Your employer will then use the information you provide on this form to determine how much to withhold for taxes from your paycheck. If your filing status is single, head of household or qualifying widow(er), wages that exceed $200,000 are subject to a 0.9% Medicare surtax. If you’re married and file jointly, the extra tax is applied to wages above $250,000. For married couples filing separately, the tax applies to wages above $125,000. Tax-advantaged accounts require a $200 annual service charge, which will cover HSA, FSA, and commuter benefits.
Gusto payroll review
If you want more insurance options than you can get through Gusto, Gusto Premium has your back. You’ll get a few more HR options with providers like ADP and Paychex (though we can’t guarantee you’ll get them for a lower cost—ADP and Paychex leave transparent pricing off their websites). Its costs are reasonable but could add up as your company gets larger and if you add many a la carte services. Gusto offers a variety of online tools to help you with various aspects of running the business. This plan allows them to contribute and invest with contributions deducted from their taxable income. For as little as $40 a month plus $6 per employee, you can get help to manage your company.
Flexible spending accounts
- When it comes to managing money for solopreneurs, Gusto is right up there with Monarch Money as one of my all-time favorite money-focused secret weapons.
- This apprenticeship focuses on how you think, how you learn, and how you grow, rather than credentials, prior titles, or traditional career paths.
- So, only spring for this plan if you almost exclusively rely on contractors.
- Get pre-written job descriptions & offer letters, termination requirements, labor law policies, and performance evaluations.
- Gusto offers several pay-as-you-go workers comp insurance options with no fee.
Its affordable starting price and free multi-state payroll runs are two of many reasons Gusto consistently tops best payroll software lists for small businesses. Plus, its fully automated, fully featured payroll software has far fewer hidden fees and far more employee benefit options than many of its competitors. Gusto offers payroll and other HR tasks in a cloud-based platform for small businesses. And it offers four pricing tiers starting as low as $0 and $6 per employee per month.
Gusto plan pricing and features
Gusto is a popular choice for payroll and HR support—and with good reason. Gusto is easy to use, offers clear pricing, and allows for customization of features to meet the unique needs of your workforce. If your small business is looking to save time on payroll and get some support https://xn--80acccfbbj1agy2aadbcyd3aimk.xn--p1ai/2025-tax-brackets-and-federal-income-tax-rates/ for in-house HR, Gusto is an excellent choice. For example, Gusto recently launched Time Kiosk, which enables employees to clock in and out securely from a centralized station in just a few seconds.
Takes Care of Payroll Compliance
There is a solid offering of customer support, including chat and HR tools in their resource center (from the Core package up to the Concierge plan). Additionally, Gusto syncs with QuickBooks, Xero, TSheets, and other time sheets, so your hours are instantly updated and added to the payments system. Tax management features ensure that your books are always handled properly according to state and federal legislation, and Gusto will even update your taxes according to the latest reforms and regulations. Gusto is a user-friendly payroll software solution that simplifies ordinarily complex processes for small to medium-sized businesses. It automatically makes tax calculations, generates reports, and integrates with a wide variety of accounting and business software.
Gusto Con #2: No room for very custom benefit plans.
Gusto also gives you the ability to add fully custom earnings criteria for irregular pay items like sign-on bonuses, commissions, or severance pay. There’s no master search bar—if you’re looking for a specific menu or settings item, you must find it yourself. I found the main dashboard to be quite minimalistic, with a clean, pastel color palette. Click on a specific item, and a dropdown menu will appear, further narrowing down your choices into a series of actions. Select the action you want to perform, and it’ll display in detail in the main screen area.
Gusto Pricing
- Paying the extra money for these services may allow a smaller employer to be more competitive in the marketplace.
- Bear in mind, though, that Gusto’s payroll features are its main selling point—and its Simple plan includes basically the same payroll features as its two more expensive plans.
- Through Gusto, you can offer various savings accounts to help employees cover certain costs they may encounter, such as medical expenses or commuting.
- Gusto recommends switching providers at the beginning of fiscal quarters.
What’s more, once you’ve set up your schedules, settings, and preferences, Gusto HR software takes care of most of the work automatically. This way, you don’t have to keep going back to update or gusto login manually set things in motion. What’s also critical is Gusto Global enables you to pay your team compliantly.
North Carolina Top Income Tax Rate
As far as I can tell, each of the above competitors requires that you work with a rep to get an account set up while Gusto enables you to sign up on your own. Rippling is the only one of the three that is upfront with their pricing. It wouldn’t be fair to tout on about the Gusto platform without at least letting you know that there are a ton of other options out there (you should always do your due diligence). If employees want to request time off, they can do so easily through Gusto Wallet. Gusto’s Chief Product Officer, Tomer London, was also in Stanford’s Electrical Engineering program, and was a Ph.D. candidate. Then, prior to Gusto, co-founded a company called Vizmo, a software development company based in Israel.
After hundreds of hours, our process is complete and the results should ensure you can find the best solution for your needs. Operating on an exclusive pricing model, the price for Gusto’s most comprehensive plan will vary on a case-by-case basis. If you plan on just operating in a handful of states, this shouldn’t be much of an issue; but if you plan on expanding to all 50 states, retained earnings these fees could add up.