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Small Business Payroll Service More Affordable Than Ever

Saturday, November 15 2008
I am a strong proponent of using payroll services like ADP, Paychex, and Intuit’s payroll add on to QuickBooks.

 

Nearly 20 years in banking have taught me that when a business slows or stops remitting their payroll taxes, trouble starts with the Internal Revenue Service (IRS). I spend half of every week working with businesses trying to find ways to get the IRS out of people’s lives. So when I start working with a new client the first thing I require is that they use a payroll service to start getting all future 941 taxes paid in a timely manner. For small businesses, this can be expensive.

 

Recently Intuit, the company that provides the most widely used accounting software in small business today – QuickBooks, has announced upgrades and discounts to their integrated Quickbooks and Payroll service. Starting at $9.95 / per month for a 3 employee company, there is simply no reason why all businesses don’t use a service that handles their 941 taxes for them.

 

Intuit’s payroll product website is: http://www.intuitonlinepayroll.com/.

 

Here is a recent press release that outlines changes in their pricing and services:

 

Intuit Online Payroll Lowers Price; Helps Firms Avoid Payroll Penalties

 

MOUNTAIN VIEW, Calif. - Nov. 10, 2008 - American small businesses are behind on their payroll taxes - to the tune of about $58 billion. That's the amount that an estimated 1.6 million small businesses owe in unpaid federal payroll taxes and penalties, according to the most recent government report.  

To help small businesses accurately run their payroll - and avoid costly mistakes and penalties - Intuit Inc. (Nasdaq: INTU) is offering its Online Payroll service for $9.95 a month for a limited time to new users. Those signing up for the service will also receive a free 90-day trial, letting them run their payroll for less than $100 for a full year. That's a 66 percent savings over the regular $29.95 per month fee, and less expensive than alternative online tools.

"I wish I'd found Intuit Online Payroll 13 years ago," said Laurie McNeely, manager of Grimes Credit Union in Urbana, Ohio. "It's so much easier than doing payroll by hand and saves me so much time. I have much less worry and stress. It frees me up to do other things."

Managing Payroll Quickly, Easily, Confidently

Intuit Online Payroll, an alternative to the often error-prone manual methods many small businesses use to pay their employees, is designed to help small businesses quickly, easily and confidently set up and manage payroll. The service builds on Intuit's lineup of leading payroll solutions currently used by more than 1 million small businesses.

"More than 1 million small businesses already use Intuit Payroll solutions to pay more than 15 million employees," said Cameron Schmidt, vice president of Intuit's payroll division. "We've reduced the price of Intuit Online Payroll for a limited time to help even more small businesses benefit from getting their payroll under control. We want to help them with the hard stuff so they can focus on their real passion - running their business."

Free Information to Help Manage Payroll

Intuit Payroll also has a variety of free resources to help small business owners understand the payroll process. They include:

 

Payroll Video Tutorial: Shows how to easily set up and run payroll online. Available at www.intuitonlinepayroll.com/video

Business Owner's Guide to Hiring and Paying Employees: Provides all the information an employer needs when hiring employees - including government requirements - in easy-to-understand language.

Intuit QuickBooks Payroll Year-End Center: Helps small business owners perform the most common payroll tasks that they and their accountants may need to complete to help ensure a smooth year-end transition.

 

Pricing and Availability

Intuit Online Payroll is available for a limited time at $9.95 per month, starting with a free, three-month trial. This offer is 66 percent below the regular monthly price of $29.95. There is no penalty for canceling. More information on this offer is available at http://www.intuitonlinepayroll.com/.

 


Sam Thacker is a partner in Austin Texas based Business Finance Solutions.

You may contact Sam directly at: sam@lesliethacker.com

or follow him on Twitter: SMBfinance

 

EXTRA: If you have questions for Sam regarding business financing, the credit market, and similar issues, please call 1-877-49-EXPERT. Your questions will be recorded and Sam will answer the best ones in his Ask the Expert podcast show.

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