As mentioned above, their customer service needs some help. Overall, it's been great for our company. Quickbooks Assisted Payroll - Great for small businesses Also, the price for this service is not competitive, compared to other services, for very small businesses. QuickBooks' calculation of these taxes never quite matched the calculation made by the state taxing authority and correcting QuickBooks' record of what I actually paid was a bit complicated. Also, QuickBooks was never able to successfully report and remit certain of Washington's state taxes. QuickBooks doesn't appear to do that.Ī few too many steps are required to run a payroll with a few informational messages being displayed that I usually disregard (of the "are you sure you want to do that?" kind). Some payroll services deduct taxes from the bank account just after payroll is run, then hold it (presumably making interest on those funds) until the taxes are actually due. I liked being able to schedule so that payroll taxes were deducted from my corporate account close to the date the remittance was due to the taxing authority. When new state taxes were introduced, it was sometimes difficult to get the calculation of taxes due correct and, in my case, QuickBooks was never able to successfully remit the Washington Family & Medical Leave tax.Ī comprehensive online payroll service likely to meet the needs of most small businesses with good integration to other products and services sold by QuickBooks. Article prepared by Brianna Howells.QuickBooks Payroll a good choice for all but the smallest of small businessesĪ reliable and accurate service providing pretty much everything the small business needs to generate a payroll and to remit taxes and tax filings in a timely basis. Please contact your Herbein small business consultant if you have questions regarding this article or QuickBooks at. In the Shared Data section, select the pencil and uncheck the box.Failure to opt-out will result in automatic enrollment in The Work Number program. Since the breach, Equifax has beefed up the authentication requirements of the program to better protect its customers’ personal information.Įxisting QuickBooks Online Payroll and Intuit Online Payroll customers who do not wish to participate in the program must opt-out by July 31, 2021. This breach included users of The Work Number program. Though Intuit is not the only payroll provider selling data to consumer credit bureaus, this may be alarming to those who recall the 2017 Equifax data breach which exposed the personal data of roughly 147 million people. The service is intended to streamline the process of verifying income and employment of employees seeking loans, credit, or public assistance and will be provided through The Work Number from Equifax.
The decision will affect over 1.4 million small business users of QuickBooks Online Payroll and Intuit Online Payroll services.īy sharing the payroll data, Intuit will provide an automated income and employment verification service at no additional charge to its existing and future payroll customers. QuickBooks Online Payroll Customers: Act Now to Opt Out of Payroll Data ShareĮarlier this month, Intuit announced its plans to share payroll data with Equifax, one of the three largest consumer credit reporting agencies in the U.S.