The more we talk to business owners about the frustrations they have running a business the more we learn that construction payroll is one of the least favorite activities of business owners. This issue is no surprise as employees add complications to business. All of a sudden you have to start worrying about withholding taxes, w-2 paperwork, insurance, payroll and more. Luckily in this day and age, there’s a modern solution for most business owners. In this week’s blog post, we are going to show you how to use Gusto Payroll to take your payroll to the digital age.
Employees Can Set themselves up
When hiring W-2 employees, it can be a pain to gather all of the new employee paperwork and make sure you file all the correct reports. Gusto Payroll simplifies this process by allowing you to have the employee onboard themselves. You fill in the employees necessary information such as name, address, compensation, etc….and then you can have Gusto Payroll email the employee and have them put in their personal details such as:
- Social Security Number
- Direct Deposit Information
- Other Employee Details
The best part about using a modern system like Gusto Payroll is they will handle all of your W-2 paperwork for you.
Add a New contractor with Ease
If you work in the construction industry, then you’re probably already familiar with dealing third party contractors. Gusto Payroll is the best payroll service for construction companies because it allows you to keep track of these contractors, gather their paperwork, pay them and even file new employee reports.
You can choose if that contractor gets paid a set wage or an hourly rate. You can simplify the process even more by setting up direct deposit or check for these contractors.
Reward Employees with Company Benefits
Gusto Payroll comes built in with an employee benefits management system. You can set up most types of benefits and employees will be able to see the name of the benefit right on their paystub. Gusto Payroll supports all of the following benefits:
Using busybusy to Simplify this Process
You can make modern payroll even easier by using busybusy’s time tracking reports. In busybusy, you can go to reports and export the time of all your workers for the last pay period. This report will allow you to simply transfer your payroll information from the spreadsheet to Gusto payroll. Then you can run payroll, and you’re done. Gusto payroll will handle the rest.
Save Money on your Payroll
It is very common for small businesses to use payroll companies to handle their payroll. According to the small business Payroll Blog, “an average, basic payroll processing has a per-employee or per-check fee, in addition to the base account fee. While base account fees vary widely from one provider to the next, you can expect to pay anywhere from $20 to $100 per month, plus an additional $1.50-$5.00 per payroll run for each employee.” You can compare this to Gusto Payroll’s basic pricing of $29 per month plus 8 per month for each employee. If you want to find out how much it will cost your company to use Gusto Payroll, check out their pricing tool here.
Why you Should Upgrade your Payroll Workflow
We know payroll isn’t your favorite thing to do. It takes up time and resources to file all your paperwork and keep up to date with all the current labor laws and required paperwork you have to file. This is such a hassle that many construction companies use payroll processing firms. Gusto Payroll is the best payroll service for construction companies, a solution for the modern age. Combined with busybusy, it is going to save you tons of time. The synergistic relationship between busybusy and a software like Gusto Payroll allows you to reduce significantly the time that you or your employees are spending on payroll every month.
