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Every business needs to take the time to properly process payroll. If you do it incorrectly, you will be fined by the IRS for breaking the official rules. Small businesses can take a huge hit from this and possibly go bankrupt.
That’s why companies should have payroll software. Luckily, there are payroll options perfect for small businesses. Here are 6 of them.
1. Gusto
Gusto, formerly called ZenPayroll, is a payroll service that is accessed through the cloud. The software is for businesses with less than 100 employees. They charge $39 a month and $6 a month for each employee, a low cost compared to other payroll alternatives.
Gusto has an automated payroll feature you can set if you have workers who get salaries. You can also set up workers’ compensation or pay-as-you-go payments. The service has HR onboarding and e-signatures to eliminate the need to keep paper files of your employees.
The payments options include pay card, checks, and direct deposit. All employees have access to their data, W-2s, and paystubs online.
Aside from payroll services, Gusto offers health insurance plans and a retirement savings plan.
2. Intuit
With Intuit Basic, you’ll get payroll processing and tax calculation services for $30 a month and $2 a month per employee. You can also use direct deposit to pay employees.
Intuit Enhanced is $31.20 per month with the same per-employee charge. This software includes tax filing and form completion. The Full-Service tier is $109 a month and adds on payroll setup assistance and a no-penalty guarantee.
Intuit gives you basic HR – an employee list and their data. Workers’ compensation and time tracking can be added to any tier, but it costs extra. Although the service doesn’t offer benefits, it can still take care of monthly deductions.
You can use Intuit Full-Service with QuickBooks, a type of accounting software.
3. CenterPoint
CenterPoint is an online service that lets small businesses automate payroll. The service allows you to customize packages and charges a flat fee. They have pre-defined earning and deduction codes for easy pay setup.
You can set up direct deposit and paychecks, manage employees’ benefits, and allow employees to enter time online. The service also handles taxes and different shift payments.
CenterPoint is an efficient system that helps small businesses automate the payment process.
4. OnPay
OnPay is great for small businesses looking for a straightforward payroll service. It costs $47.95 a month for a business with up to 10 employees. The service does tax filing, check printing, and more.
You also have unlimited pay runs and can implement direct depositing for $8 a month. It’s easy to use and mobile-friendly, which is helpful for busy employers.
It’s possible to stay with OnPay as your business grows. Each employee you add to the system (after your tenth) costs another dollar per month.
5. Wave
Wave is a cloud-based payroll service that simplifies the payroll process. Tax services are offered in eight states – this has a base fee of $35 per month and $4 per employee. The other states that are self-service pay $20 a month and $4 per employee.
Employees can access their information, W-2s, and paystubs online. Tax services include automatic tax filing and payments for state and federal payroll taxes. You can also set up direct deposits.
6. Symarco Payroll Services
Symarco Payroll Services Australia is a payroll service company that offers both standard services through fax and online services. They have a variety of outsourcing options.
You can choose a full payroll service that includes payment calculations done by their own software, payslips, reports, and salaries or superannuation.
Another option is to order only payslips and have them complete the calculations so you can pay employees yourself.
Consider These Payroll Options
Using a payroll service makes sure small businesses follow the laws related to payroll. Rather than spending time looking at spreadsheets and calculating pay, a payroll service does the process for you.
Some software will even handle payroll taxes. They can give employees access to their payment and W-2 form information, and allow them different payment options.
This guide to payroll options for small businesses will help you choose the service that’s best for your company.
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