Davina joined Merchant Maverick in 2022, covering small business payroll and accounting. She began writing for small businesses in 2018 and has since gained expertise in the SaaS industry. She earned her Bachelor’s of Arts in English Literature from SUNY Geneseo in 2018. She currently resides in New York.
Looking for the best payroll software app for your small business? Merchant Maverick has spent countless hours learning the ins and outs of payroll software and testing the best options around. Gusto is the best overall small business software, with ADP as runner-up, while Square is the easiest to use. But there are even more great choices on the list.
The most popular employee payment methods are direct deposit and paper check payments. However, other employee payment methods, including cash, cryptocurrency, and pay card payments are also used across the US.
Gusto is a cloud-based payroll solution that seamlessly combines benefits administration, 401(k)s, HR, and onboarding. The company takes care of payroll The software's only downsides are the limited time tracking, potentially long payroll processing, and limited reporting. Health benefits are also not available in every state yet.
It's important that you comply with Texas laws and regulations regarding payroll taxes so that your business can continue its operations uninterrupted. Read on to learn everything you need to know when you file and submit payroll in Texas as a small business owner for the first time.
Merchant Maverick ranks Homebase as one of the best payroll software for small businesses looking for affordable basic payroll processing, mobile time tracking, and extensive employee scheduling features.
While you won’t get the benefit of utilizing a comprehensive HRIS software or native integration within a suite of business tools (think: QuickBooks), you’ll find that OnPay’s attention to essential payroll functionality and basic HR tools make it a strong standalone payroll online payroll service.
How much does payroll software cost? It varies by business, software, and personal requirements, but in general, you can expect to pay around $44/month + $6/employee per month for payroll software that offers essential payroll software services.
To choose payroll software for your business, you’ll need to assess your business’s payroll needs, determine which payroll software meets those needs, narrow down your options, and make a final decision.
There are four types of payroll software systems to choose from: traditional payroll software, industry-specific payroll software, payroll software for accountants, and professional employer organizations (PEOs). Each option will make it easier to process payroll for your business, but may be designed for specific users or provide advanced services.
Payroll software is a good investment for most businesses looking to streamline their payroll processes. However, the learning curve and cost of payroll software may be enough to cause some small business owners pause.
Small businesses with more employees and more complex payroll needs (think: multiple pay rates and schedules, remote employees across different states, etc.) may need payroll software to save time, money, and reduce the chance of expensive payroll errors.
The difference between gross pay and net pay is simple: gross pay includes all employee earnings prior to any payroll deductions, while net pay is the earnings left over after payroll taxes and deductions are subtracted from an employee’s gross pay.
Social Security taxes are the federally mandated contributions employers and employees must pay into to support the Social Security program, which provides retirement income for American workers aged 65 and over.
The most popular employee payment methods are direct deposit and paper check payments. However, other employee payment methods, including cash, cryptocurrency, and pay card payments are also used across the US.
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The vendors that appear on this list were chosen by subject matter experts on the basis of product quality, wide usage and availability, and positive reputation.
Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.
Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.
