If the payroll function of your business is consuming too many human resources within your company, consider outsourcing all or portions of the function. You will be able to reassign employees from the payroll function in order to focus on other aspects of the business. How much time could you save if your employees were not processing payroll, distributing paychecks, and figuring out and paying the various withholding and employment taxes? What if you didn’t have to handle employee payroll questions? Would it be nice if you didn’t have to send out W-2s and 1099s at the end of every year? How great would it be if someone else took responsibility for the accuracy of your payroll-related tax responsibilities?
If you elect to outsource the payroll function of your business, Intuit provides three different levels of payroll service: Basic, Enhanced and Full Service. In our online payroll service review, Intuit Full Service Payroll emerges to win the TopTenREVIEWS Gold Award. However, along the way we will compare and contrast it with Intuit Basic Payroll and Intuit Enhanced Payroll just in case either of them would be sufficient for your business.
Intuit Full Service Payroll lets you outsource payroll completely. Intuit sets it up, runs your payroll and calculates paychecks. Error-free paychecks are guaranteed. You can print the checks or use direct deposit. There is no extra charge for direct deposits. Intuit also takes care of new hire reporting at no extra cost. The service supports profitability views with job costing. You can run payroll from an iPad, iPhone or Android device. And of course, Full Service Payroll integrates with QuickBooks.
If you are willing to handle a few features yourself, there is Intuit Enhanced Payroll, which doesn’t include job costing and doesn’t set up payroll for you. It also does not support all of the tax features that Intuit Full Service Payroll takes care of.
Intuit Basic Payroll integrates with QuickBooks and lets you pay checks just by entering hours. It makes it easy to pay W-2 employees, but you would need the Enhanced or Full Service levels in order to easily pay 1099 contractors. The Basic version lets you print checks or directly deposit them. However for tax issues, you are on your own.
One of the reasons that Intuit has the best online payroll service is the comprehensive tax support features included in the Intuit Full Service Payroll. Intuit files payroll taxes for you after conducting the calculations on your behalf. It takes care of the W-2s for free. Intuit makes sure you pay taxes when they are due and guarantees their accuracy.
If you are willing to take more responsibility for taxes, Intuit’s Enhanced Payroll does much of what the Full Service Payroll delivers except for filing and paying taxes. If you use Enhanced Payroll, Intuit will not guarantee you against tax penalties. Unlike Intuit Basic Payroll, however, Enhanced Payroll does include payroll tax forms and files W-2s electronically at the end of the year.
Whether you use Intuit Full Service Payroll, Intuit Enhanced Payroll or Intuit Basic Payroll, you have support via toll-free telephone from 6 a.m. to 6 p.m. Monday to Friday, Pacific Standard Time. Intuit’s payroll support pages contain many useful resources, however, which might mean that you can locate answers to questions without calling the support line. There are also training topics online, as well as a user community where Intuit Payroll clients interact and help each other to solve problems. Intuit also provides online tax compliance information about the Internal Revenue Service and the Social Security Administration, organized by state. The Payroll support pages include payroll training tutorials, employee benefits explanations and a tax management glossary.
Intuit's Full Service payroll integrates well with QuickBooks, which could be a huge convenience for you if you're already using the accounting software. However, if you use different accounting software than QuickBooks, such as Sage 50 or Quicken, you may have difficulty integrating your Intuit payroll service information.
If you accurately analyze how much time your business spends on every aspect of payroll, it might turn out that outsourcing the function completely or partially will save you time and money. Depending on the service that you select, you won’t have to calculate payroll taxes or keep up with the latest government rules. You won’t be responsible for incorrect tax calculations, and W-2s and 1099s will go out on time at the end of the year.
Intuit, a trusted brand in the financial software and services market, provides three levels of payroll service. Intuit Basic Payroll is a place to start. It takes care of W-2 employees but you can’t use it to easily pay 1099 contractors. The service supports free direct deposit, or you can print checks for free. Basic Payroll does not electronically file W-2s at the end of the year, nor does it print W-2s for employees. Basic Payroll does not take care of any tax chores.
Intuit Enhanced Payroll includes all of the Basic Payroll features and adds quite a few of the functions missing from Basic Payroll. For example, it makes it easy to pay 1099 contractors. Furthermore, the Enhanced Payroll will file W-2s at the end of the year and print them for your employees. Enhanced Payroll, unlike Basic Payroll, includes federal and state tax forms.
However, in order to receive the highest level of service when you outsource payroll to Intuit, you will need to step up to Intuit Full Service Payroll. It has all of the functionality of the Basic and Enhanced services, but it adds some important benefits. With Intuit Full Service Payroll, Intuit files and pays the taxes for you and guarantees no tax penalties. Intuit also completes your payroll setup for you. Furthermore, Intuit provides you with year-end forms and gives you detailed profit views with job costing. Pick Intuit Full Service Payroll to outsource the majority of your payroll responsibilities. If you are willing to spend some effort while outsourcing subsets of the payroll process to Intuit, then consider the Enhanced or Basic Payroll services.
Intuit’s Full Service Payroll guarantees no errors in paychecks and payroll taxes.
Support is available for a generous 12 hours per day during the week, which means it is not available on weekends.
Intuit’s payroll products address three service levels. The highest level, Intuit Full Service Payroll, is a comprehensive service with guarantees for accuracy.