Square Payroll vs. Deel: Which Payroll Solution Is Best in 2024?

Payroll with Square vs. Deel: Which Payroll Solution is Right for You in 2024?

Payroll management is crucial for businesses of all sizes. Square Payroll offers a streamlined solution for small to medium-sized U.S. businesses, while Deel excels at handling global payroll, especially for businesses with international employees or contractors. This blog post compares both platforms to help you determine which one fits your business’s needs.

Why Payroll Automation Matters

Problem: Manual payroll processes are time-consuming and prone to errors.

Agitate: Payroll errors can lead to fines, non-compliance, and employee dissatisfaction, impacting your business’s growth.

Solution: Automated payroll platforms like Square and Deel help businesses streamline payroll, ensuring compliance and timely payments.

Square Payroll vs. Deel: Feature Comparison

Feature	Square Payroll	Deel
Payroll Management	U.S.-based payroll, automated tax filing, direct deposit	Global payroll, multi-currency payments, contractor management
Compliance	Federal and state tax compliance	Compliance in 150+ countries
Employee & Contractor Support	Supports full-time and part-time employees, contractors	Supports employees and contractors worldwide
Benefits Integration	Health insurance, 401(k) integration	No direct benefits integration, focus on contractor payments
Pricing	Starts at $35/month + $5/employee	Custom pricing via Deel link
Best For	U.S.-based small businesses and contractors	Global businesses with remote or international teams

Key Features of Square Payroll

1. Automated Payroll: Square Payroll simplifies payments for U.S.-based employees and contractors, automating direct deposits and tax filings.

2. Time Tracking Integration: Square integrates with time-tracking software, making it easy to calculate accurate payroll based on employee hours worked.

3. Benefits Administration: Employers can offer health insurance, 401(k) plans, and workers' compensation insurance through the platform.

4. Tax Compliance: Automatically handles federal, state, and local tax filings, ensuring that your business stays compliant.

Why Deel is the Best Choice for Global Payroll

For businesses with international employees or contractors, Deel stands out as the top payroll platform. Here’s why:

• Global Payroll and Compliance: Deel simplifies paying employees and contractors in over 150 countries, managing taxes, compliance, and local regulations.

• Contractor Management: Deel automates contractor payments, allowing businesses to manage both employees and contractors globally with ease.

• Multi-Currency Payments: Deel ensures accurate payments in local currencies, reducing the risk of currency conversion issues.

To learn more about Deel’s pricing and features, visit Deel’s website.

Conclusion

Square Payroll and Deel offer powerful payroll solutions, but their strengths cater to different types of businesses. Square Payroll is perfect for U.S.-based businesses that need a simple, cost-effective solution with benefits integration. Deel, on the other hand, is ideal for businesses with a global workforce or contractors, providing comprehensive payroll management across borders. Both platforms offer automation and compliance, but the best choice depends on your business’s location and workforce composition.

FAQs

1. What is the main difference between Square Payroll and Deel?Square Payroll is U.S.-focused, handling payroll for domestic employees, while Deel specializes in global payroll for international teams and contractors.

2. Can Deel handle payroll for contractors?Yes, Deel is built for managing both employees and contractors across 150+ countries, including automated contractor payments.

3. Does Square Payroll offer global payroll?No, Square Payroll is primarily designed for U.S.-based businesses. For global payroll, Deel is a better option.

4. How much does payroll software cost?Square Payroll starts at $35/month plus $5 per employee, while Deel offers custom pricing based on your business needs.

5. Why use payroll software?Payroll software automates payroll calculations, ensures compliance, and reduces errors, freeing up time for HR teams to focus on strategic tasks.