QuickBooks Payroll Review – Forbes Advisor

If you are already using QuickBooks Online for accounting, QuickBooks Payroll is an excellent app for managing accounting as well as payroll from a common platform. However, QuickBooks Payroll is capable of taking care of your payroll needs as a stand-alone app as well. In fact, it made it to our list of best payroll software (August 2022).

QuickBooks Payroll automatically calculates payroll so you don’t need to worry about how to calculate payroll every month. All you need to do is enter the details of all your employees and fix the day their payroll must run. It also manages independent contractor payroll for you.

QuickBooks Payroll is available in all 50 states, however, it charges extra for paying employees in other states. If you stick with its Core plan, the pricing is cost-effective but Premium and Elite plans can get expensive as the team grows.

Here is how the monthly fees for QuickBooks Payroll break down:

  • Core: $45 per month plus $5 per employee per month
  • Premium: $75 per month plus $8 per employee per month
  • Elite: $125 per month plus $10 per employee per month

You can take advantage of QuickBooks offers, where you can either get a 30-day free trial or a 50% discount on base fees for three months of service.

QuickBooks Payroll Core

It is perfect for small teams that have very basic payroll requirements. The plan includes:

  • Automated federal and state tax calculation, filing and payments
  • Automatic pay runs when set up
  • 1099 e-filing and payment
  • Next-day direct deposit
  • Expert product support
  • Health benefits and 401(k) administration
  • Robust payroll reports that can be saved as well as downloaded

QuickBooks Payroll Premium

If you have a larger team, and you want to give more benefits to employees while also making payroll easier on your administrative teams, you can choose the QuickBooks Payroll Premium plan. Besides everything that QuickBooks Payroll Core has, the Premium plan also includes:

  • Same-day direct deposit
  • Time tracking on the go
  • Expert review of your app setup
  • HR support center
  • Workers’ compensation administration

QuickBooks Payroll Elite

If you need more support with your payroll needs and wish to provide your employees with an awesome experience, you can choose the Elite plan. Besides everything that Premium offers, the Elite plan includes:

  • App set up under expert’s guidance
  • Track time and projects on the go
  • 24/7 expert support available
  • Tax penalty protection up to $25,000
  • Personal HR advisor

If you are a QuickBooks Payroll Elite user, you are eligible for tax penalty protection. If you receive a tax notice and send it to QuickBooks within 15 days of the tax notice, QuickBooks covers up to $25,000 of the payroll tax penalty.

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