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Top 5 Gusto Payroll Features for Businesses

Payroll is a critical business process that handles employee paychecks. It ensures employees receive their salaries and wages on time and in the correct amount, compliance with payroll rules, and withholding information. Since manual operations in current times can be highly challenging for companies, using payroll solutions is highly beneficial. With the many payroll software available in the market, small businesses can get perplexed as to which they should choose for efficient and accurate processing. Gusto software has made a popular name in the payroll processing market. It automates various activities like time-tracking that increase speed and reduce resource investment.  

Gusto software provides numerous tools and enriching features for smooth business functioning. Gusto empowers the payroll department with an easy-to-use interface and all-in-one HR platform. Its main features include: 

data entry

Employee onboarding

Small businesses have numerous preoccupations that make focusing on payroll and employing new people challenging. However, getting new employees' details is crucial for processing payroll, submitting payroll forms, and starting payments. Since it can be a time-consuming process, Gusto payroll software allows employees the access to enter and complete their onboarding details. New employees can enter contact information, direct deposit details, and form W-4 themselves. The business has to prepare an e-mail and get the employee started with the help of data entry services.  

Tax form processing

Preparing and processing payroll tax forms and returns can be highly time-consuming. However, Gusto software allows filing tax returns and remittances, including Form 941, to report wages, tax withholding information, Social Security, Medicare, and other related information. Form 940 gets filed annually for wages, tax liabilities, and payments under FUTA. It also processes Form W-2 and 1099 independent contractor forms.  

Handling pre-tax benefits

Businesses can administer pre-tax benefits like medical, dental, vision, 401 (k) plans, health savings accounts, flexible spending accounts, 529 college savings, life, and disability insurance with Gusto software.  

Autopilot payroll processing

Gusto provides a unique feature for businesses to handle recurring payroll. The software handles payroll automatically without manual input. Firms only have to set up the necessary information. If there is little to no change in a firm's payroll functioning, it should consider setting it at Autopilot for specified intervals.  

Digital pay stubs

Employees can access details about their pay stubs, including gross pay, deductions, net pay, benefits, taxes, etc. They can also view tax forms like W-2 and year-end forms and access historical records for better management. 


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