Plus, businesses get to use it at a fair price tailored to their exact needs, and integrate it easily until it fits their most specific needs. What makes Gusto so successful? The platform delivers a solid set of payroll features, coupled with an unusually well-designed user interface, and constant innovations that help customers keep up with all payroll trends. Described as ‘refreshingly easy’, Gusto helps managers save an incredible amount of time, and eliminates cumbersome errors caused by multiplied data entry. Gusto revolutionized in many ways the quality of digitized payroll small businesses were entitled to, and grew up to be one of world’s leaders in accurate benefits management.
While this can be alleviated by adopting software systems dedicated to handling finances, small businesses have a history of either purchasing them too late or not purchasing them at all.īut if you are a small business owner who is now ready to shift to using cloud-based payroll solutions and currently looking for the payroll software that can work the best for you, our list of 20 best payroll software providers of 2022 is a good place to start. For small businesses, especially those who are still processing their payroll manually, keeping up with all of the modifications on top of handling the usual accounting challenges can be a nightmare. Incorporating these changes in the payroll structure can be taxing even to companies with a solid accounting department. Other changes include paid sick leave tax credits, which grant emergency paid leaves to employees who have to quarantine or have been potentially infected by COVID-19. For the employees who were able to keep their jobs between March 13 and December 31, 2020, they were given up to $5,000 retention credit but only if they had not yet benefitted from the PPP. Because of the pandemic, they also have to accommodate the adjustments in healthcare, insurance, and Supplemental Security Income (SSI) benefits. Despite the assistance, 32% of loan recipients still had to lay off employees or cut their wages even before the year ended.Ĭutting down wages and the number of their employees were just among the many changes small businesses have to deal with. Under the Paycheck Protection Program (PPP), small businesses in the United States were given the opportunity to apply for a loan of up $10 million in order to continue paying their employees amid the COVID-19 crisis. And in this article, we walk you through some of the best payroll software solutions that might be ideal for your business. Furthermore, the requests for unemployment claims have significantly increased. For small businesses that are still handling payments with Excel sheets, the changes can be quite challenging and confusing, and cause delays in payment processing.įortunately, there are payroll software solutions that are readily available in today’s market. Processing payroll has been more challenging, especially with the updates being implemented including the Paycheck Protection Program or PPP. With its ability to integrate into a wide range of business systems, Gusto ensures the accuracy of data and efficiency of processes between your finance and HR teams.Īt the onset of the COVID-19 outbreak, the lockdown mandates have not only temporarily and/or permanently closed brick-and-mortar businesses, the pandemic has also changed how internal business processes operate.
The solution provides a cloud-based interface and can address the requirements of both small businesses and enterprises.
The best payroll software is Gusto when it comes to flexibility and scalability.
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