Did you know 44% of small businesses in the U.S. outsource their payroll? This shows how vital it is to pick the right payroll solution. Gusto Payroll and Square Payroll are great for small businesses. They offer easy-to-use payroll software. But, Gusto Payroll. vs Square Payroll there are big differences between them that matter for your business.
This article will compare Gusto Payroll and Square Payroll in detail. We’ll look at their prices, features, how they work together with other tools, tax help, and more. This will help you pick the best payroll solution for your business. Knowing what each platform offers will help you make a smart choice. This choice will make your payroll easier, keep you in line with the law, and help manage your employees better.
Key Takeaways
- Gusto Payroll and Square Payroll offer affordable and user-friendly payroll solutions for small businesses.
- Gusto Payroll provides more extensive HR and benefits management features, while Square Payroll is better integrated with other Square products.
- Gusto Payroll’s pricing is slightly higher than Square Payroll, but it offers additional reporting, employee tracking, and benefit options.
- Gusto Payroll’s Embedded Payroll feature allows for seamless integration with third-party software, while Square Payroll excels in bonus and commission handling.
- Businesses should consider their specific needs, such as industry, existing software integrations, and HR requirements, when choosing between Gusto Payroll and Square Payroll.
Introduction to Gusto Payroll and Square Payroll
Managing payroll is key for small businesses. It ensures employees get paid right and on time. It also covers tax and HR tasks. Gusto Payroll and Square Payroll are top choices for small businesses. They help with payroll, tax, and managing employees. Picking the right one can boost your business’s efficiency and make employees happy.
Overview of Payroll Software for Small Businesses
Payroll software like Gusto Payroll and Square Payroll helps small businesses manage pay, taxes, and HR tasks. They automate payroll tasks for accurate and timely payments. They also handle tax filings and keep you in compliance. Using these online services saves time and lets businesses focus on their work.
Importance of Choosing the Right Payroll Solution
Choosing the right payroll software is key for small businesses. The right one makes managing employees and payroll easier, saving time and money. The wrong one can lead to problems with compliance, unhappy employees, and more work. It’s important to look at what Gusto Payroll and Square Payroll offer to find the best fit for your business.
| Criteria | Gusto Payroll | Square Payroll |
|---|---|---|
| Pricing | Starter plan: $40 base fee + $6 per employee | Simple plan: $40 base fee + $6 per employee |
| Contractor-only Payroll | US contractors: $35 base fee + $6 per worker; Global contractors: quote-based | US contractors only: $6 per worker |
| Add-on Solutions | Health insurance, benefits plans, retirement plans (quote-based) | Health insurance, retirement plans (quote-based) |
| Customer Support | Chat, phone, email support with access to HR advisors | Chat, phone support with access to HR online resources and advisory services (paid add-on) |
Gusto Payroll vs. Square Payroll: Pricing Comparison
When looking at payroll solutions, pricing and features matter a lot for small businesses. Gusto Payroll and Square Payroll both offer good options. But, their pricing and what they include can differ.
Gusto Payroll Pricing and Features
Gusto Payroll has different pricing plans, starting at $40 a month plus $6 for each employee. These plans come with full-service payroll, HR tools, and help with employee benefits. The cost of their Premium plan is not shared publicly. You have to talk to their sales team for a quote.
Square Payroll Pricing and Included Features
Square Payroll starts at $35 a month plus $5 for each employee. This plan includes tax filings, direct deposit, and time tracking. They also have a contractor plan for $6 per person with no monthly fee.
| Pricing Comparison | Gusto Payroll | Square Payroll |
|---|---|---|
| Starting Price | $40 per month + $6 per employee | $35 per month + $6 per employee |
| Pricing Plans | Simple, Plus, Premium | Full-service Payroll, Contractor-only |
| Payroll Runs | Unlimited | Unlimited |
| Contractor-only Plan | $6 per person per month | $6 per person per month |
| Rating | 4.6 out of 5 | 4.2 out of 5 |
Gusto Payroll and Square Payroll offer great pricing for small businesses. It’s important to compare what they offer and the cost. This helps you choose the best one for your company’s needs and budget.
Key Features of Gusto Payroll
Gusto Payroll is a top choice for small businesses. It simplifies payroll management with features like Autopilot. This feature automates payroll processing, including tax calculations and filings.
Gusto Payroll also offers HR integration. This means you can handle HR tasks like employee onboarding, benefits, and time tracking in one place. It helps you stay on top of employment laws and makes HR management easier.
Autopilot Payroll Processing
Gusto’s Autopilot feature makes payroll easy by doing tasks like:
- Calculating and withholding taxes
- Filing tax forms and payments
- Generating pay stubs and W-2s
- Depositing employee paychecks
Integrated HR and Employee Onboarding
Gusto Payroll combines with HR features for easy management. You can handle tasks such as:
- Onboarding new employees with ease
- Administering employee benefits and deductions
- Tracking time and attendance
- Generating reports for compliance and analysis
This integration saves you time, cuts down on errors, and keeps you in line with employment laws.
Key Features of Square Payroll
Managing payroll for a small business can be tough. Square Payroll makes it easier with features designed just for you. The Square Payroll mobile app lets you and your team handle payroll anywhere. You can clock in and out, check pay stubs, and see payroll info right on your phone.
But there’s more than just the app. Square Payroll also has great tools for managing your team. You get scheduling, tip pooling, and time tracking. These tools make sure your payroll is accurate and your business runs smoothly.
Mobile App for Payroll Management
The Square Payroll mobile app changes the game for small business owners. It lets you do payroll tasks from your phone. You can clock in and out, see pay stubs, and check payroll info easily.
Team Management and Time Tracking Tools
Square Payroll does more than just paychecks. It has tools for scheduling, tip pooling, and time tracking. These tools work with the payroll system. They make sure your team’s hours are right in their paychecks.
| Feature | Description |
|---|---|
| Mobile App | Allows you and your employees to manage payroll on-the-go, with features like clocking in/out, viewing pay stubs, and accessing payroll information. |
| Team Management | Includes scheduling, tip pooling, and time tracking tools to streamline employee operations and ensure accurate payroll calculations. |
With the Square Payroll app and team management tools, you can easily manage your small business payroll. This ensures your employees get paid right and helps your business run better.
Gusto Payroll, Square Payroll: Integration Capabilities
Managing your small business’s payroll can be easier with the right software. Gusto Payroll and Square Payroll make it simple by working well with other platforms. This helps you work more efficiently and improve your workflow.
Gusto Payroll’s Third-Party Integrations
Gusto Payroll is great at connecting with other tools like accounting and HR software. It’s ranked high by Software Advice for its performance. Customers find it easy to use, taking just 13 minutes to run payroll.
Gusto works with apps like Xero, Clover, Trainual, TSheets, and QuickBooks. This makes sharing data easy and boosts your workflow.
Square Payroll’s Ecosystem Integration
Square Payroll works well with other Square products like the POS system and Team Management. This lets businesses manage payroll and other operations in one place. It’s a complete set of tools for your business.
Both Gusto Payroll and Square Payroll offer strong integration options. They help streamline your business and boost efficiency. Picking the right payroll software and using its features can unlock your business’s full potential.
Tax Compliance and Support
Getting payroll tax filings right is key for any payroll solution. Gusto Payroll does the hard work for you. It figures out, files, and pays federal, state, and local taxes. This helps small business owners with tax tasks. Square Payroll also makes tax compliance easy by calculating and paying taxes for you. Both platforms offer help and support to make payroll taxes easier to understand and stay on top of.
How Gusto Handles Tax Filings and Compliance
Gusto Payroll makes gusto payroll tax compliance easy. It takes care of calculating, filing, and paying taxes for you. Gusto also gives personalized support to help you get your taxes in order. This makes managing taxes smooth and worry-free.
Square Payroll’s Approach to Tax Compliance
Square payroll tax compliance is a big deal for the platform. Square Payroll figures out and pays the right taxes for you. It also sends out W-2 and 1099-NEC forms to your team. With Square Payroll, you can be sure your business meets all tax rules.
| Feature | Gusto Payroll | Square Payroll |
|---|---|---|
| Automatic Tax Calculations | ✓ | ✓ |
| Tax Filing and Payment | ✓ | ✓ |
| W-2 and 1099-NEC Form Generation | ✓ | ✓ |
| Tax Compliance Support | ✓ | ✓ |
Customer Support and User Experience
Handling your small business’s payroll is easier with good user experience and customer support. Gusto Payroll and Square Payroll know how important this is. They make sure you get the help you need to handle payroll smoothly.
Gusto Payroll is known for its great customer support. You can talk to experts 24/7 who will help with any questions or problems. The site is easy to use, and there are lots of resources to keep you informed.
Square Payroll offers support during regular business hours. It’s easy to use and works well with the Square system. This makes it a top pick for small businesses in retail and hospitality.
| Feature | Gusto Payroll | Square Payroll |
|---|---|---|
| Customer Support | 24/7 access to a team of experts | Business hours support |
| User Experience | Intuitive interface and streamlined workflows | Seamless integration with the Square ecosystem |
Choosing between Gusto Payroll and Square Payroll depends on what your business needs. Both offer easy-to-use experiences and good support. This lets you focus on your business while payroll is taken care of.
Gusto Payroll vs. Square Payroll: Embedded Payroll and Bonus Handling
Businesses have many options for managing payroll, each with its own strengths. Gusto Payroll and Square Payroll are two top choices. They differ in how they handle payroll and bonuses.
Gusto’s Embedded Payroll Functionality
Gusto Payroll stands out with its Embedded Payroll feature. It lets businesses easily add payroll to their current systems. This is great for companies using other Gusto tools or needing to combine payroll from various systems.
Square Payroll’s Approach to Bonus Payments
On the other hand, Square Payroll makes handling bonuses easy. It lets companies manage bonuses and commissions well with regular pay. This is useful for companies that pay based on performance or want to motivate their team.
Gusto Payroll and Square Payroll both bring unique benefits to payroll and employee pay. It’s important for businesses to think about what they really need before choosing.
Choosing between Gusto Payroll and Square Payroll depends on what your business needs. If you want easy integration or flexible bonus options, these providers have great solutions for you.
Industry-Specific Considerations
Choosing the right payroll solution is key for your business. Gusto Payroll and Square Payroll have features for different business types. It’s important to look at what your industry needs.
Gusto Payroll for Professional Services Businesses
Gusto Payroll is great for professional services like accounting or law firms. These businesses need tools for managing employees well, including easy onboarding and tracking work hours. Gusto’s platform makes these tasks easier, helping firms focus on their clients.
Square Payroll for Retail and Hospitality Industries
For retail and hospitality, Square Payroll is a good choice. It works well with point-of-sale systems and helps manage schedules and tips for hourly workers. The mobile app and easy integration with Square make operations smoother.
Choosing between Gusto Payroll and Square Payroll depends on your business’s needs. Look at their features, prices, and how well they work together. This way, you can pick the best payroll software for your business.
| Feature | Gusto Payroll | Square Payroll |
|---|---|---|
| Industry Focus | Professional Services | Retail and Hospitality |
| Key Strengths | Comprehensive HR tools, robust benefits administration | Seamless POS integration, team management features |
| Ideal for | Accounting firms, law practices, and other professional services businesses | Retail stores, restaurants, and hospitality businesses with hourly workforce |
Gusto Payroll vs. Square Payroll: Career Opportunities
Looking at payroll software for your small business? Don’t just focus on features and prices. Think about the career chances each platform offers too.
Gusto Payroll is an all-in-one HR and payroll solution. It offers a wide range of career paths. You could work in payroll, HR, customer support, product development, or marketing. Gusto’s broad range lets you try different careers and grow your skills.
Square Payroll, part of the Square family, has jobs in payment processing, point-of-sale systems, and software engineering. If you like payments, tech, and helping small businesses, Square could be a great place to work.
| Career Opportunities | Gusto Payroll | Square Payroll |
|---|---|---|
| Payroll Administration | ✓ | |
| HR Management | ✓ | |
| Customer Support | ✓ | |
| Product Development | ✓ | ✓ |
| Payment Processing | ✓ | |
| Point-of-Sale Systems | ✓ |
Are you into payroll, HR, or tech? Both Gusto Payroll and Square Payroll have great career paths. Think about your future when picking a payroll solution for your small business.
Conclusion
When choosing between Gusto Payroll and Square Payroll, think about what your business needs, your budget, and what features matter most. Both payroll software options are easy to use and affordable. But, they differ in HR integration, tax compliance support, and how they help specific industries.
If you’re a small business looking for a full online payroll and employee management solution, Gusto Payroll might be the best choice. It offers great HR solutions and payroll services. On the other hand, Square Payroll is simpler and cheaper. It’s great for very small businesses or those needing basic payroll automation.
By looking at the good and bad of each payroll platform, you can pick the best one for your business. This choice should be based on your business’s specific needs and the features that help you meet your goals. The decision between Gusto Payroll and Square Payroll should be made with your business’s best interests in mind.
FAQ
What are the key differences between Gusto Payroll and Square Payroll?
Gusto Payroll and Square Payroll are top choices for small businesses. They differ in pricing, features, and how they handle taxes. Gusto offers more HR tools and help with benefits. Square is great with other Square products and has a mobile app for payroll on the go.
How do the pricing plans compare between Gusto Payroll and Square Payroll?
Gusto Payroll starts at $40 a month plus $6 per employee. It includes payroll, HR tools, and help with benefits. Square Payroll is simpler, starting at $35 a month plus $5 per employee. It offers tax filings, direct deposit, and time tracking.
What are some of the standout features of Gusto Payroll?
Gusto Payroll simplifies payroll and HR with features like Autopilot for automated processing and tax filings. It also has HR tools for onboarding and managing benefits.
How does Square Payroll differentiate itself in terms of features?
Square Payroll is known for its mobile app for managing payroll anywhere. It also has tools for team management like scheduling and time tracking.
Can Gusto Payroll and Square Payroll integrate with other software platforms?
Yes, both platforms work well with other software. Gusto integrates with accounting, HR, and time tracking tools. Square works with other Square products like the POS and team management tools.
How do Gusto Payroll and Square Payroll handle tax compliance and support?
Both platforms handle taxes for you, filing and paying federal, state, and local taxes. They offer support and guidance to keep you in line with the law.
What are the customer support and user experience features of Gusto Payroll and Square Payroll?
Gusto Payroll has 24/7 support. Square Payroll provides support during business hours. Both platforms aim to make payroll easy for small business owners with clear interfaces and streamlined processes.
How do Gusto Payroll and Square Payroll differ in terms of industry-specific capabilities?
Gusto Payroll is great for professional services with its HR and benefits tools. Square Payroll fits retail and hospitality with its POS and team management features.
What career opportunities can Gusto Payroll and Square Payroll offer?
Gusto Payroll offers roles in payroll, HR, and customer support. Square Payroll provides jobs in payment processing, POS systems, and product development, along with payroll roles.
