SurePayroll One of the First Payroll Providers Given “IRS Approved Payroll Provider” Status

Chicago - August 23, 2004 – The Internal Revenue Service has entered into a partnership agreement with SurePayroll to foster electronic filing. The agreement recognizes SurePayroll as an approved IRS e-file for Business Partner. Taxpayers interested in working with an approved IRS e-file partner can now find a link to SurePayroll’s Web site on the IRS Web site.

SurePayroll President Michael Alter says he is pleased the IRS is recognizing SurePayroll’s commitment to the e-filing process.

"Our company has been using the IRS’ electronic filing technology since we introduced the industry’s first online payroll service, and we have continued to embrace it as it has become more robust," says Alter. "We are pleased the IRS has recognized our strong commitment to electronic filing and to reducing the paperwork that burdens so many of our nation’s small businesses."

SurePayroll was the first company to introduce online payroll processing and is currently the market leader, with over 12,000 customers and over $2.5 billion in payments processed annually for small business employees and contractors. The company’s solution allows small businesses to log in to a secure Web site and process payroll anytime, anywhere via a Web browser. The payroll process is simple, affordable and reliable, and can be completed in just minutes.

Formal approval by the IRS is a signal to SurePayroll customers that SurePayroll is a leader in electronic payroll processing. The company supports e-filing of all federal forms that can currently be e-filed, including Forms 940, 941, W-2 and 1099-MISC. SurePayroll also offers direct deposit and guarantees electronic federal tax payments.

Electronic payroll processing is fast and economical with no delays in sending payments. Leveraging e-filing technology enhances SurePayroll customer convenience by allowing them to process payroll 24 hours a day, seven days a week, from office or home. In contrast, traditional payroll service providers often require payroll to be called in at a specific time on a specific day, which can be problematic for small business owners who need flexibility.

Electronic filing greatly reduces the chances of payroll errors. Because of SurePayroll’s proprietary technology and use of advanced technology enabled by the IRS, the company can assume all liability for errors, eliminating payroll penalties to customers. This is an enormous savings for small business, as payroll fines average $845 annually and are incurred by 40 percent of America’s small businesses.

The use of electronic filing and direct deposit also lets SurePayroll eliminate many costs that are inherent in traditional offline payroll processing. As a result, SurePayroll offers outsourced payroll processing at prices that are 30 percent to 50 percent less than the industry average.

About SurePayroll:
Privately held SurePayroll is America's fifth largest payroll provider and the nation's largest online payroll provider. Catering exclusively to the needs of small businesses, SurePayroll provides a simple, reliable and economical way to process payroll in minutes via the Internet. In addition to providing payroll services directly to small business, SurePayroll also provides a private-label payroll service that allows SurePayroll’s numerous partners to offer payroll processing to their small business clients. Business partners include Wells Fargo and ABN AMRO. For more information, visit www.surepayroll.com.

For Media Inquiries Contact:
Charlie Jolie
Walker Sands Communications
www.walkersands.com
Phone: (312) 207-1190, ext. 110
Email: surepayroll-inquiries@walkersands.com

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