Sign up for our FREE Monthly Email Newsletter
In addition to keeping in the financial know, you may be interested in checking your credit score and report.
¹The credit scores provided under the offers described here use the Equifax Credit Score, which is a proprietary credit model developed by Equifax. The Equifax Credit Score and 3-Bureau scores are each based on the Equifax Credit Score model, but calculated using the information in your Equifax, Experian and TransUnion credit files. The Equifax Credit Score is intended for your own educational use. It is also commercially available to third parties along with numerous other credit scores and models in the marketplace. Please keep in mind third parties are likely to use a different score when evaluating your creditworthiness. Also, third parties will take into consideration items other than your credit score or information found in your credit file, such as your income.
²The Automatic Fraud Alert feature is made available to consumers by Equifax Information Services LLC and fulfilled on its behalf by Equifax Consumer Services LLC.
³Equifax Credit Report Control™ is only available while you have a current subscription to Equifax Complete Premier. Locking your credit file with Equifax Credit Report Control will prevent access to your Equifax credit file by certain third parties, such as credit grantors or other companies and agencies. Credit Report Control will not prevent access to your credit file at any other credit reporting agency, and will not prevent access to your Equifax credit file by companies like Equifax Personal Solutions which provide you with access to your credit report or credit score or monitor your credit file; Federal, state and local government agencies; companies reviewing your application for employment; companies that have a current account or relationship with you, and collection agencies acting on behalf of those whom you owe; for fraud detection and prevention purposes; and companies that wish to make pre-approved offers of credit or insurance to you. To opt out of such pre-approved offers, visit www.optoutprescreen.com/.
4We will require you to provide your payment information when you sign up and we will immediately charge your card $4.95. After that, we will charge the card $19.95 for each month you continue your subscription. You may cancel at any time; however, we do not provide partial month refunds.
Equifax® is a registered trademark and Equifax Complete™ Premier is a trademark of Equifax, Inc. © 2014, Equifax Inc., Atlanta, Georgia. All rights reserved.
Expenses are of the utmost importance to small businesses, especially today. Because of this, the cost of small business payroll is a huge factor for small business owners who are considering hiring a payroll service.
Many things can impact your payroll costs, including:
Depending on these factors, small businesses can typically pay between $20 and $100 per month, often with an additional small fee ($1.50 to $5) for additional employees on each payroll.
While cost is rightfully top of mind when searching for a payroll company, quality of service is equally important. Make sure you consider exactly what you need out of a provider before simply choosing the cheapest one you can find.
Here are three things you should consider when comparing the costs of small business payroll services:
1. Accessibility. While payroll is an essential function for any business, it’s likely not where your specific expertise lies. You want running payroll to be easy and convenient, and you want it to be accessible from anywhere online.
2. Convenience. The payroll service you decide to use should help you organize and prepare everything, from reports to payroll stubs to important calendar reminders, in one spot. And you should be able to pay your employees in a matter of minutes—not hours.
3. Customer support. While some payroll services will give you the technology you need to run your payroll, not all of them will be there to help if you have specific questions.
A payroll service should have the expertise to guide you through any payroll-specific and tax issues you may have, as inevitably along the way your situation will become complicated and you may have questions. A good payroll company will support not just the technology you’re using but also the compliance and regulatory issues that could impact your business financially.
Small business owners are getting savvier with technology, and their payroll company should be no different. As a small business owner, it’s important that you consider more than just price when selecting a payroll service for your company.
Michael Alter is president and CEO of SurePayroll, a wholly owned subsidiary of Paychex. SurePayroll provides payroll services for small businesses.
The information contained in this blog post is designed to generally educate and inform visitors to the Equifax Finance Blog. The blog posts do not give, and should not be assumed to provide, personalized tax, investment, real estate, legal, retirement, credit, personal financial, or other professional advice. Before making any financial decision, you should always consult with the appropriate professionals who can explain your options, rights, and legal responsibilities, and advise you on any tax, legal, credit, or business implications that may result from those decisions. The views and opinions expressed by the authors of blog posts are their own views and may not be the views or opinions of Equifax, Inc. and/or its affiliates.
Equifax maintains this interactive forum for education and information purposes in order to allow individuals to share their relevant knowledge and opinions with other members and visitors. We encourage you to participate in discussions about personal finance issues and other topics of interest to this community, but please read our commenting guidelines first. Equifax reserves the right to monitor postings to the forum and comments will be published at our discretion. Do you have questions or comments about your Equifax credit report or customer-service issues regarding an Equifax product? If so, please contact Equifax directly. All opinions and information expressed or shared in blog comments are solely those of the person submitting the comments, and don't necessarily represent the views of Equifax or its management.