What Is the Best Online Payroll Service?
If you’re looking for an online payroll service then you’re in the right place. We take a look at some of the best online payroll services out there right now.
There is more to choosing an online payroll service than simply finding one that completes your company payroll on time. Other factors that you may want to consider include using a service that can also handle taxes, retirement plans, health benefits, and other inclusive benefits. Depending on the size of your business may also make a difference in the payroll service that will work best for your business.
Knowing what to look for besides payroll services pricing will give you a leg up when choosing the right company. But, you still need a worthy payroll service in the long run.
So, what is the best online payroll service for your business? You’re about to find out. In this article, we’re discussing some of the top payroll services in the country so you have something to compare.
Keep reading to learn more.
What is the Best Online Payroll Service?
A good payroll service can help you navigate the legalities of payroll for your business. Not to mention that they can manage the disbursement of funds on schedule to keep your employees happy.
Of course, there are many options to choose from when searching for a payroll service and many of them offer similar benefits. That’s why narrowing your choice down often boils down to the size of your business.
Here is our review of payroll services for businesses large and small and in between.
OnPay
OnPay is a top choice for the smallest of businesses because it has an easy to use platform and it is affordably priced. Not to mention that it handles payroll and payroll tax needs with no long-term contracts.
You’ll pay a $36 monthly premium plus $4 for each employee to run an unlimited number of payrolls each month. You have the options of paying employees via W2 and/or 1099 with either printed checks or direct deposit. Employers can print the checks themselves or have them mailed while direct deposits post two days after each pay run.
Gusto
You can choose from a few different plans with Gusto.
The Core plan is less than $40 per month and $6 per contractor or employee for the following services:
- full-service payroll
- employee self-service
- health benefits
- worker’s compensation
- paid time off tracking
The Complete Package starts at $39 per month plus $12 per contractor or employee for the following services:
- full-service payroll
- employee self-service
- health benefits
- worker’s compensation
- paid time off tracking
- onboarding services
- employee offers
- requests and approvals
- employee directory and surveys
The Concierge plan is $149 per month plus $12 per contractor or employee. It includes everything in the Complete plan plus the following services:
- access to live HR professionals
- HR compliance assistance
- employee relations advising
- harassment prevention training
- dedicated support representatives
- HR resource center
One of the only drawbacks to Gusto is that they are not yet accredited with the Better Business Bureau.
ADP
When making a payroll comparison, ADP must be noted. They are considered one of the largest and widely used payroll companies in the United States.
This is a great service if you have at least 1000 employees although ADP offers other plans for smaller businesses which includes the following entities:
- Run – designed for small businesses with less than 50 employees
- Workforce – best suited for companies with 1000 employees or less
- ADP Enterprise is the main entity for large corporations
Some benefits of using ADP include two months of free use upon signing up and working with many accounting systems. Not to mention that this a company with a great business reputation.
One of the most significant drawbacks to note is that ADP charges extra fees for filing W-2s and 1099 forms. They also charge per payroll.
Intuit
Intuit makes it easy to set up payroll for your employees as well as provides tax-related services. You can easily sign up for anywhere from $29 to $109 per month plus $2 to $4 per employee to process payroll. This service is best suited for small businesses.
This is a could-based service that requires no software to install or maintain. You can simply log in to the payroll system to perform all of your payroll related tasks.
Inuit offers direct deposit and paper checks. Paper checks can either be mailed or printed by the employer.
Paychex
For larger businesses and organizations, Paychex is a great online payroll service that offers additional services and perks. They offer most of the features you’re looking for in a payroll solution for a fair cost.
Paychex handles the following services:
- manages payroll deductions
- wage garnishments
- employer contributions
- PTO issues
- direct deposit, check or pay card
Paychex offers the option of mailing paper checks or you can print them off yourself.
Final Thoughts
Choosing an online payroll service doesn’t have to be overwhelming or expensive. Keep this list in mind as you navigate the market to find the best online payroll service for your needs.
Remember that online payroll services and online payroll software are essentially the same things. You can run your payroll system through the online interface so that you can process payroll in just minutes.
Payroll services are important, especially for small businesses, because it offers peace of mind to employees that they will be paid on time. It also gives your HR department, if you have one, a break from the process of performing payroll.
If you’d like more information about the best payroll services online, feel free to contact us. We hope to bring you accurate and up to date information about who these companies are and how much you can expect to pay for their services.