QuickBooks Online Payroll Premium is not all just about issuing paychecks. It is intended to take some of that weight off your shoulders if you, too, are running a business while it grows.
If you’re managing payroll, taxes and HR tasks, this QuickBooks Online Payroll Premium includes additional features to help you do that. It’s not the least expensive plan, but it includes enough tools that, if you use them, the cost might be worth it.
Whether you have a small business you’re trying to grow or simply look out for payroll on behalf of from the team, you should know what you’re paying for. Before you look for QB online payroll pricing, let’s dissect what you receive, and whether it is worth the monthly dent in your budget.
Automatic Payroll And Taxes
The best part of Payroll Premium? It takes that off your plate for you — automatically does your payroll, automatically files your taxes. All you do is set the schedule, pop in your employee hours, and QuickBooks takes it from there.
It figures the paychecks, withholds the correct amounts and files the federal and state payroll taxes. It also pays those tax payments for you. No more scrambling in the final hours to meet tax filing deadlines.
If you employ any hourly workers, this tool helps ensure errors are minimized. Why the automatic system will keep you consistent and complaints surpass any guess work and spreadsheet you’ve been using.
Same-Day Direct Deposit
When you say payday is Friday, you want to deliver. The means you don’t have to wait for the deposit to clear. Same-day direct deposit Run payroll in the morning, and your team gets paid in the afternoon.
So let’s just say your week was crazy and payroll slipped through the cracks. You remember it’s Thursday night and your people need money in their accounts by Friday.
No apologies necessary, no late-night schedules to the office. Your staff will be happy that your money cleared without any hold or wait. Happy workers complain less and may be more likely to stay on in a job.
HR Support Center Access
This section often goes underappreciated, but it is a decent bonus. This includes things like manuals, job-description templates, onboarding checklists, and even workplace policies.
It beats the hassle of Googling your way through the HR rules. Assistance with writing a formal offer letter? It’s there. Wondering if you should update your employee handbook? You’ve got resources.
And if you come across something that requires the brain of an expert (let’s, say, a sticky workplace situation), you even can speak to a live HR advisor.
Time Tracking With QuickBooks Time
Apart from Quick Book price, QuickBooks Online Payroll Premium also grants access to QuickBooks Time, formerly known as TSheets. This is the time clock app for your team members!
People can check in and out easily regardless of whether they’re in the office, remote or on a job site. If you’re sick of tracking down hours, this is going to save you loads of time.
Workers can clock in and out, and you receive real-time updates. What this does is make payroll more precisely right — and faster. No more guesswork, and no more arguments over how many hours they worked.
Guarantee For Filing Taxes Penalty-Free
The QuickBooks service comes with an audacious guarantee: if they make a mistake on your payroll tax filing, they’ll pay the penalty and interest for you. A guarantee of that sort does not come easily.
It says they’re not hedging for some mysterious reason, and that should leave you breathing easier when crunch time comes. No need to think about complex tax rules or filing schedules.
If we miss something and it’s their fault, they take it on the chin. Even so, you must enter your information accurately and run the payroll on time. It’s not a free pass for every lapse, but it’s still a sturdy safety net.
So, Is It Worth It?
If your company has staff members and you are concerned about getting the payroll done right — and quickly — Payroll Premium can hardly be beat.
The automated tax filing, quick direct deposits and built-in time tracking offer you concrete value that is particularly beneficial when you are short on time or staff. HR tools are no more than the icing on the cake.
But you may not need all the extras if you have only a few contractors, or if you’re still flying solo. In that scenario, you may be better served by Essentials or Core.
