Ever been so busy that you forgot to run payroll? You’re not alone. 62 percent of Square sellers have missed the deadline to run payroll and, as a result, paid employees late, according to new data from Square.
As a business owner, you have a lot on your plate. That’s why Square is introducing Automatic Payroll. The new feature helps you ensure your employees are paid on time — no matter what comes up in your life.
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When you turn on Square Automatic Payroll, we automatically calculate salaries, import timecards, calculate deductions, and run payroll for you each pay period. You get an email confirming what your employees will be paid, and have until the end of the day to cancel or make any changes as needed. Then sit back and relax.
You can start using Automatic Payroll in your online Square Payroll dashboard. (Find full instructions here.)
“It’s a lot easier to focus on my business when I don’t need to set aside time each month to run payroll,” says Albert, a Square seller using Automatic Payroll who owns three different businesses.
Josie, Square seller and owner of Rire Boutique, also uses Automatic Payroll. “The thing that matters most to my employees is getting paid on time, and what matters most to me is keeping my employees happy. There have been a few times when I’ve forgotten to run payroll and it was terrible. With Automatic Payroll, there’s no risk of this happening. Just last week, I forgot to submit payroll. Luckily, I had already turned on Automatic Payroll, so my employees were all paid on time,” she says.
Built with small businesses in mind, Automatic Payroll ensures that you’ll never forget to run payroll again. It’s just one more way we’re making payroll easier.
Sellers across the country have already paid out more than $250 million a year in payroll for their employees using Square Payroll. From importing timecards directly from your POS to allowing employees to set up direct deposit, Square Payroll aims to make payroll as efficient and simple as possible.
That also extends to compliance: Square Payroll generates W-2s and 1099s, files your state and federal taxes, and even tracks sick leave and paid time off.
Square Payroll is available no matter which type of workers you employ — whether it’s hourly employees, salaried employees, or independent contractors. And pricing is simple: If you have employees, it’s $29 a month, plus $5 per employee paid that month; for independent contractors, it’s just $5 per contractor (no subscription fee).
If you’re ready to never forget to run payroll again, learn more about Automatic Payroll and Square Payroll for your business.