What's up tax savers? My name is Tyler McBroom,
and we are wrapping up a four part series
that I've been working on with QuickBooks
doing a deep dive on payroll and staying compliant
and how it relates to the small business owner.
Now, as a small business owner,
I know your job is a tough one.
Across the board it's a tough one
but it's especially tough
when it comes to deciding on payroll providers,
running payroll,
all of the messy deadlines and all of that.
And hopefully, the first few videos
have really helped kind of clarify all of that information,
and helped with that decision-making process.
On today's video, we're gonna dive
into kind of the high level.
What are the features and elements
of QuickBooks Online Payroll specifically
and why I recommend it to my clients.
So why choose QuickBooks Online Payroll?
Well, 1.4 million small businesses use QuickBooks
to run payroll and file their taxes.
That's actually more than any other provider.
So why do so many businesses
choose to run payroll with QuickBooks?
Frankly, they wanna be more confident
when they pay their team.
It's packed with features and designed to be easy to use
and save you time.
One of those is automatic payroll.
If you've go salaried employees
that you pay with direct deposit,
payroll runs for them automatically if you want it to.
And time tracking is critical (we covered before)
This has time tracking on the go,
or mobile time tracking.
And we're in a mobile world
so that's more important than ever.
If you have hourly employees,
you can track and review their hours real-time
right inside QuickBooks.
You just have to review and approve the hours
before you run the payroll.
It's got same-day direct deposit
and this is a feature that actually many competitors
don't even offer.
And in video number two we talked about the essential habits
that you get into to make sure your business
runs and stays compliant.
One of those is having a budget,
and monitoring your cash flow.
If you don't have to remit your cash
or give your cash up for direct deposit
until the day you run payroll.
It means you can hold on to your cash longer until payday,
and keep control of that money.
It also makes bookkeeping easy.
I can't tell you how many clients that I've come across.
They bring on their books with us
when they become a new client.
And they use a different payroll provider.
And they've got their net check as payroll expense
instead of that gross check, the full amount.
So the expenses are wrong. The books are a total disaster.
They've tried, take their best step
at creating the journal entries,
and it just creates more problems
and more issues for the business owner,
and for the accountant.
And frankly all the above features are important,
but probably making bookkeeping easy
is what truly sets QuickBooks apart
from the other providers.
Just because of those reasons above.
And if you use QuickBooks for your accounting,
then QuickBooks Online Payroll integrates seamlessly
and keeps everything up to date automatically.
That being said,
you don't necessarily need QuickBooks for accounting
to use QuickBooks Online Payroll.
But it takes the stress out of payroll taxes.
Your federal and state payroll taxes,
including your year-end filings
are calculated, filed, and paid automatically.
It also lets you manage your team and your finances
all in one place.
Since it integrates the payroll, the taxes, the HR,
benefits, workers' comp, accounting and more.
All those additional services
that we covered in the previous video.
Plus you don't have to manually update
your accounting records each payday.
It's literally inside QuickBooks.
So the payroll accounting entries
are made for you automatically.
And it's backed by US-based experts
who will review your payroll setup or do it for you.
They will help you if you're switching
from another provider by ensuring that your data
is transferred correctly.
And they're reachable by phone or by chat
for expert product support.
It's available in all 50 states,
and it works for a wide variety of business types.
Diverse tax laws vary state by state,
but QuickBooks handles it all for you.
So whether it's construction, tech, retail,
restaurant, health and beauty care,
service industries like accounting and consulting firms,
for profit, non-profit entities.
Across a huge range of industries.
QuickBooks Online Payroll has been great for my clients
which is why I highly recommend it.
So to be clear,
there's no one-size-fits-all solution for payroll
across every business everywhere.
What I really like about QuickBooks Online Payroll
is that you can customize and tailor it to fit your needs.
Even as your needs change within your business.
Some business owners and managers wanna keep more control,
and feel confident doing it themselves.
Others, they want expert guidance
to make sure it's done right
and just take it off their hands.
Don't just listen to me,
I want you to talk to your friends,
talk to your colleagues.
talk to your accountant or your bookkeeper,
and make sure you understand what decision
you're making before you make it.
Then reach out to QuickBooks
to see if their options might be right for you.
(rock music)