BEST PAYROLL SERVICES
I decided to write this article because three individuals asked me, “How do you do your payroll?” I decided to be kind and tell them. For many business owners, the concept of payroll doesn’t become a focus until it is time to pay a contractor or employee. Those processes should be in place before the pay date. (Hint Hint)
When I first started my company, I used a service called Gusto. This company was very easy to work with. They were not extremely costly and the best part is they took care of everything. All I had to do was give them the total of hours the agent worked as well as the hourly rate. You key that into the system, set up your pay schedule and you’re finished. Very easy to work with and they processed your W2s and 1099s at the end of the year. They even filed my taxes.
There are so many options out there to choose from. I encourage every business owner to use online human resources and payroll software. It takes a lot of the work off your plate so you can focus on the work of your business. Let me share the best payroll services for small businesses that Forbes developed. Look into them and see what they can offer you.
OnPay - This is an all-in-one payroll and HR solution. The price is $40 plus $6 per employee or contractor per month. They provide automatic tax payments and filings. They also provide employee self-service portals for onboarding, documents and PTO tracking. You can manage benefits such as insurance and retirement plans. It does not have accounting tools for tracking your banking information but it will integrate with popular accounting tools such as Quickbooks, Xero, etc.
Gusto - I really like this company. The price is $40 plus $6 per employee or contractor per month. The platform provides payroll for both employees and contractors—and even offers a low-cost contractor-only plan. It facilitates employee benefits including health care, wellness, retirement plans and more.
Gusto includes features that might appeal particularly to modern startup workers, including automated charitable donations and a wallet that gives employees greater control of and access to their money.
Gusto is made for startups and growing small businesses with a mix of employee- and contractor-based workforces. It’s best for small business owners and entrepreneurs who want to automate business processes as much as possible so they can minimize administrative hires and focus their resources on the business’s mission.
ADP RUN - I have heard a lot about ADP. They were mostly for large scale corporations. However, ADP RUN is the small business solution. The price is $59 per month depending on your company size and needs. This is considered a good place to start if you are a small business planning to grow into a large enterprise. ADP RUN offers tiered plans with payroll by direct deposit, a self-service employee platform, new hire onboarding and optional benefits administration for additional fees. You can also add on tax form filing.
More advanced plans include a robust HR platform, including an employee handbook, document management, training programs and employee toolkits.
These are three companies that would be a great place to start your research on establishing payroll services. Also, be on the lookout for my e-course for IBOs to learn every step that I took to become a successful IBO.
Wishing you much success!!!