News Releases
Within Hours of Release, Paychex Updates HCM Platform to Reflect New 2018 Withholding Tables
January 12, 2018
With the Internal Revenue Service (IRS) releasing updated tax withholding tables for 2018 on Thursday afternoon in response to the Tax Cuts and Jobs Act, Paychex, Inc., a leading provider of human capital management (HCM) solutions for payroll, HR, retirement, and insurance services, announced it had updated its HCM platform, Paychex Flex®, by the start of business Friday morning to reflect the new withholding rates.
Paychex Expands Solutions Designed to Streamline Payroll for Restaurant Owners and Employees
January 9, 2018
Expanding its commitment to delivering superior technology and service solutions to help restaurants across the U.S. better manage payroll and HR obligations, Paychex, Inc., a leading provider of integrated human capital management solutions, today announced its offering of Netspend’s Tip Network, streamlining the process for paying tipped employees. In conjunction with a paycard, Tip Network allows restaurants to track employees’ tips, calculate tip sharing and pooling amounts, and distribute tips electronically at the end of a shift, helping to manage tips more efficiently and accurately than ever before.
Paychex Identifies the Top 10 Regulatory Issues for Small Businesses in 2018
January 8, 2018
Paychex, Inc., a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to mid-sized businesses, today identified the top 10 regulatory issues that small business owners should be aware of in 2018. The list outlines the current regulations business owners must follow and the anticipated changes that should be considered as they plan for the year ahead.
Paychex - IHS Markit Small Business Employment Watch: Small Business Job Growth Slows to End 2017; Hourly Earnings Average Increase of 2.85 Percent for the Year
January 2, 2018
The Paychex | IHS Markit Small Business Employment Watch closed the year with a decline in small business job growth and wages up over the previous year. The Small Business Jobs Index stands at 99.70 in December, down 0.16 percent for the month and 0.78 percent for the year. At $26.14, hourly earnings in December gained 2.76 percent ($0.70) YOY and averaged a growth rate of 2.85 percent for 2017, up from the 2016 average of 2.75 percent. Read the full news release.
Paychex Receives 2017 Silver Alexander Hamilton Award for Excellence in Operational Risk Management and Insurance
December 27, 2017
Paychex, Inc., a leading provider of human capital management solutions for payroll, HR, retirement, and insurance services, has again been recognized by Treasury and Risk magazine, earning a 2017 Silver Alexander Hamilton Award for Excellence in Operational Risk Management and Insurance. Each year the publication highlights industry thought leaders’ innovative and creative treasury, finance, or risk management solutions in seven categories.
Paychex Offers Resources and Highlights Solutions to Help Small Businesses Address Tax Reform
December 21, 2017
The House voted on Wednesday to approve the final tax plan, ushering in the most comprehensive tax reform legislation in more than two decades. Paychex, Inc., a leading provider of human capital management solutions for payroll, HR, retirement, and insurance services, is poised to help business owners implement the provisions of the bill and offer solutions to manage payroll tax obligations.