Payroll can be a complicated task for small businesses, and most small businesses are unable to deal with that task alone that’s where ADP payroll for small business comes in. When looking for a payroll service for small businesses, ADP is one of the largest and oldest payroll providers out there.
ADP Payroll for Small Business
ADP payroll for small businesses is specifically designed for companies that employ between 1 and 49 employees. Not only will ADP handle payroll for small businesses, but every package comes with the added bonus of tax filing and the option to offer direct deposit to employees, which makes it quick and easy for employees to receive their pay.
While ADP payroll for small business offers three different levels of its traditional payroll service for small businesses depending on the level of service required, the company also offers its online-only service, ADP Run. ADP Run requires the user only to log onto the ADP website to enter payroll information, compared with the original version of the payroll service which requires users to phone-in or fax-in payroll numbers. While ADP for small businesses handles tax payments and filings, ADP Run does not offer the same level of payroll tax services.
ADP will take the payroll numbers either phoned-in, faxed-in, or entered online, and will calculate tax withholdings to come to a final paycheck amount and will directly withdrawal the funds from a bank account for the small business and deposit the money into employee accounts. Depending on the service chosen, paper checks and debit cards can also be issued to employees.
How much does ADP payroll cost? The cost to small businesses depends on the number of employees and the pay frequency. Assume that your small business employs three people and paychecks are distributed twice per month. Using ADP Essential Payroll, which is the most basic service available to small businesses and only offers direct deposit rather than check stuffing or debit cards, there would be a charge of $58.00 per payroll period, meaning that the monthly fee would be $116 (according to a May 2011 online price quote). That’s $116.00 to have payroll prepared, processed, direct deposited, and taxes withheld, remitted, and filed. Small businesses will also have access to an electronic detailed report about payroll.
While there are advantages to using the service, including the speed and convenience of using a relatively low cost payroll service, there are disadvantages. Although the cost is low, $116 per month may be overwhelming for a three employee operation that is just starting out. Small businesses that have found the need to hire a dedicated bookkeeper to keep track of the business accounting may find it easier and more cost effective to add payroll processing to their bookkeeper’s job description.
About ADP for Small Business Payroll Solutions
ADP payroll offers a full-service online payroll and tax solution designed to get you out of payroll processing and back to running your business.
Designed to be simple, straightforward and intuitive, this powerful web-based payroll application makes it simple to run your payroll anywhere, anytime and from any Internet connection. There’s no software or installation required – all you need is your secure User ID and password.
Use the links to the left to learn more about how ADP payroll can help you reduce your administrative burden and focus on your core business.
If your business needs payroll then you might want to check out ADP payroll for small business.