Square, Inc. Unveils Payroll System for Small Businesses
Square, Inc. intends to make it a whole lot easier for small businesses to do their payroll, with its new Square Payroll product, now available for California sellers, and soon to be expanded to more states soon.
Businesses with hourly employees, especially, will benefit from the features of Square Payroll:
· Timecards are integrated: Hourly employees can easily clock in and out from the register and their hours are automatically imported into the system.
· Taxes are taken care of: You don’t have to sweat your federal and state payroll taxes. Payroll automatically handles the stuff you want to make sure you get right, like withholdings, payments, and filings.
· Easy setup: Onboarding is quick and simple for both employer and employees. And employees can set up direct deposit and access their pay stubs online.
· Affordable and transparent pricing: No need to call for a quote or worry about what extra fees you'll pay. Square Payroll pricing is clear: $20 a month plus $5 for each employee paid that month.
· Open to all: Although Payroll was built with hourly employees in mind, it works just as well for salaried staff. And anyone can use Payroll, even if you’re not processing payments with Square.
This all nets out to a lot of saved time. 3 Steves Winery owner and partner Steve Ziganti used to spend nearly an hour every time he had to do the payroll at his Livermore, California business. With Square’s easy onboarding and integrated system, he says it now takes him five minutes to pay his 25 hourly employees.
As Ziganti explained, "At first, I spoke to my accountant about doing our payroll. But when I told him what Square offered and charged, he said, ‘Heck, I’d use that.’ My own accountant told me to choose Square over him.”
Businesses with hourly employees, especially, will benefit from the features of Square Payroll:
· Timecards are integrated: Hourly employees can easily clock in and out from the register and their hours are automatically imported into the system.
· Taxes are taken care of: You don’t have to sweat your federal and state payroll taxes. Payroll automatically handles the stuff you want to make sure you get right, like withholdings, payments, and filings.
· Easy setup: Onboarding is quick and simple for both employer and employees. And employees can set up direct deposit and access their pay stubs online.
· Affordable and transparent pricing: No need to call for a quote or worry about what extra fees you'll pay. Square Payroll pricing is clear: $20 a month plus $5 for each employee paid that month.
· Open to all: Although Payroll was built with hourly employees in mind, it works just as well for salaried staff. And anyone can use Payroll, even if you’re not processing payments with Square.
This all nets out to a lot of saved time. 3 Steves Winery owner and partner Steve Ziganti used to spend nearly an hour every time he had to do the payroll at his Livermore, California business. With Square’s easy onboarding and integrated system, he says it now takes him five minutes to pay his 25 hourly employees.
As Ziganti explained, "At first, I spoke to my accountant about doing our payroll. But when I told him what Square offered and charged, he said, ‘Heck, I’d use that.’ My own accountant told me to choose Square over him.”