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Top payroll software for small businesses

If you run a small business, payroll software can help you manage all the particulars and activities regarding your employee workforce. If you have 50 to 100 employees, it can get a little difficult to keep track of all the payslips, tax files, and other important employee details. That’s where payroll software for small businesses come in. Let’s look at the top software options you can choose from:

Gusto
Hailed as one of the best payroll software for small businesses, Gusto offers a comprehensive system with intuitive software that can help you handle a variety of employee-related matters. These include employee pay stubs and tax forms, benefits and payroll reports, health insurance, state and federal unemployment insurance, PTO tracking, direct deposit facilities, wage garnishments, automated tax filings, and unlimited payroll runs in all 50 states. The interface is easy-to-use, and the brand offers a free demo as well. Unlike other software, Gusto does not charge extra for features like automated billing, health benefits, online estimates, and workers’ compensation.
ADP
This software can take HR and payroll off your hands, easing your burden if you’re managing a small business. It handles all the time-consuming tasks for you, ranging from managing employees’ 401(k) accounts to filing payroll taxes, and it also takes over tasks like onboarding, hiring, and recruiting. If you face any challenges, the ADP customer support is always there to help you. It also offers easy employee self-service and increases the efficiency of auditing the payroll process, lowering the risk of liabilities. The helpful ADP app also allows you to choose benefits, track time, and request paid time off and leaves. Not to mention, you get 3 months of free services when you sign up for payroll processing with ADP.
Paychex
This is one of the best payrolls for small businesses that combines HR and payroll and breaks it down according to the business size. It works for small companies with 1-49 employees, or you can opt for its services for over 1000 employees. Most plans include time tracking, health insurance, state unemployment insurance, retirement management, and benefits administration. With Professional Employer Organization (PEO) plans available, this software also offers HR basics and digital marketing help with each plan. It is suitable for every business, whether your company is a law firm or a small hotel with a dozen or so employees. You cannot find the pricing for this software online, but you can request a free quote by visiting the official website if you want to use Paychex for your business.

Small business owners may wonder whether they should hire an accountant or use a payroll service. In general, payroll services are cheaper, even more so if you opt for the self-service route. These software also offer features like time tracking, HR administration, and employee benefits that fall outside the scope of an accountant’s job. That being said, some companies prefer a balance of both and use payroll software in addition to hiring an accountant. You can see what works best for your company and choose the most suitable payroll software for your small business.

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