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Best Payroll Software for Small Businesses in 2024
Managing payroll can be one of the most challenging tasks for small businesses. With multiple employees, tax compliance, and constant updates to regulations, it’s critical to find the right payroll software to handle these tasks smoothly. In this blog, we’ll explore the best payroll software for small businesses, focusing on tools like QuickBooks Payroll, Sage Payroll, and even free payroll software options.
For businesses with international employees, platforms like Deel offer robust solutions for managing global payroll and compliance with ease.
Problem: Managing Payroll and Compliance
Payroll management involves more than just paying employees—it includes tax filings, benefits, and record-keeping. Small businesses often lack the resources to hire a full HR team, so it's essential to have software that simplifies these tasks.
Agitate: Complexity and High Costs
Without the right tools, payroll can become time-consuming and prone to errors, which can lead to tax penalties and compliance issues. Additionally, many payroll software options come with high fees that aren't feasible for small businesses.
Solution: Affordable, Efficient Payroll Software
Fortunately, there are several payroll software options tailored specifically for small businesses. Below, we’ll discuss the best tools to keep your business compliant and your employees happy.
Top Payroll Software for Small Businesses
1. QuickBooks Payroll
QuickBooks Payroll is a widely used payroll solution that integrates seamlessly with QuickBooks Online. It’s ideal for small businesses that already use QuickBooks for accounting and need a simple, automated way to handle payroll.
Key Features:
Direct deposit options
Automated tax calculations and filings
Employee time tracking
Integration with QuickBooks accounting software
Pricing: Plans start at $45/month plus $5/employee.
Learn more about QuickBooks Payroll.
2. Deel for International Payroll
For businesses that need to manage international payroll and compliance, Deel is a game-changer. Deel allows small businesses to hire and pay employees and contractors in over 100 countries, handling all legal and compliance issues.
Key Features:
Global payroll in over 100 countries
Automatic tax and compliance management
Contractor and employee hiring
No need to set up local entities
Pricing: Starts at $49/month for contractor management and $599/month for full-service payroll.
3. Sage Payroll
Sage Payroll is designed for small to medium-sized businesses that need a more comprehensive payroll solution. It offers various customization options and supports direct integration with Sage’s other accounting products.
Key Features:
Automated payroll processing
Tax compliance tools
Customizable pay schedules
Integration with Sage Business Cloud
Pricing: Plans start at $49.95/month for 10 employees.
Learn more about Sage Payroll.
4. Free Payroll Software for Small Businesses
If you're a small business with fewer employees and need a budget-friendly solution, there are free payroll software options available. While free tools might lack advanced features, they can handle basic payroll and tax filing tasks.
Examples of Free Payroll Software:
Payroll4Free: Free for businesses with under 25 employees, offering payroll tax calculations and payments.
Wave Payroll: Free payroll management for up to 9 employees, though tax filing comes at an extra cost.
Payroll Software Comparison Table
Software | Best For | Key Features | Starting Price |
QuickBooks Payroll | Small businesses using QuickBooks | Automated tax filings, direct deposit | $45/month + $5/employee |
Deel | Global payroll and compliance | Contractor management, tax compliance | $49/month for contractors |
Sage Payroll | Businesses needing customization | Custom pay schedules, tax compliance tools | $49.95/month for 10 employees |
Payroll4Free | Small businesses on a tight budget | Free for under 25 employees, tax filing | Free |
Conclusion
Choosing the right payroll software can save your small business time and money while ensuring compliance with local and international laws. Whether you need a simple solution like QuickBooks Payroll or a global platform like Deel, there’s a tool for every need and budget.
Get started with Deel for global payroll solutions or explore free options for smaller teams to streamline your payroll processes today.
FAQs
1. What’s the best payroll software for small businesses?For businesses focused on local payroll management, QuickBooks Payroll is a strong option. For global payroll needs, Deel offers comprehensive solutions.
2. Is there free payroll software for small businesses?Yes, platforms like Payroll4Free and Wave offer free payroll management for small businesses with fewer employees.
3. How much does QuickBooks Payroll cost?QuickBooks Payroll starts at $45/month plus $5 per employee.
4. Can I use payroll software for international employees?Yes, Deel is specifically designed for businesses that need to manage payroll and compliance for international employees and contractors.
5. Does Sage Payroll offer custom pay schedules?Yes, Sage Payroll allows you to set customizable pay schedules to fit your business needs.
Start managing your payroll today with Deel or explore other top payroll solutions.
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