PAYROLL ONLY SERVICE
For some companies a Payroll Only service may be a better option. Allegiant Management Corporation (AMC Payroll Service) services our Payroll Only clients. Payroll Only can have a lower per check cost but additional services are charged as they are used. Because charges are based on usage, your costs could become higher than a leasing service. With Payroll Only Service, the payroll reporting responsibility remains with the client company and AMC acts as the third party agent to make payments and file reports on behalf of the client. The client company is required to provide AMC all account numbers, set up third party access to accounts, provide tax rates and updates, and provide banking information for related tax payments.
Payroll Only clients are required to carry their own workers’ compensation policy. AMC can provide billing and payment services upon request.
Where an employee leasing client would see one bank draft for each pay cycle, Payroll Only clients will have several drafts related to each tax liability as they are paid. Net checks and direct deposits are typically drawn on the client’s bank account.
AMC Payroll Service can issue checks and direct deposits on their own bank upon request. This can help streamline bank reconciliations for the client company.