Payroll Service

5 replies [Last post]
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Joined:
01/05/2018

Does anyone use a free or low-cost payroll company? We only have two employees and are wondering if we can save money by finding an online payroll company who does a quality job at a good price.

OnTheShore's picture
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08/28/2011

I used to do my own payroll using Excel spreadsheets that I built myself, filed all my own tax returns, etc...  I would periodically double-check my calculations by using Quickbooks free pay-check calculator, here: https://quickbooks.intuit.com/r/paycheck-calculator/

Now we are using PayChex. For up to 5 payees, we are paying $28 per weekly payroll period (which includes their tax filing and payment service, and direct deposit for our employee's pay checks), but that is a discounted rate worked out by their local sales rep.

Since we are a seasonal business, we don't pay anything when we don't have a payroll to process -- just a $100 dormancy fee.

Square's payroll service is not available in all states, yet.

 

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Morticia's picture
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05/22/2008

Also, if you use square, that has a payroll system. I've not used it.

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PhineasSwann's picture
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09/25/2012

I use Quickbooks' payroll system, which integrates with my bookkeeping system and also handles e-filing and online payment of taxes. It costs me $15 a month per employee, but it's worth it to have a fire-and-forget system that takes care of most of the paperwork for me. 

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Arks's picture
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05/22/2010

I don't use a payroll company. I do my own, using Payroll Mate software, which handles all the withholding, prints the checks, tells me how much withholding to send to IRS monthly, does W-2/W-3 at end of year, etc. It also prints the quarterly 941 forms to send IRS.

The $120/year cost includes regular automatic updates as tax laws change. For a little more money, it will print W-2s/W3 on plain paper in a format acceptable to IRS, so don't have to buy the pre-printed red ink forms.

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Morticia's picture
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Joined:
05/22/2008

I can't say ours is low cost, but you don't really want to go cheap when dealing with your employees' paychecks.

If it's not something you care to do in house, try Payroll Management in Auburn. They file your payroll taxes as well as doing the payroll.

Having direct deposit for your employees is less expensive than getting a check every week.

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