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PAYCHEX Payroll Cost: 2023 Prices, Reviews, Products

Are you wondering how much does Paychex Payroll cost and what you get for the money? Here’s what you need to know about this Rochester, NY based company.

Paychex Info:

Headquarters: Rochester, NY
CEO: Martin Golisano
Founded: 1971
Stock: PAYX (NASDAQ)
# Clients: 670,000+

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A growing number of enterprises are outsourcing business services. PAYCHEX payroll is one of the top HR services in the United States.

The software company’s payroll service can give you access to many human resource tools, no matter what size your business. Using the platform, you can access features such as tax administration, mobile apps and new hire reporting.

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Paychex Payroll Services

Paychex is a prominent provider of payroll, HR, and benefits outsourcing services for businesses of varying sizes. As of my last update in January 2022, here are some of the core payroll services offered by Paychex:

  1. Payroll Processing: Automated and online payroll services with real-time data input.
  2. Tax Pay & File Services: Handling of payroll tax calculations, payments, and filings on local, state, and federal levels.
  3. Employee Pay Options: Including direct deposit, paper checks, and Pay-on-Demand features.
  4. New Hire Reporting: Ensures new employees are reported to the government, as required.
  5. Payroll Reporting: Customizable and comprehensive reporting tools.
  6. Mobile App: Allows both employers and employees to access payroll data on the go.
  7. Garnishment Payment Service: Management and payment of wage garnishments.
  8. Integration Options: Integrating payroll data with HR, retirement, and insurance systems.
  9. Time and Attendance Integration: Seamlessly integrate time tracking with payroll systems.
  10. Compliance Services: Keeping up with ever-changing payroll tax regulations and requirements.
  11. Dedicated Support: Offering a 24/7 support line and dedicated payroll specialists.
  12. Employee Financial Wellness: Services that support employees’ financial health, like pay advances and financial wellness tools.

Paychex offers a range of other HR and benefits services beyond just payroll. Additionally, the specific offerings and features can evolve, so always check their official website or contact them directly for the most recent and comprehensive list of services.

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How Much Does Paychex Payroll Cost?

Paychex plans start at $39/Month + $5 per employee. They also offer three months for free.

What’s even better, however, is that it will cost you less to pay for the service than it would for you to handle the same tasks on your own.

Paychex offers four subscription tiers. They are:

  1. Express Payroll – $39/Mo. + $5 per Employee
  2. Paychex Flex Select – Customized Based on Your Unique Needs
  3. Paychex Flex Pro – Customized Based on Your Unique Needs
  4. Paychex Flex Enterprise

The company keeps information about Paychex fees close to the cuff. However, you’ve come to the right place to find out how much the service costs.

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An example based on monthly Paychex pricing is helpful for understanding the company’s subscription rates. Keep in mind, however, that you can also pay by the week, biweekly or yearly. The longer your commitment, the more that you’ll save.

  • Express Payroll costs $39 per month and $5.00 per user.
  • Paychex Flex Select costs about $99-$110 per month and $5.00 per user.
  • Paychex Flex Pro costs around $160-$175 per month and $4.50-$5.00 per user.

You must speak with a Paychex representative for a custom price for Paychex Flex Enterprise.

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How Much Does Paychex Payroll Cost For 2 Employees?

Even if you only have a handful of employees, you can save an enormous amount of time and money by subscribing to Paychex.

If you have two employees, for instance, Express Payroll will cost you a total of $49 per month. This fee would give you access to basic payroll services, such as tax administration, direct deposit and new hire reporting.

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However, if you need to issue paper checks with custom branding, you’d subscribe to Paychex Flex Select. In this case, you’d pay $100 per month for the service. If you only have two employees, the next two subscription tiers may prove excessive, not in cost – but features.

How Much Does Paychex Cost For 20 Employees?

What if your company is a little bigger? Let’s say, for example, that you have 20 employees.

  • A subscription to Express Payroll would cost approximately $150-$175 per month.
  • A Paychex Flex Select subscription would cost between $150-$170 per month.
  • A subscription to Paychex flex Pro would cost about $235-$250 per month.

As you can see, you’re better off going with Paychex Flex Select or Pro if you have 20 employees.

How Much Does Paychex Cost For 50 Employees?

Now, let’s imagine that you have 50 employees. In that case, you’d pay roughly:

  • $350 for Express Payroll
  • $390 for Paychex Flex Select
  • $400 for Paychex Flex Pro

With 50 employees, you’d pay more for the lowest tier than for the other subscription plans with more services.

Accordingly, you’re better off with Paychex Flex Select or Pro if you have 50 employees. Also, you’ll most likely have considerable benefits to manage with a staff of this size, so the upper tiers are clearly a better option.

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Pros and Cons of PAYCHEX Payroll Service?

Paychex service benefits employers across the United States. Its payroll platform is remarkably easy to use. More importantly, however, it can grow alongside your business. You can scale up or scale down services as needed. Here are pro and cons:

Pros of PayChex Payroll Service:

  1. Comprehensive Service: Offers an all-in-one solution for payroll, tax compliance, HR, and benefits.
  2. User-Friendly Interface: Intuitive platform suitable for both beginners and experienced users.
  3. Dedicated Support: Provides 24/7 customer support and dedicated payroll specialists.
  4. Mobile Access: The mobile app allows employers and employees to access payroll data on-the-go.
  5. Integration: Seamlessly integrates with various HR tools, retirement plans, and time-tracking systems.
  6. Customizable Reporting: Offers a wide range of customizable payroll and HR reports.
  7. Tax Compliance: Automatically calculates, pays, and files payroll taxes.

Cons of PayChex Payroll Service:

  1. Cost: Can be more expensive than some other payroll providers, especially for small businesses.
  2. Complexity: With its wide range of features, there can be a learning curve for new users.
  3. Software Updates: Occasional updates might change the interface or functionality, requiring users to adapt.
  4. Sales Approach: Some users have reported aggressive sales tactics.
  5. Performance Issues: There can be occasional slowdowns during peak usage times.

While PayChex offers robust services, like any platform, its suitability might vary based on individual business needs and preferences. Always consider firsthand user reviews and experiences for a more comprehensive understanding.

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Other Services Offered By PAYCHEX

  • Business Insurance
  • Workers’ Compensation
  • Cyber Liability
  • Property Insurance
  • Business Owner Policy
  • Liability Insurance
  • Umbrella Insurance
  • PEO
  • Hiring Services
  • Time and Attendance

Learn the Latest Facts About Payroll Pricing

Payroll is important. After all, you do want to keep your employees around and avoid those pesky government fines.

If you’re shopping for payroll services, it’s helpful to understand how Paychex payroll stacks up against other providers. Well, you’re in luck.

The PriceIthere.com online payroll cost calculator will tell you everything that you need to know about online payroll service prices. Try it out today to get a handle on payroll service costs quickly and easily.

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On   /   Business Tips, Payroll