Business

Top 10 Free and Low-Cost Payroll Software Options for Small Businesses

Introduction

When it comes to running a small business, managing payroll can be a time-consuming and complex task. However, with the availability of free or low-cost payroll software options, small businesses can now streamline their payroll processes while saving money. In this article, we will highlight ten such payroll software options that provide basic payroll processing features at minimal or no cost.

1. Payroll4Free

Payroll4Free is a web-based payroll software that offers free payroll processing for small businesses. With Payroll4Free, you can easily calculate and process payroll, generate pay stubs, and file tax forms. The software also provides features like direct deposit, employee self-service, and tax reporting.

2. Wave Payroll

Wave Payroll is another free payroll software option for small businesses. It allows you to automate your payroll processes, including calculating and filing payroll taxes. Wave Payroll also provides features like direct deposit, employee self-service, and tax form generation.

3. Payroll by Wave

Payroll by Wave is a low-cost payroll software option that offers additional features compared to Wave Payroll. In addition to payroll processing, it provides benefits administration, time tracking, and integration with accounting software. Payroll by Wave also helps with tax form generation and filing.

4. Paychex Flex

Paychex Flex is a comprehensive payroll software solution that offers both free and paid options for small businesses. The free version provides basic payroll processing features, while the paid version offers additional features like employee benefits administration, time and attendance tracking, and HR management.

5. Gusto

Gusto is a popular payroll software option for small businesses. While it is not entirely free, Gusto offers a low-cost plan that includes features like payroll processing, tax form generation, and employee self-service. Gusto also provides additional HR features like onboarding and benefits administration.

6. OnPay

OnPay is a user-friendly payroll software option that offers affordable pricing for small businesses. It provides features like payroll processing, tax form generation, and direct deposit. OnPay also offers integration with popular accounting software and benefits administration.

7. Patriot Software

Patriot Software is a cloud-based payroll software that offers a free option for small businesses with up to 100 employees. The free version includes payroll processing, tax form generation, and employee self-service. Patriot Software also provides additional HR features like time and attendance tracking.

8. SurePayroll

SurePayroll is a comprehensive payroll software option that offers both free and paid plans for small businesses. The free version provides basic payroll processing features, while the paid version offers additional features like tax form generation, time and attendance tracking, and integration with accounting software.

9. Zenefits

Zenefits is an all-in-one HR software that includes payroll processing as one of its features. While it is not entirely free, Zenefits offers a low-cost plan that includes payroll processing, tax form generation, and benefits administration. Zenefits also provides additional HR features like onboarding and time and attendance tracking.

10. Square Payroll

Square Payroll is a payroll software option specifically designed for small businesses. It offers features like payroll processing, tax form generation, and direct deposit. Square Payroll also integrates seamlessly with other Square products, making it a convenient choice for businesses already using Square for payment processing.

Conclusion

Managing payroll doesn’t have to be a costly and time-consuming task for small businesses. With the availability of free or low-cost payroll software options, businesses can streamline their payroll processes while saving money. Whether you choose a completely free option like Payroll4Free or opt for a low-cost solution like Gusto, these payroll software options provide the basic payroll processing features that small businesses need. Consider your business’s specific requirements and choose the payroll software that best fits your needs.

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