' member business lending (MBL) cap to 27.5% of assets from 12.25%. Doing so would open up more opportunity to offer MBLs, inject $13 billion in business loans into the economy and create as many as 140,000 new jobs, with no cost to taxpayers, CUNA said.