Payroll 101
When an owner of a sole proprietorship, partnership or limited liability company (LLC takes money from their business for personal use.
What is an Owners Draw
Standard payroll processing takes 4 business days with this payroll competitor.
What is Square
Intuit will set up your payroll for you.
What is Elite Payroll
Four features available with QB Time Premium.
Mobile app with GPS, Streamlined payroll and invoicing, QB integration, Job and shift scheduling, real-time reports, see who's working, Time-off management, Alerts, and notifications, Photo attachments, time clock kiosk, and Unlimited live customer support.
This allows the employer to pay a portion of their workers' comp insurance each time you run payroll, spreading the cost over the year.
What is a Pay-as-you-go payment service
This quarterly form compares federal payroll taxes owed with taxes paid during the quarter to determine whether your payments were timely, and whether you have a balance due.
Payroll customer should expect to pay additional fees for process W2's with this payroll company.
What is ADP
Offers Same Day Direct Deposit
What is Premium and Elite Payroll
Locations are tracked periodically, as you move around while on the clock.
What is GPS tracking
Get anytime access to essential tools and resources, plus state and federal compliance guidance you can actually understand and use.
What is HR by Mineral available with Elite and Premium Payroll
Type of tax that is imposed on people who live or work in a specific area. These taxes are due in addition to federal income and state income taxes.
What are local taxes
This payroll competitor doesn't offer HR services, multi-state payroll, or any tax fines penalties due to customer error.
What is Square
It doesn't matter who made the error. If you receive a feral, state, or local payroll tax penalty form. We'll help to resolve it and will reimburse any penalty and interest cost- up to $25,000 a year.
What is Tax Penalty Protection Elite only
A signature box on each timesheet is available for employees to sign as they clock out. The signatures are viewable by an admin or manager in time entries and many reports.
Timesheet Signatures with QB Time Elite
Offers medical, dental, and vision insurance nationwide and allows you to compare plans for value, coverage, deductible, and out-of-pocket cost so you can find the plan that works best for your team.
What is SimplyInsured
What are payroll deductions
This competing payroll service charges additional fees for Time Tracking, EOY W-2's, Multiple states, off-cycle payroll runs, and same-day direct deposit
What is Paychex
this is available by request only. A dedicated payroll specialist will review your payroll setup to make sure your are set for success from the start.
What is the Expert Review available for Premium and Elite Payroll
Compare your budgeted hours to final hours worked in an easy-to-view chart for making better estimates and future job costing.
What is Project estimates vs. actuals reporting in QB Time Elite
Provides affordable 401(k) plans that seamlessly connect with QuickBooks Payroll
What is Guideline
Federal form that verifies the eligibility of individuals for employments.
W-9
This payroll competitor charges a per-employee fee for all employees on the books whether they pay them or not.
What is Gusto
These services will support filing and paying your local taxes.
What is Elite and Premium Payroll
Physical addresses added to jobs and customers will allow the team members to receive notifications from their mobile app to clock in or out based on when they entered or left the job site.
What is GEOFencing in QB Time Elite
A way to stay compliant with mandatory labor law posting regulations.
What is the Compliance Poster subscription