Historically, payroll has been one of the most complex elements of running a business. Business owners need to make sure that everyone is paid with 100% accuracy, including calculations related to taxes, benefits, and more.
How hard can it be? Well, about one-third of small businesses are fined by the IRS each year because of payroll mistakes.
But modern payroll solutions are changing. The days of faxing wage information to a payroll company and then manually passing out live checks to your employees are fading away.
Everyone wants direct deposit. More businesses are working with remote staff, freelancers, and independent contractors.
That’s why so many companies are switching to online payroll services.
The 6 Best Online Payroll Services
If you run a quick search for online payroll software, you’ll be overwhelmed with the dozens, if not hundreds of options on the market. But most of these are pretty easy to eliminate.
When it comes to something as important as payroll, you don’t want to take any chances with an inferior service. Depending on the size of your business, there only six online payroll services that I would recommend.
I’ve reviewed all six of these in greater detail below. I’ll cover the essential features, pricing, pros, and cons of each to help you find the best one for your business.
QuickBooks is best known for its…