Are you not yet sure what Payroll Services provider is best for you and your business? Then you should consider reading this breakdown on the best service providers for businesses. One of the most important tasks you are required to undertake is paying your employees, especially for small business owners.
The term payroll can seem to be an overwhelming task, especially to new business who may be paying employees for the first time.
This serves for a lot of purposes for business owners. Still wondering what how payroll really works, then here are some tasks you are required to take care of when paying employees:
- Can help you track employee hours and benefits
- Users can set up employees as hourly or salaried
- Can be used to issue W-2s and/or 1099s at end of the year
- Can be used to decide on pay frequency like weekly, biweekly, semi-monthly, or monthly
- Users can withhold taxes and make tax payments on time
- Can be used to make employees complete their payroll forms like I-9 and W-4 for employees and W-9 for contractors
The main reason businesses need a payroll is to ensure that payroll taxes are withheld, tax forms are filled accurately, and taxes are remitted to the right agency on time.
Best Payroll Services For Small Business
Here is a list of some best payroll services you can use for your business:
- QuickBooks Payroll
- RUN powered by ADP
- Patriot Payroll
- Payroll Mate
- Paychex Flex
And many others.
This service is designed to integrate with QuickBooks Online Accounting, and it can also be used as a single payroll software application. It can be used for about 50 employees. And with its varying pricing levels, it is most affordable for businesses with 15 employees or lower.
RUN Powered By ADP
APD has launched several applications aimed at small business markets. This is one of their most popular applications that is designed for businesses with less than 50 employees. It is an easy-to-use application with the menu bar at the top of the dashboard for easy access.
This is a great choice for payroll services for small businesses. It can scale up nicely to suit mid-size businesses. OnPay features an easy system navigation, and offers industry-specific features for restaurants and other businesses that needs an account for employee tips. The plan also includes an unlimited payroll operation, and mobile accessibility for any device.
This service is designed for small businesses with less than 25 employees. It offers a nice payroll processing. As it does not offer tax filing and remittance in the free version, you can decide to add tax reporting and remittance for small fee.
The core application is free and it includes a valuable feature like direct deposit capability, and an option to speed up the process of entering payroll related data. It operates all payroll setup, though the process is complex.
This payroll software is not as popular as the others, but there are many of same features. It is designed for small businesses and offers both free direct deposit and free payroll setup.