One of the most important parts of running a business is making sure your employees get paid on time and correctly. We test the best online payroll services so you can choose the right one.
No one likes doing payroll, though everyone else does. Paying employees and contractors is the most difficult part of accounting for a small business. You have to make sure that the calculations that go into making checks and direct deposits, like taxes, benefits, and other types of withholding, are correct to the penny. Only then can you make sure that the checks and direct deposits are 100% accurate. Then you have to send payroll taxes and filings to the IRS and other tax agencies on time and for the right amounts or face penalties.
If you do payroll by hand, it can take hours every time you get paid. Once you’ve set up cloud-based payroll apps like the nine we talk about here, you can run payroll in minutes. They know exactly what information is needed to run payroll in a way that is legal and successful, and they offer a lot of help, including automatically sending your payroll taxes and filings.
Most of the time, the prices for these services are reasonable, considering how much they do. There is a monthly base charge and a fee per employee. It could cost you less than $100 per month to pay your five employees. So keep reading to learn which sites might be best for you.
Accountants for Small Business 