Reminder of Standard Payroll Processing Schedule
As a reminder, the standard payroll processing schedule is to submit payroll to us by 1:00 pm, 2 business banking days prior to your check date. Payrolls submitted later are subject to rush processing fees. Please reach out to your CSR with questions.
Update on Employee Retention Credit (ERC)
With the signing of the Infrastructure Investment and Jobs Act, Employee Retention Credits are retroactively end dated as of September 30, 2021. We have helped employers receive credits totaling over $80 million, and more are still be calculated for the eligible period of March 2020 – September 2021. If you feel you may be eligible for credits, reach out to your CSR at firstname.lastname@example.org to schedule a call to learn more.
NACHA Operating Rules Reminders 2021-22
Each client authorizing PayNW to create and transmit ACH transactions is required to comply with the NACHA Operating Rules as stated within the ACH Services Addendum between PayNW and the client. The National Automated Clearing House Association (NACHA) is the rule making body governing the ACH network; therefore, all participants of the ACH network must comply with these Rules.
NACHA rules specific to client originators include:
- Client agrees not to provide any payroll information or entries which violate the laws or regulations of the United States or of any state in which Client does business
- Client agrees to be in compliance with all NACHA operating rules and guidelines
- PayNW and its Originating Depository Financial Institution (ODFI) maintain the right to audit NACHA compliance and to terminate or suspend the ACH relationship for noncompliance with NACHA operating rules and guidelines
Stay up-to-date with the most current NACHA Rules. The NACHA Rules are available online by setting up a user account. Visit the NACHA Rules Online by clicking here.