Payroll SaaS Firm Mobilizes The Tax Reporting Burden

Payroll Software-as-a-Service firm Business Software, Inc. (BSI) has taken its services to the cloud to ease the burden of paycheck issuing and tax reporting for businesses. Now, the company has revealed a way to ease the friction of payroll tax reporting even further: taking it mobile.

In an announcement Friday (Sept. 4), BSI said it has extended its tax withholding and exemption certificates services for its eFormsFactory tool for mobile devices. That means business users can use these tax forms on eFormsFactory on their mobile device. The service is compatible with Windows, Apple, Android and others, the company said.

“This new offering gives employees more options as to how and where they can access and complete or update their forms,” said BSI VP of Operations Russell Rindik. “In today’s rapidly changing world of technology, it is key to be able to provide the flexibility customers seek when it comes to software solutions.”

BSI added that it provides a mobile connection for business owners that can already access eFormsFactory’s services of a self-serve payroll tax solution, which integrates into existing payroll systems.

Payroll technology providers have been focusing their innovations on the challenges and hurdles of payroll that have emerged in a modern market. In addition to providing mobile solutions, companies have introduced solutions for cross-border payroll, solving issues of overseas compliance and foreign exchange, as well as payroll software tools for employees with many temporary workers in need of efficient onboarding and offboarding payroll solutions.

Analysts say cloud-based solutions are key to these innovations. But research from Software Advice released earlier this year said that small businesses are not convinced that cloud-based financial systems like payroll are secure enough to use.

For the SMEs that already use cloud-based payroll, however, analysts found that the majority of them are “very confident” in the security of their systems.

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