As your business grows, so do the complexities of processing your payroll and providing employee benefits. Tax filings at the state and federal level have become a hassle and regulatory filings are increasingly burdensome. Complying with federal income tax witholding, social security tax witholding, Medicare taxes, and state income taxes take time and create headaches for small businesses. Running payroll can be a huge headache, especially if there are any issues in your payroll service. Employees like to be paid on time and in the manner they were promised by your company. Don’t let payroll issues impact employee morale–fortunately there are a ton of companies who have been in the payroll business for decades you can trust with running your payroll accounting. Check out our payroll software comparison for a complete look at what payroll software has to offer and all different price points.

Most Common Payroll Tax Forms

• I-9: Form I-9 is the employment eligibility form, verifying that the employee you are hiring is eligible to work as an employee in the US.
• W-2: Form W-2 is the wage and tax statement for employee payroll, the most common payroll tax form.
• 940: Form 940 is the employers quarterly federal tax return, a complex form that usually requires the use of payroll accounting software like ADP, Paychex, or Intuit Payroll. Having an accountant file these forms is usually a good idea because the 940 form is very complex.
• 1099: Depending on where federal legislation goes, you have to file a 1099 form for contractors you hire and pay in excess of $600 in a calendar year.

As you’re probably aware, filing these forms and staying in the good graces of federal and state tax collectors is complex and takes diligence. After getting these forms in order you still need to make sure you’re employees are paid on time and accurately, get their checks or direct deposit in a timely manner, and any payroll related benefits your business provides. Payroll accounting is a tremendously complex task, making it no wonder that many small and medium businesses choose to use a payroll service like ADP, Paychex, or Intuit Payroll.

Top Payroll Services

There are a number of payroll services available on the market but the most common payroll services are outsourcers like ADP and Paychex.

• ADP: ADP is an outsourced payroll provider that has huge market share in the US and is used by almost all the Fortune 1000 companies and millions of small and medium businesses for their payroll needs. ADP provides payroll tax filing and fulfills employee payroll obligations on your behalf so you can focus on your business. ADP has a great reputation in the industry and is the biggest player by far. Ranging from completely outsourced payroll services to online payroll designed for small business accounting, ADP provides a wide range of high quality payroll and tax compliance fulfillment services.
• Paychex: Paychex is another top payroll outsourcer that specializes in small business payroll, 401k services, and other HR solutions. Paychex is highly regarded in the industry as a trusted provider of payroll tax and accounting services. Over half a million small businesses use Paychex to run payroll and file key payroll taxes and forms with the federal and state government. Services that Paychex provides include payroll tax administration, workers compensation, 401k retirement services, health insurance, time and billing, as well as complete HR outsourcing. Paychex is a great solution but is much more expensive than online do-it-yourself payroll options.
• Intuit Payroll: Intuit Payroll is lesser known in the industry because they focus on the small business market rather than with large employers. Intuit provides Intuit Online Payroll services (acquired the PayCycle product) for do-it-yourself type businesses who have the time to run some of their own payroll accounting.
• SurePayroll: SurePayroll provides online payroll with tax managements features and is geared toward small and medium sized businesses. In addition to payroll accounting services, SurePayroll provides 401k retirement planning services for employees, health insurance, and workers compensation insurance.

For a limited time only we are offering 20% off of QuickBooks Payroll!

Use QuickBooks Pro or QuickBooks Premier and need to run payroll?  We offer these links to payroll discounts and coupons provided by QuickBooks, the leader in small business payroll services.  You do not need a special offer code–the discount shown below will apply on the site.

QuickBooks Payroll Discount

QuickBooks Payroll Discount — Up to 3 Employees

QuickBooks Payroll Discount — Unlimited Employees

QuickBooks Payroll Direct Deposit Special Offer

QuickBooks Payroll is an all-in-one solution for all your Payroll needs.  The product allows you to easily integrate with your current Quickbooks account for  no hassle updates. QuickBooks Payroll also allows you to get checks printed in just three easy steps, to keep your employees happy and your business running more efficiently. The added benefit of guaranteed accurate tax calculations means that you can spend less time stressing out come tax season, and more time dealing with making your business grow effectively. Also, with QuickBooks Payroll Online, you can access your Payroll account, anywhere and at anytime. No matter how big or small your business is, QuickBooks Payroll will give you the tools to take it to the next level.  Get ready to grow with QuickBooks Payroll, now with a 20% Discount, only at AccountingSoftwareDeals.com