Doing your own payroll can be time-consuming, and hiring professionals can be expensive, particularly for businesses which do not have a large enough to justify dedicated HR personnel. From tracking time and attendance to handling payroll taxes, a lot needs to be managed, and mistakes, if any, can turn out to be costly for a business owner. Fortunately, there are several companies which offer multiple packages with varying payroll services costs, depending on your specific needs.
You can expect a payroll company to take care of the following:
- Keeping track of employee time and attendance
- Creating and adjusting direct deposit accounts
- Calculating the appropriate amount of deductions, including payroll taxes
- Making sure that the organization is fully compliant with relevant regulations concerning payroll
- Administering third party 401(k) and benefits plans
Choosing the Best Payroll Services
When choosing a payroll company to work with, it is important to prioritize a balance between payroll services costs and the features provided. To make that choice easier for you, here are short reviews of some of the top names in the business:
10. BambooHR
BambooHR has a reputation for being simple & easy-to-use and have great customer service, which should appeal to most small business owners. They provide a complete online solution for businesses across 50 states, have different packages, and charge a per-employee-subscription of $8 every month.
9. Paychex Flex
Paychex Flex is the small business offering from Paychex, providing a multitude of features like 401 (k) administration, attendance tracking, compensation and deductions management, along with a cloud-based platform with mobile access. For ten employees, Paychex costs about $3,300 per year.
8. Gusto
Gusto is capable of managing a wide range of HR functions and covers all the basic features. It allows employees to go through the onboarding process by themselves while providing tools that allow you manage the process with ease from your end. Gusto is also priced very competitively, with their payroll services costing just over $1,000 per year, with one free month.
7. OnPay
OnPay is a relatively new payroll service, but so far it has garnered quite a few positive reviews. You can expect OnPay to provide all the basic services such as payroll tax management, along with allowing you to pay employees by direct deposit or with print-on-demand checks. Starting at $36 + an additional $4.00 per employee, their payroll services are reasonably low for small businesses.
6. Patriot Payroll
Patriot Payroll has a two service offerings: a basic service that starts at $10 per month and provides free features such as direct deposit, W-2 printing and a portal that allows your employees to self-manage. The full payroll services cost extra, with added features such as complete tax management, and start at $25.
5. Wagepoint
Wagepoint is a simple, easy to use payroll service that is particularly ideal for small business. With functionality such as automatic 401K deductions, health insurance, and union dues payments, Wagepoint comes with lots of interesting options and is highly recommended on account of its great customer service. Pricing starts at $20 per pay period.
4. PrimePay
PrimePay is currently offering a 20% discount as well as two months of free service for those who sign up before January 31, 2018. Their services include an all-in-one payroll, tax and HR bundle which handles all your payroll and taxes (federal, state and local) with a monthly cost of $90 + $2.30 per check, for 1-9 employees.
3. SurePayroll
SurePayroll offers features that will take care of all your tax needs in addition to the basic features you might expect. It also has a useful mobile app that allows you to manage your payroll needs on the go. SurePayroll is also particularly optimized to take care of your household payroll needs and comes with a strong promise to deliver great customer service. SurePayroll services cost $49.99 per month + $4 per employee.
2. Sage
Boasting one of the highest customer retention rates in the industry, Sage Payroll Essentials Plus, their starting payroll services cost $49.95, and allow mobile payments alongside handling all taxes, including federal, state and local.
1. Intuit
Intuit’s full service payroll offering is a one-stop shop for your payroll needs. All you need to do is enter in the hours your employees will be getting paid for, and the system will automate everything else, from direct deposits to tax preparation and filing. Intuit also offers lots of other features such as health insurance, 401(k) deductions, retirement planning etc., and starts at $20 per month with $2 per employee.
What Park City Bookkeepers Offer
Park City Bookkeepers offers full-service accounting, bookkeeping and payroll services that will allow you save time and channel your efforts towards other important areas of your business, such as your operations, production, marketing and business development.
You can learn more about our payroll services here.