The benefits and cost of QuickBooks Enhanced Payroll

QuickBooks, along with its payroll services, bring a comprehensive solution for all the accounting, bookkeeping and other related business management processes. It is considered to provide the most innovative and technically advanced solutions for small to medium-sized enterprises’ needs. QuickBooks Enhanced Payroll is a carry-on of this legacy to further ease the process of payroll issues of the companies. Paychecks issue has a lot of complex backend processes involved, and the QuickBooks Enhanced Payroll is brought to take care of it. We will inform you the benefits, cost and other aspects of his add-on service in detail through this article.

If you have any queries about QuickBooks enhanced Payroll or you need any assistance regarding QuickBooks, then contact us at (844)-888-4666

What are the advantages of Intuit Enhanced Payroll?

Intuit Enhanced Payroll is brought to handle all the complex backend processes involved in the payroll management of a company and the issue of Paycheck. The detailed analysis of its advantages has been done below:

1. The most prominent advantage is smooth payroll management with instant paychecks issues.

2. It facilitates to e-file tax forms such as W-2s and 1099s very conveniently through its platform.

3. The QuickBooks Enhanced Payroll feature streamlines the tax calculation process by doing it in the background of the paycheck issue. When activated, it automatically imports the payroll data to calculate the relevant tax liabilities.

4. It provides the facility of direct deposits.

The enhanced payroll facility is a comprehensive tool for payroll and related tax filing issues. When you activate the tool and issue the paychecks, it fetches the data itself, calculates the tax and other liabilities of the company for individual paychecks and then it stores the information. It provides the related tax forms such as the W-2s and 1099s directly which can be filled very easily with all the prior calculated data and then it offers to e-file the tax forms on its own on behalf of the user. Users need to verify the details of the tax form and then authorize Intuit through QuickBooks enhanced payroll to e-file taxes.

The cost associated with the Enhanced Payroll tool

As the facility provides great ease for the users, it also attracts charges accordingly, which have been discussed in detail.

QuickBooks Online: the service costs $35 per month for a subscription, and then an additional cost of $4.0 per employee/month is charged for direct deposit for up to 10 employees.

Desktop Pro with Enhanced Payroll: This comes as a package and costs $54995 per year.

Enhanced Payroll: The service is charged at a cost of $6150 per month or $615 per year, an additional $1.75 per check is charged as a fee for direct deposit.

Through this article, we discussed the benefits, cost and other aspects of QuickBooks Enhanced payroll. If you have further queries or you need any other help regarding QuickBooks, then contact us at (844)-888-4666.