Value

How does our service compare to QuickBooks?

10 Minute Payroll costs less money. And You will do almost none of the work.

The software companies like Intuit don’t charge you just once, they’ll take your money again next year for the new tax table and they force you to purchase upgrades periodically. Once you’ve learned how to use their software to set up all the taxes and the employees and the deductions, and once you’ve had to do all the work yourself each payday, and once you’ve had to figure out how to upgrade and update their software… you have to pay them again for the privilege.

Quickbooks:

  • $199.95 (this year’s price) to upgrade the software-they make you upgrade every 3 years.
  • $299.00 for tax table (>3 employees) each and every year.
  • $120.00 or so for pre-printed check stock you have to print paychecks on.
  • $40.00 thrown in for ink toner. I just paid $120.00 for my laser cartridge.
  • $530.00 conservatively in labor to do payrolls, quarterlies, and W-2’s in a year. (at $10.00/hr)
  • $670.00 average penalty incurred by 25% of all Do-It-Yourselfers. (IRS figure-source: WSJ)

Total annual cost calculated to be $1,223.15

We think we can do better.

10 Minute Payroll:

  • Around $40.00 per payroll for 5 employees.
  • $12.50 at year end for the W-2’s we make for you.
  • Save by keeping your current version of QuickBooks forever if you want.
  • No tax table to buy, ever. Tell Intuit thanks, but no thanks.
  • We provide the checks. Our ink too.
  • Risk of IRS, State, & Local penalties is transferred to us from being on you.
  • 10 minutes of time each payroll comes to a whopping $43.00 in labor.

Total annual cost calculated to be $1,095.50

How can we do that?

  • One tax table and one software program for many, many clients.
  • My check stock costs $0.067 each (less than 7 cents)
  • My software is not from Intuit, my software company doesn’t fleece it’s customers.
  • This is what we do for a living, so we’re more efficient at it.

You have better things to do with your time and money. As a bonus, you’ll be certain that you will never be that 1 in 4 that pays penalties. You gain time, reduce your risks and save a little money. The real value is clear.

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