Best Payroll Service Small Business

Payroll services are designed to make payroll processing simple, while also helping you comply with the policies and regulations involved in payroll, taxes and IRS reporting. When it comes to managing payroll, you may be using your own accounting software, like Quick Books or Fresh Books.

These platforms offer the features necessary to help you comply with regulations on your own, but the overall process can be time consuming and complex as you hire more employees. It can be easy to miss things here and there, which can result in payroll errors or hefty fines.

You may find that processing your payroll online with a service can bring peace of mind. Having a service handle the process for you can save you both time and money if you aren't confident in your skills, or when you just don't have the time it takes to process payroll for multiple employees.The Benefits of Using an Online Payroll Service Complying with major laws and regulations like the Affordable Care Act (ACA) – which applies to businesses with 50 or more employees – is a big benefit of having a dedicated service manage your payroll processing. These regulations typically require you to file certain forms to avoid an IRS fine.

Other regulations, like paying your employees on time and correctly, are always required of you, regardless of the number of employees you have. In addition to federal and state laws, there are lesser-known regulations and other processes involved with payroll that not every company handles on a regular basis. Payroll providers can manage these issues to keep your business running smoothly.Pay Distribution Options Many online payroll services include three options for paying employees: direct deposit, pay cards and checks.

If you pay your employees by check, you can pay your employees through any of these methods. However, several states require employees to receive their pay through direct deposit. If those employees don't have bank accounts, you can use pay cards, where you load paychecks directly to a debit-like card for employee use.Integration with Other Business Solutions Payroll is the last step of a long process. Gathering information before payroll can be complex, and good payroll companies integrate with other common business solutions to help the process run smoothly from one step to the next. For example, many time card software solutions automatically convert employee hours into a CSV file.

The payroll provider then uses these files to calculate each employee's paycheck.Most point-of-sale systems also integrate well with online payroll services, which is a big help if your employees' compensation includes tips. Likewise, integration with e-commerce and CRM solutions make it easy for the payroll service to track sales tax and commissions. You need to accurately track and report both sets of data as part of your overall payroll responsibilities.

GTM Payroll Services GTM Payroll Services offers two household employer payroll options with similar offerings. With the Easy Pay package, you can pay your employees via direct deposit or printed check. With the other package, Easy Tax, you write your own payroll checks each week. Both packages include electronic tax filings, the ability to track paid time off, a self-service portal for your employees and year-end tax services. gtm.com Home Pay by Breed love Home Pay offers total payroll and tax-filing management.

The system calculates the precise with holdings each pay period and summarizes it in a preview email right before payday. You have the option to pay your household employees either with your own checks or via direct deposit. The company keeps track of both your employees' tax with holdings and your accrued employer taxes. Prior to each federal and state tax deadline, the service files all required returns on your behalf with the appropriate tax agencies. Home Pay also takes care of your year-end tax obligations. my home pay.com Home Work Solutions Home Work Solutions specializes in providing household employers and their tax preparers real solutions for tax compliance. The service is designed for household employers with nannies, caregivers for seniors, housekeepers, maids and other household workers.

Home Work Solutions offers two payroll plans: one that pays employees and files taxes for you, and another that files your taxes but requires you to write your own checks each week. The company also offers background check services. home work solutions.com Nanny Chex Nanny Chex specializes in payroll and tax services for household employers. The company's service extends to all types of household employees, including nannies, elder care workers, housekeepers, gardeners and personal chefs. In addition to handling your payroll needs, Nanny Chex takes care of the quarterly and year-end taxes and forms you are required to file as a household employer.

When working with Nanny Chex, you have one point of contact who is familiar with you and your account. nanny chex.com Savvy Nanny Payroll Services Savvy Nanny Payroll Services files and pays your employer taxes, creates pay stubs for your employees and offers direct deposit. The service sends email reminders about paydays and payment deadlines, and integrates with Quick Books. This service is currently only available in 26 states. savvy nanny payroll services.com

A growing number of businesses find value in outsourcing their payroll. Today's payroll services handle several critical, time-consuming tasks, including payroll processing and the calculating, filing and paying of payroll taxes. Outsourcing payroll not only helps prevent errors, but also frees up employee resources.

A recent report on the payroll industry by IBIS World shows that, of the businesses in the United States using payroll services, the most prominent are technology-producing companies, healthcare providers and manufacturing institutions. Those three types of companies alone account for more than 40 percent of the total organizations using payroll services. "Operators in these industries are often highly specialized and prefer to outsource human resources such as payroll and bookkeeping services to focus on their core, profit-generating business functions," the study's authors wrote.