Processing payroll for your small business can be time-consuming and tedious, and doing the task yourself may even cost you money in different ways. Many business owners process payroll on their own for a small number of employees, and they may spend several hours per week or more with this process. There are also quarterly tax statements to make, adjustments to paid time off and more to keep track of. Errors are unfortunately common, and these can be expensive. You may not think that outsourcing your payroll activities would make sense because of the small size of your office. However, IRS tax penalties for errors can add up, and the same holds true for financial errors made in your employees’ favor. Furthermore, your time and energy may be much better spent on productive activities relate to growing your business. There are several great payroll solutions available for small business owners, using one of these programs can improve your operations considerably.
Through Intuit Payroll, you will have several packages to choose from. This gives you the ability to get the services that are affordable for your budget as well as right for your needs. The most basic service will calculate your payroll for you. The most advanced service will complete the entire payroll process, and it will even prepare and file your IRS tax forms as needed. This gives you a hassle-free approach to dealing with payroll and tax activities in your office.
For a user-friendly and comprehensive approach to payroll processing at an affordable price, Gusto is an excellent option to consider. This is a turnkey solution that offers payroll processing, tax filing, direct deposit assistance, benefits planning and more. Your employees can use their own login ID and password to securely access their paystubs and W-2s as needed. This can save a tremendous amount of time by eliminating this administrative task from your shoulders.
If you have a small business with ten employees or less, OnPay is an affordable payroll solution to consider. This is a program that has a no-frills approach to meeting your needs. It has a user-friendly platform that is easy to use as well as a mobile platform for business owners on the go. This program handles all aspects of payroll processing, check printing, tax filing and deposits. You can add additional employees as needed for a slight fee increase per employee.
Sage is a reputable payroll processing option that many businesses have been using for years. In fact, it has the highest customer retention rating in the industry. This payroll processing program has several packages that are similar to Intuit’s packages. This gives you the ability to adjust your program as your budget and needs change. Some of the features found in various packages include payroll process, tax filing assistance, customized reports, assistance from a live payroll agent, benefits administration and more. You can easily find a package that works well for your budget and your needs through Sage.
When you need a full HR solution rather than simply a payroll processing solution, Namely is a wonderful choice. This program handles payroll processing tasks, including direct deposits, filing taxes and tracking benefits. It also has several additional features for you to benefit from. Employees can log in to view their pay history and to download income documents. The system also provides onboarding documents for new hires and progress reports for existing employees. Other benefits, such as healthcare, commuter benefits, wellness programs and more, are also accessible through the program.
With so many fabulous and affordable payroll processing solutions available for small businesses, you may be wondering how to narrow down the options. Many of these programs offer a free trial or a live demonstration. You can easily begin your quest to find a feasible program for your needs by examining these options first. By doing so, you may find the right program, or you may be able to eliminate a program from consideration. While it may take time to find the right payroll processing program that works well for your small business, this effort will be well-rewarded in the long run.