Whether you are an owner of big or small business, you need to invest in a top human resource management system, as mentioned in this Gusto payroll services review.
The more your business grows, the more you need the best HR technology solution for managing the activities of your company, increase productivity, and return on investment.
The best online payroll software like Gusto will save you time by processing payroll and reducing mathematical errors meaning less risk of being hit with IRS penalties. It also offers many other benefits.
A report from SCORE, which is a non-profit organization, shows that more than 40 percent of businesses use approximately 80 hours per year in calculating taxes, processing payroll, and keeping up with regulations.
In other words, investing in top payroll software is a wise decision. It will save the cost of an in-house employee dedicated to payroll, printing costs, allow you to conform with tax regulations, and lots more.
Overview of Gusto HR Software
- Name: Gusto (formerly ZenPayroll)
- Date of creation: Founded in November 2012
- Headquarters: San Francisco, California
- Activities: Cloud-based payroll services
- Best place to find its services: On Gusto.com
- My rating: 9.5 out of 10
What Is Gusto Payroll Software About?
Gusto is a modern payroll software that helps the owners of small businesses to manage the activities of their companies. It is easy to use software that you can use to pay, insure, and engage your team.
This payroll management software will take care of your team while helping you manage your bottom line and stay compliant with tax laws.
Whatever the activities you are involved in and their complexities, Gusto will provide you with the best management experience and let you feel like a pro.
Since its inception in 2012, Gusto has been so successful that more than 100,000 businesses from all across the United States are using it. The owners process tens of billions of dollars of payroll each year.
This software will automate and simplify your payroll, benefits, and human resources via one integrated platform. It will provide you the peace of mind you need to do your work better.
Available data shows that Gusto has won the “Expert’s Choice Award for 2019” and the Supreme Software Award for the same year.
Gusto company has offices in Denver, New York, and San Francisco, and its payroll services are available in all US states. The health benefits are available only in 17 states, with more coming.
You can find Gusto Health Services in Arizona, Colorado, California, Georgia, Florida, Illinois, Massachusetts, Maryland, Michigan, Ney jersey, New York, Oregon, Ohio, Pennsylvania, Virginia, Texas, and Washington.
In a nutshell, Gusto will automate the payment, calculations, taxation (to avoid critical errors), year-end forms, submission of your company’s payroll taxes at all government levels, handle bookkeeping, and lots more.
The Gusto Payroll Features
Automated Payroll, Taxes, and Filings
This software calculates, files and pays all local, state, and federal payroll taxes automatically. All you need is to set payroll and let the system run each pay period automatically.
Gusto will issue and file your W-2s and 1099s and send them to your contractors and employees. It can also report new hires to the government on your behalf automatically.
You can also set up child-support garnishments in this software to enable it to send the payments automatically on your behalf in all states, excluding South Carolina.
All The Forms
Many people say the number one reason they use Gusto is that it helps them with payroll taxes. Processing and filing tax forms and all other related remittance can be confusing and time-consuming.
Flexible Payroll Features
You will need to use Gusto autopilot if your business runs the same payroll with little change in each pay period. This will enable you to run payroll automatically at specified periods without your manual intervention.
Just take the time to create the payroll information that the autopilot system will use for each payroll. Gusto will process payment automatically a day before the deadline to allow you to make changes if needed.
However, be aware that the system will not take into account the changes made after the 24 hours. They will be applied to the next payroll cycle.
Advanced Payroll Features
You can use the system to generate and download reports for bank transactions, payroll history, tax payments, contractor payments, paid to time off, etc.
Besides, Gusto integrates with Freshbooks, QuickBooks, and Xero accounting software. You can also use this software to manage other benefits like medical insurance, 401(k), etc. All deductions sync with payroll automatically.
You can consult the image below for more details about the advanced payroll features provided by Gusto.
This is among the essential features provided by this payroll software. It is particularly useful for small business owners who don’t have much time to spend on payroll and personnel-related details as they may wish.
You can use this feature to permit your new employees to access the system and onboard themselves. All you need is first to enter them into the system to get them started.
Once done, employes will use the system to complete the contact information, filling out a W-4 and direct deposit details themselves. However, this employee onboarding feature is not included in the core plan.
Online and On the Go
This is another Gusto feature I want to discuss in this review. You can consult the image below to understand all its components, their benefits, and decide if it is worth using.
Gusto Payroll Pricing
All these best online payroll services are offered at an affordable monthly price, starting at $39 base plus $6 per person for full-service payroll.
This plan includes new hire reporting, year-end W-2s and 1099s, direct deposit, off-cycle, unlimited payroll runs, bonus payrolls, etc.
Besides this plan, there are three others you can choose from, as you will see in the figure at the end of this section. Just take the time to evaluate the need of your company to decide the most appropriate plan.
You don’t need to commit for an extended period; you can try this company’s services for a one-month free trial that will start after running your first payroll.
You can also contact the company’s customer support agents by chat, phone, or email if you need to ask some questions or any other support.
They are available Monday through Friday from 6 am to 5 pm Pacific. Just consult the figure below to choose the right plan right for your business.
Gusto Pros and Cons
The essential advantage of using Gusto is automated payroll management. Once you set up and schedule payments, the system will handle the rest.
The software will enable you to pay your employees on time without human interaction, meaning you will be less prone to mistakes. Also, given the automation of the system, there is no paper waste because transactions are delivered via email.
You can find hereafter a detailed look at some of the main benefits of this system, but they are not exhaustive. Gusto has too many benefits to offer to its users.
Saving time – The main benefit of full payroll automation is saving time. Gusto takes the overtime off calculations, year-end forms, payroll taxes, ACA compliance, adopts unique workflow calculations, etc.
The software synchronizes all critical data in a single system to enable the business owner to focus on more critical activities.
Accuracy in payroll management – Gusto eliminates critical human errors. It will prevent you from entering data in different apps and websites, allow you to easy all the payroll activities, and calculate deductions without you being involved at all.
Besides, Gusto works as a personalized employee database. You can use it to store essential information and access them later whenever needed.
Small and large businesses prefer this software because it simplifies hassle-free navigation and makes it easy to pull off critical information like employee contact data, time off balances, I-9s, W-2s, and lot more.
Full payroll automation – You can use Gusto to determine how your employees will be paid, their pay stubs, tax filings, and W-2s, and so on.
Also, your employees can add data themselves, and download their preferred information even when they are no longer working for your company.
Taxes Automation – The system automates all federal, state, and local taxes as required by the competent authorities.
Given that the Gusto owners acknowledge the difficulties first-time users have when it comes to managing payroll, they will provide you with a kit of useful tips, training materials, and access to expert support.
Administrative simplification – You can consult the vendor’s licensed advisers on the use of this intuitive software without going through the company owners.
Gusto will provide you with employment tax reporting, payments, new hire reports, workers’ comp insurance, and detailed budget plans. Your team can also access to dedicated benefits advisors with years of health care experience.
Compliance – This company will help make the human resources of your company more transparent by complying with HIPAA, ACA, and ERISA standards.
In other words, the system will check data automatically, prepare compliance reviews of your benefits, and send automated notices. It also guarantees employee privacy, unlike any similar system.
Affordable, integrated 401(k) – This software will enable you to set up and manage 401(k) plans easily. It also allows your employees to save money for their retirement.
Easy integration – The last thing I want to point out here is that Gust integrates perfectly with other software. It works in synergy with popular accounting software and other related tools.
Gusto is one of the best small business online payroll services providers, but there are few things its users would like the owners of this software to improve, as shown hereafter.
The Gusto services are available in the USA only – You cannot use Gusto if your business is located out of the United States.
It is not even possible to spoof your location via a VPN to sign up for the service, because the system will require you to provide a US bank account when setting it up.
It can be a bit expensive – This software can be a little pricey for companies that have a lot of employees. The basic plan is very cheap, but it will add up as the number of your employees grows.
The basic plan will cost $39 a month, but you will need to pay an extra $12 a month per head. If you, for example, there are five employees in your company, the total cost will be $99 per month.
Honestly, I don’t’ agree with people who say that the software is a bit expensive. The cost is more than reasonable as you won’t need to hire a clerk or an external agency to run payroll every month.
Lack of a Mobile App – This software integrated many functions, but some of them like “employee time off,” requires prior authorization from the manager before accessing them.
This can be done quickly when an employee sends its requests when you are in the office because you will receive an email notification on your computer asking you to approve the request.
However, if you are on a business trip, vacation, or somewhere else out of your office, there is no way for an employee to request the time off because there is no app to use for this purpose on phones.
The only way to use phones is to log in to Gusto through phone browsers, and some people consider this as a workaround than a real solution.
My Final Thoughts
It is the end of the Gusto Payroll services review that has presented to you this excellent human resources management software, its range of functionalities, there benefits, and its plans. I hope you will find it useful and that it ill enable you to manage your businesses better.
As for me, I am a full-time marketer that reviews different programs and products to help the readers of this blog to find things they need in their everyday lives.
You are reading this post because you need the right tool to manage your company. You may also come back another day to look for top security alarms to protect your homes and business, or because you want to buy the best antenna for free channels in these times, we are confined in our homes.
Whatever the reason, you will find on this blog a variety of topics that interest people from all around the world. I do my best to provide you with the most accurate and valuable information.
Finally, before I leave you, I would like to thank you for taking the time to read this article. If you have some questions or comments, you can leave them at the bottom of this page.
It will be a pleasure for me to get back to you as soon as possible.