Paychex officials report that while the new law means big changes, the company has processes in place to implement the necessary adjustments for existing as well as new clients in a timely and accurate manner.
Provisions under the American Recovery and Reinvestment Act of 2009 that may have a significant impact on businesses include:
Paychex also is continuing to monitor the additional economic proposals under consideration:
"This can be a confusing time for small business owners, who suddenly find themselves trying to understand what they need to do to comply with the stimulus plan's provisions. They also need to determine whether the way they currently process payroll and administer HR can meet these new demands," said Walter Turek, Paychex senior vice president of sales and marketing. "By turning to Paychex, a leader in the payroll and HR industry, small businesses can be confident they're covered. Our experts know the legislation inside and out and are uniquely positioned to help business owners understand how it affects them and their employees."
"Now that the stimulus plan has been signed into law, we can anticipate many changes in the way small businesses will need to handle payroll and HR," said Marty Mucci, Paychex senior vice president of operations. "Paychex clients can rest assured. Regardless of how many changes this plan will require, Paychex will continue to take care of our clients' human resource and payroll needs so they can focus on running their business."
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