FAQ
FAQ's - Frequently
Asked Questions
Here are a some of the most frequently asked questions we get. To
access the answer just click on the question. If we missed one that you
specifically have, please send us an email click here.
Thank you for your interest in eOutsource Group.
1. 8.45% Employer Tax Savings on employee Pre-tax deductions who
gets them?
- As a client of eOutsource Group you will receive the employer tax savings
of 8.45% on pre-tax items an employee chooses. It is important to
understand that currently you may fall into one of two different
situations. See below to understand which one fits you specifically.
Situation 1- You are currently the employer of record.
All tax filings are being filed under your FEIN (Federal Employer
Identification Number). Then nothing will change for you by using our
services. You should be receiving the employer tax savings currently if
not then you fall into Situation 2.
Situation 2 - You are currently using some form of Service Provider
like an Employee Leasing or PEO arrangement where, under this type of
arrangement, your employees are considered the employees of the Service
Provider for tax purposes. The Service Provider is filing the
taxes as if the employees were theirs. In this situation the Service Provider
is receiving the 8.45% employer tax savings and usually charges you, the client, the whole tax amount. By
using eOutsource Group you would now benefit from the 8.45% employer tax
savings since we file everything under your FEIN, in short your tax
requirement will be reduced. In theory, having a savings now
that you were not getting before, the net result would mean the fees for our
service are less with the same expense you had before.
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2. How long does it take before I can have my first payroll?
- We like to give it time to insure that all documentation is properly
completed to make the move to our service as smooth as possible for you and
your employees. Therefore, we usually ask for two weeks lead time from
the time a contract is signed before first payroll. For businesses with more
than 45 employees this time may take a little longer.
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3. Why is everything on direct deposit?
- Our service is designed around 5 core principals that you will benefit by:
- Control - You are in control at all times
- Time - Our service is designed to save you time so you can focus
on your business
- Convenience - By using the internet and direct deposit it is
convenient for you to process payroll anytime-anywhere.
- Compliance - Our service is designed to keep you compliant
- Simple & Easy - We have made it simple and easy for you and
your employees to use so all of you can stay more focused on what matter
most, your business.
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4. Why should I use the debit card for my employees that don't have bank
accounts?
- Using the debit card will:
- Eliminate check fraud
- Reduce your payroll funds disbursement cost
- Ease administrative efficiency
- Provide cardholder convenience and flexibility
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5. Can I use the debit card for all of my employees?
- YES for all the reasons stated in # 4 above
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6. You say you are a paperless payroll system. Can I get a check if I need
one?
- YES- if it is absolutely necessary we can process a check for you. By
using the Debit Card program, we offer, we have made the termination process
and final pay requirements easier and safer for you and your employee.
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7. How do you handle termination with a the last check in a paperless payroll
system?
- Since the employee has a debit card, which provides direct deposit, you
simply process the amount for the last check just like regular payroll and
advise the employee when you terminate them that the funds have been put on
their debit card.
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8. Can I put some additional documents in my eClient Center.
- Yes-just provide us the documents in PDF format and we will put them on
the site for you.
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