Do it Yourself Payroll Processing
Now let’s see how the clouds have revolutionized another core small business service – payroll processing. Ever wonder how payroll service bureaus have made payroll processing so highly profitable? It’s because they have achieved high levels of automation. Now cloud computing has leveled the playing field. A new breed of cloud-based payroll solutions eliminates all the headaches associated with payroll processing – tax payments, compliance forms, direct deposit and even printing and mailing of paycheck and reports. Innovative cloud-based payroll solutions do all of these functions for you. My personal favoriate is QuickBooks Payroll Online. Prices start at $19.95 a month.
- The payroll system performs direct deposit, deposits all required taxes, and electronically files all compliance forms.
- You create a PDF of the paychecks, if any, and place the files in the client portal. From the portal, you can log in anytime to download the paychecks and print them.
- Similarly, all reports are automatically stored in a portal for easy access 24×7. There is no hassle of printing and mailing paycheck and reports.
With reminders, automatic calculations, direct deposit, and electronic filing, Intuit Online Payroll has everything you need to pay employees and taxes accurately and on time – you just enter time and approve amounts.
Payroll Features
- Automatic paycheck calculation for 21 pay types, including salary, sick pay, and commissions
- Email reminders when it’s payday
- Instant paychecks, direct deposit, and W-2s
- Free direct deposit, or printable checks
- iPhone app for mobile payroll
- Reports on employee pay and deductions
- Unlimited number of payrolls each month
- Free support from experts
Tax Features
- Automatic federal and state tax calculations, guaranteed accurate1
- Email reminders for taxes and unemployment insurance
- Electronic federal and state tax filing2
- No tax payments until they’re due3
- Automatic W-2 preparation for all employees
- Electronic W-2 filing
- Reports on tax liability, wages, pay, and more
Summary
The common thread in all of these scenarios is that cloud computing solutions are working to let you do more in less time.
Gustavo A Viera CPA
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