Sq . Payroll Review

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Sq . has been a leader within digital payment services for years, helping online and brick-and-mortar businesses collect payments, access money, and create rewarding commitment programs.  

Square Payroll provides convenient payroll plus tax services, adding to Square’ s all-in-one merchant-focused solution. Small enterprises, especially, can benefit from using a payroll assistance like Square Payroll to pay their groups, deduct taxes, evaluation sales, and more.

Learn how Square Payroll can ease payroll administration for your team.

Square brand logo.

Sq . Payroll Compared

Square Payroll did not make our top list of online payroll services. Our best pick, Gusto, is a great alternative to Square Payroll for most businesses, which includes new companies with no dedicated payroll team. Try Gusto free of charge for 30 days.

  • Gusto — Best for dispersed workforces
  • Paychex — Best for experienced payroll teams
  • OnPay — Best for simplifying all things payroll
  • QuickBooks Payroll — Best for solopreneurs plus small teams
  • ADP — Perfect for never outgrowing your payroll provider

Read more in regards to the best online payroll services.

Regarding Square Payroll

Although Square Payroll didn’ t create our top listing for online payroll services, it still offers plenty intended for small businesses. The company assists small business owners without payroll experience pay employees and contractors, track paid time off, and withhold multistate taxes.

  • Square Payroll On the internet Payroll Services Review

Sq . Payroll also includes other key employee management services, such as time tracking, invoicing, workers’ compensation, plus benefits package management. Business owners can choose among contractor-only plans or plans covering payments for contractors plus employees.

Sq . Payroll Health and Stability

Although Sq . was founded back in yr, Square Payroll is really a more recent offering from the digital commerce company, introduced in 2015. Square Payroll operates in all 50 of the United States and the District associated with Columbia.

Square has exhibited a promising amount of growth more than its lifetime. The parent company, Obstruct, Inc., saw the 101. 5% raise and an 85. 95% increase in revenue from 2019-2020 plus 2020-2021, respectively.

Although 2022 growth hasn’ t already been as drastic, Square’ s movement into other financial plus commerce services provides it plenty of room for successful development. For instance, the company owns Cash App and Weebly, two giant services in their sectors.  

As a result, we only expect Square and Square Payroll to continue moving up the ranks like a commerce services supplier. With Square Payroll seamlessly connecting to Square services, customers can expect it to stay as strong plus reliable as its parent company.

Sq . Payroll Pricing

Square Payroll will keep its pricing transparent by showcasing the pricing structure upon its website. Along with just two plans available, Square Payroll offers an uncomplicated process for choosing a plan based on whether you use contractors or employees.

Square Payroll Prices Structure

Square Payroll gives businesses a choice between 2 plans: Contractor Only and Employees and Contractors.  

Both plans range from the same features, for example contract-free subscriptions, mailed forms, and seasonal inactivity management. The main difference is that the Workers and Contractors plan comes with must-have functions for employee payroll, like multistate payroll and tax filings and payments.

Billing cycles are usually monthly. Contractor Just plans are charged per contractor, while an Employees and Contractors plan costs a monthly membership fee plus a smaller sized fee for each service provider or employee.  

Square Payroll Pricing Comparison

Designed to meet the needs of small businesses, Square Payroll is a extremely affordable payroll program. Its stripped-down nature makes payroll simple to manage and budget-friendly without lacking functions.

A Service provider Only plan is $5 per contractor, and an Employees and Contractors plan costs $35 a month plus $5 month-to-month per employee or contractor. This is lower pricing than the top competitor, Gusto, which usually starts at $40 per month plus $6 per month for each compensated worker.

Like many other Square Payroll competitors, Gusto will not offer a contractor-only strategy. However , Gusto’ s i9000 more robust employee benefits packages may be worth the additional cost for moderate to larger companies.

Paychex is one of the most comparable payroll services to Sq . Payroll in terms of pricing and features, with its lowest-tier package charging $39 per month plus $5 per employee per month. Still, this is a few dollars greater than Square Payroll plus lacks a contractor-only option.

Sq . Payroll Trials plus Guarantees

Square Payroll does not presently offer any totally free trials, demos, or guarantees. However , the organization doesn’ t need business owners to sign a contract. This benefit, combined with monthly invoicing, allows you to cancel your subscription anytime without a significant financial commitment or early end of contract penalty.

In addition , Square Payroll is definitely an IRS-certified reporting broker that uses the most up-to-date data plus practices to file plus manage your business’ s payroll taxes accurately. Therefore , the company can assist your business in the event of an audit.

Square Payroll On the internet Payroll Services Evaluation

Square Payroll targets small businesses needing a simplified online payroll service that manages payments intended for employees and contractors. Taking advantage of Square’ s i9000 infrastructure of digital commerce tools, Sq . Payroll is ideal for businesses already using various other Square products, such as point-of-sale equipment and team management equipment.

Continue reading this review to discover precisely why Square Payroll might be one of the best online payroll solutions for your business.

What Makes Square Payroll Online Payroll Services Great

Screenshot from Square Payroll web page with CTA and button to "get started".
Square Payroll is an inexpensive solution for smaller businesses and companies using only contractors.

  • Ease of use: Controlling payroll shouldn’ capital t be confusing, specifically for a small business handling it without a dedicated payroll department. Square Payroll is incredibly simple every step of the way, including its setup. The application asks critical questions to prepare your account and add employee information to the database to begin paying them and managing their benefits immediately. A efficient interface makes it easy in order to navigate Square Payroll’ s features, change information, get reports, and more.
  • Team management: Square Payroll goes beyond transaction management to also help teams remain organized. Your team can clock out and in with a mobile application while keeping track of their very own hours and obligations, and you can view the exact same necessary information on your end. Or, connect your Square Payroll system with Cash App to offer more flexible payment choices, like direct deposit and on-demand obligations of up to $200 per pay period.
  • Multistate payroll: Having a boom in 3rd party contracting and remote control work, it’ t become more common with regard to companies to have to pay employees in several jurisdictions. Square Payroll offers multistate payroll management with automatic tax calculations to ensure that you’ re withholding the right amount of taxes through each employee, no matter where they live. Square Payroll automatically remits your tax obligations to each jurisdiction’ s agency regarding simplified quarterly or annual filing. Additionally, it handles local plus federal taxes for your business.
  • Affordability: Square Payroll goals small businesses and, therefore , creates a pricing construction that fits smaller businesses well. This on the web payroll service is probably the most affordable of its kind, with a plan as low as $5 per month for each paid user. Actually its monthly subscription plan for employees and contractors is costed lower than many competition with similar features.    
  • Contractors-only plan: Square Payroll offers a distinctive contractors-only plan for companies that may already have the payroll service for his or her employees or for all those using only independent contractors. This plan allows businesses to save money on their payroll costs without monthly subscription fees and a charge of $5 per contractor per month. The affordable plan still includes must-have benefits to companies paying employees and contractors, like unlimited pay runs and multiple payment options for contractors.
  • Seamless Square integration: Businesses already using Square tools and equipment will most likely find that Square Payroll fits right into their particular payment infrastructure without a hitch. Square’ s i9000 payroll software is made to work with other Square tools, like its shift scheduling software, time tracking, and reporting. You can even connect your workers’ compensation insurance to your Square Payroll account for easy management of all worker benefits.  
  • Mobile app management: Employees, contractors, and employers can use the Square Payroll mobile app to manage their payments and information. For employees and contractors, the app offers payment choices, time tracking, booking tools, and the ability to clock in and out. Employers can use the app to view and print reports, change schedules, manage their accounts, and run payroll. Basically, anything you can perform from the Square Payroll website, you can also do from the mobile app.  
  • Flexible usage: Square Payroll includes a few choices for out-of-the-box business must make your account a lot more flexible. For example , in case your business operates seasonally or you have in season employees, you can temporarily stop your account’ s i9000 billing to continue when you need the support once again. You can also add and remove employees as needed and begin paying new workers or contractors immediately. Additionally , with no contracts needed to sign up for Square Payroll, businesses may cancel their accounts at any time.
  • Automatic POS imports: If you utilize Square POS to handle customer or client payments, the money a person make using the system can import directly into your Square Payroll account, too. This can make it easier to handle tips, bonuses, plus commissions your associates earn during their changes. Set up your Square Payroll account to pool tips to split between all workers on that shift or send suggestions meant for a specific employee to them via your account.
  • 401(k) benefits: You can give workers the option of signing up for 401(k) benefits through Sq . Payroll. The company companions with Guideline to provide this option, allowing you to handle your team’ ersus retirement benefits from the particular Square Payroll dash. Employees can also monitor and manage their own benefits using the application.  

Where Square Payroll Online Payroll Services Fall Short

Screenshot from Square Payroll Pricing web page showing cost of working with a competitor vs. Square with monthly savings figure.
Small businesses can easily save money with Square Payroll, but the support may not offer sufficient for larger companies.

  • Limited scalability: Square Payroll is specifically made to help small businesses manage their payroll effortlessly. That’ s certainly not a negative point. However , we believe it’ s essential to note the company’ ersus target audience, as moderate to large businesses may find that it lacks the features they need to handle payroll for any large, diverse team.
  • Fundamental reporting: Square Payroll isn’ t as pre-loaded with advanced reporting tools as some of its competitors, like Gusto. In contrast to other payroll solutions that include various customization modes to get customized reports with just the data you need, Sq . Payroll only allows you to filter by a couple of report types, workers, or date runs. Plus, it’ s i9000 not currently possible to display these reviews on the website or application. Instead, you’ lmost all need to download all of them.
  • Lack of integrations: If your business uses Square already, you won’ t have to do much to get Square Payroll to fit right in. However , this service doesn’ capital t have many integrations outside the Square atmosphere, to find it limited if you want a fully connected system of tools.
  • Limited customer support: Reliable payroll is a necessity for any business, and being able to contact your payroll provider when you need assistance is priceless. Square Payroll’ s customer care is only available simply by phone or reside chat Monday to Friday, 6 was to 6 pm PST, which could really feel restrictive for business owners.  
  • Narrow benefit options: Sq . Payroll allows company owners to set up retirement plans, health insurance plans, and other benefits for workers. However , as a payroll provider for small businesses, its benefits aren’ t as strong as those from all other services, like ADP and Gusto. For instance, you won’ to be able to offer a good HSA, college cost savings plan, or life insurance coverage through Square Payroll.

Square Payroll Online Payroll Services Compared

Our top pick for online payroll providers is Gusto, which offers an excellent mix of features and advantages for many types of teams.

  • Gusto — Best for dispersed workforces
  • Paychex — Best for experienced payroll teams
  • OnPay — Best for simplifying all things payroll
  • QuickBooks Payroll — Best for solopreneurs and small groups
  • ADP — Best for never outgrowing your payroll company

Last Verdict

Square Payroll is an helpful solution for small businesses paying contractors and employees. With a $5 contractor-only plan, it’ s also a budget-friendly solution for solopreneurs and micro businesses with only a number of partnered contractors.

Square Payroll’ s i9000 easy-to-use interface plus convenient mobile app make payroll management a breeze for small business owners. However , medium and large businesses should probably consider a more comprehensive option, like Gusto or Paychex.

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