Payroll Software for Small Business
Onboard, Pay, and Manage Your Employees and Payroll—All in One Place!
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Overcome Payroll Challenges with TaxBandits Small Business Payroll
Simplify the process and run payroll faster!
Cost-Effective Payroll
- Our affordable payroll solution helps you organize, manage, and pay your employees on time while minimizing expenses.
Eliminate Manual Calculations
- Our efficient payroll software reduces errors, ensuring accurate and timely payroll calculations for your business.
All-in-One Solution (Payroll + Filing)
- We streamline your payroll and filing processes, freeing you to focus on other crucial aspects of your business.
Payroll Solutions to Meet Every Employer’s Needs
Employees, contractors, or both—we’ve got you covered.
Employees
Contractors
Streamline your Payroll Process with our Advanced Features!
Easy Payroll Setup
- Setting up payroll with TaxBandits is straightforward.
- Gather the required business, employee, and bank account details for a smooth setup.
Accurate Tax Calculations
- We prioritize accuracy in payroll processing to help you avoid costly mistakes.
- Eliminate calculation errors, ensure correct tax withholding, and process employee wages smoothly.
Direct Deposit / Check
Available payment methods for paying employees:
- Direct Deposit: Transfer wages quickly and easily.
- Check: Issue employee payments by writing your own checks.
Easy and Convenient Self-Service Portal
- Simplify your workload by inviting employees to use the self-service portal, where they can manage tasks independently.
- In this portal, employees can easily access, download, and view their pay stubs, as well as stay informed about their tax compliance.
Supports Employees & Contractors
- Employees: Employers can easily set up payroll and ensure timely payments for their employees.
- Contractors: Run payroll for contractors in just a few clicks and manage your workforce with our user-friendly, intuitive dashboard.
Supporting Payroll, Business & Employment Tax Forms
- Supported Payroll Tax Filing: TaxBandits supports federal and state payroll tax forms for your business. Easily file these forms with just a few clicks.
- We support Form W-2, Form 941, Form 944, Form 940, Form 8974, and state tax forms.
Run Payroll in a Few Simple Steps!
Initial Payroll Setup
Get started with TaxBandits Payroll by setting up your business details, bank account, federal and state information, and personalize your pay schedule.
Add Employees
Enter your employees' details to proceed with running payroll.
Calculate Payroll
Calculate regular earnings, deductions, reimbursements, and federal and state taxes.
Pay Your Employees
It's payday! Your employees will receive their paychecks on time through their preferred method.
Ensure Compliance with TaxBandits Solutions
Tax Form Filing
Streamline your e-filing of 94x, 1099, W-2, 1095, W-9, and more.
TaxBandits is the leading e-file provider for payroll and employment forms, offering a comprehensive solution for maintaining compliance.
BOI Reporting
Accurate, Simple, and Secure Online BOI Filing Solution
TaxBandits is a one-stop BOI filing solution for law firms, CPAs, registered agents, and small businesses to stay compliant with FinCEN regulations.
W-9 Manager
Easily Complete, Request, and Manage W-9 Forms
Request W-9, W-8BEN, and W-8BEN-E forms from your vendors, contractors, or employees, and securely collect and manage them all in one place.
Frequently Asked Questions About TaxBandits Payroll
Gross pay is the total wages earned by employees before payroll deductions. It includes wages, overtime pay, bonuses, and other earnings. To calculate gross pay, add basic pay and other earnings.
Gross pay = Basic pay + other earnings
A pay schedule determines how often your employees get paid. Choosing the best pay period depends on your business’s cash flow and employee preferences. Common pay schedules used by businesses include:
- Weekly - Pay employees once a week.
- Bi-weekly - Pay employees every other week.
- Monthly - Pay employees once a month.
- Semi-Monthly: - Pay employees twice a month, typically on the 15th and the last day of the month.
The key payroll taxes that affect employee wages are:
FICA
The Federal Insurance Contribution Act (FICA) tax includes Social Security (6.2%) and Medicare (1.45%) taxes. Both employees and employers are required to contribute equally, with a total FICA tax rate of 15.3%.
FUTA
The Federal Unemployment Tax Act (FUTA) is a federal tax paid by employers. The FUTA tax rate is 6% and applies to the first $7,000 paid to each employee annually.
SUTA
The State Unemployment Tax Act (SUTA) is an employer-paid tax. The rate varies based on the employee’s work location.
A payday is a specific day in a week or month when employees are paid for work done during the previous pay period. Employers set the payday based on the pay period they select for their employees.
