Payroll is a critical aspect of running a small business, but sometimes it can be challenging for first-time employers. Keeping track of employee hours, overtime, and payroll taxes can be overwhelming, especially when you’re trying to grow your business. To ease this burden, many small business owners take the help of the best payroll service providers. These services help small business owners to manage the payroll process, paying employees on time, tracking wages, and filing tax forms. This allows business owners to work on other important aspects of growing their business, such as finding new clients or working on improving services. In this article, we are going to learn about the 9 best payroll service providers.
Payroll services are an essential part of any business, and it is important to choose a provider that is reliable and has the experience and expertise necessary to provide accurate and timely services
1. ADP:
ADP is a leading provider of payroll and HR services for small, mid-size, and large businesses. ADP offers a wide range of payroll and HR services that are designed to help businesses streamline their HR processes, save time, and reduce costs.
Features and benefits:
- ADP’s compliance services help businesses stay compliant with federal, state, and local regulations related to payroll, taxes, and employment.
- ADP’s reporting and analytics tools provide businesses with valuable insights into their HR processes, allowing them to make data-driven decisions that improve efficiency and productivity.
- ADP’s solutions automate many of the time-consuming tasks associated with HR management, freeing up time for you to focus on other aspects of your business.
Source: National Small Business Association
According to the National Small Business Association, around 40% of small businesses outsource payroll.
2. Paychex:
Paychex is a leading provider of payroll, human resource, and employee benefits outsourcing solutions for small to medium-sized businesses in the United States. The company was founded in 1971 and has since grown to serve over 680,000 clients nationwide.
Features and benefits:
- Paychex provides accounting and bookkeeping services to help small businesses keep their finances in order.
- Paychex offers benefits administration services such as 401(k) and retirement plan management, health insurance and employee benefits administration, and compliance assistance.
- Paychex’s services can help businesses stay compliant with federal and state labor laws and regulations.
3. Zenefits:
Zenefits is a cloud-based human resources management software that provides tools for streamlining onboarding, benefits administration, payroll, time and scheduling, and more.
Features and benefits:
- With Zenefits, businesses can manage their employee data, including contact information, job titles, and compensation, through its HR management tool.
- Other features include time and scheduling management, which simplifies the process of tracking employee time and creating schedules, and compliance management, which automates many of the compliance tasks and government filings.
- Zenefits helps businesses stay compliant with labor laws, tax regulations, and other compliance requirements.
4. Gusto:
Gusto Payroll is an intuitive payroll service that makes managing payroll simple. With Gusto, businesses can automate their payroll processes with ease. This makes it easy to set up and manage payroll, as well as access employee data.
Features and benefits:
- The platform is designed to be easy to use, with a simple and intuitive interface that allows small business owners to manage their payroll and HR tasks quickly and efficiently.
- They provide access to various HR tools so that you can get guidance from HR experts.
- Gusto also helps businesses comply with the latest tax regulations.
- Gusto also offers a range of benefits options for small businesses, including health insurance, 401(k) plans, and commuter benefits.
5. Intuit QuickBooks:
Intuit QuickBooks is a comprehensive accounting software solution that helps businesses manage their finances, payroll, orders, and inventory in one place.
Features and benefits:
- With a user-friendly interface and a range of powerful features, QuickBooks is designed to help businesses of all sizes streamline their accounting and financial management processes.
- Some of the key features of QuickBooks include accounting solutions such as income calculation, invoice generation, and expense tracking.
- The software also offers payroll solutions, including time tracking, tax filing, and benefits management.
6. Paycor:
Paycor’s payroll software automates payroll processing, tax filing, and direct deposits, allowing businesses to manage their payroll quickly and efficiently.
Features and benefits:
- With Paycor’s reporting and analytics feature, businesses can track their employee data and generate custom reports to help them make informed decisions.
- Paycor’s user-friendly interface is easy to navigate, and the company offers comprehensive customer support.
- Paycor helps businesses stay compliant with labor laws, regulations, and tax requirements, reducing the risk of penalties and fines.
7. SurePayroll:
SurePayroll is an online payroll and tax solution for small businesses in the United States. The platform is designed to simplify the payroll process, making it easy for businesses to pay their employees on time and stay compliant with tax laws.
Solutions offered by SurePayroll:
Features and benefits:
- Payroll processing and tax filing for small businesses
- Employee self-service portal for accessing pay stubs and W-2s
- Time and attendance tracking for businesses with hourly employees
- HR support and compliance resources
- SurePayroll keeps up with the ever-changing tax laws and regulations, ensuring that businesses remain compliant with federal and state tax laws.
- The online platform is accessible from anywhere, anytime, making it easy for business owners to manage their payroll on-the-go.
SurePayroll’s employee self-service portal allows employees to access their pay stubs and W-2s online, reducing the need for paper documents and making the payroll process more convenient for employees.
8. OnPay:
OnPay is designed to meet the requirements of small businesses as well as mid-sized businesses. OnPay can help you streamline your payroll processes and save you time and money.
Features and benefits:
- With OnPay, you can quickly and easily manage all aspects of payroll, including payroll taxes, employee benefits, and more.
- OnPay offers flexible payroll processing options. You can set up recurring payments, one-time payments, and more. Plus, you can manage payroll taxes and employee benefits with ease.
- The platform offers a range of features, including payroll software, HR software, health insurance, 401(k) retirement plans, workers’ comp, and software integrations.
- OnPay is known for its excellent customer support, with payroll experts available by phone, email, or chat to answer any questions that may arise.
9. Wagepoint
Wagepoint is a cloud-based payroll software designed for small businesses across North America. With its user-friendly interface and automated payroll features, Wagepoint makes it easy for businesses to pay their employees accurately and on time while staying compliant with tax laws.
Features and benefits:
- The software can automatically calculate and withhold federal and provincial income taxes, Employment Insurance, Canada Pension Plan, and other taxes and contributions. This can save businesses a lot of time and reduce the risk of costly mistakes.
- Wagepoint also offers other features like direct deposit, online access to paystubs, and the ability to generate and submit Records of Employment (ROEs).
- The software can also automatically calculate income, deductions, and paid time off, which can help businesses avoid manual errors.
- Wagepoint helps ensure your business is compliant with federal and provincial/territorial tax laws.
Conclusion
Small businesses have a wealth of options when it comes to payroll providers. With the right provider, businesses can save time and money, reduce administrative headaches, and ensure that all of their payroll needs are met. Payroll service providers have the tools and technology to help businesses stay competitive, while also offering personalized service to meet their unique needs. With the right provider, small businesses can have peace of mind that their payroll needs are taken care of.
If you are looking to outsource payroll services, you can opt for IBN Technologies. They have more than 22 years of experience managing payroll for various industries such as healthcare, real estate, retail, hospitality, transport and logistics, etc.
