NEW YORK -- Newtek Business Services, Inc. is adding payroll services to its list of offerings.
The new service will manage common employer needs, including paying employees, managing checks and direct deposits, and dealing with taxes. Users will now be able to log on record hours and payroll data and submit it, so that checks, stubs and direct deposits arrive on payday, according to Newtek.
"Obviously outsourced payroll solutions are and have been a staple product for the small business community year in and year out," said Barry Sloane, chairman and CEO of Newtek Business Services, adding the company's new payroll services can be used at small businesses with as few as one to five employees to those with 500 employees.
Newtek serves a number of credit unions and state leagues offering business lending, electronic payment processing, insurance services, Web hosting, design and development, outsourced digital bookkeeping, tax services, data backup and retrieval and business plan preparation.