FinTech

Gusto Review 2024: Features, Pros & Cons

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From the employee side, it’s very easy to initiate an expense reimbursement request. Employees can upload a receipt and add a memo, so it’s clear what the payment is for. Gusto also has built-in ACA, COBRA, HIPAA and ERISA compliance for benefits administration.

Reporting

Features including background checks and benefit enrollment are paired with cloud-based services such as e-signatures and state tax registration to create a streamlined onboarding experience. Gusto files employee W-4s and contractor W-9s as part of their profile setup, and it creates and distributes W-2 and 1099 forms each January for tax returns. You can also elect to have Gusto automatically file a new hire report in an employee’s state when you hire them. Gusto takes care of calculating and filing payroll taxes for you and your employees, and it keeps a record of pay stubs accessible to employees through their online profiles. Employees also get an email each payday letting them know their money’s coming in.

  1. For more options, browse our roundup of best workers’ compensation insurance providers.
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  3. Gusto enables HR teams to pay employees one-off, reimbursable expenses for things such as work-from-home stipends or travel expenses.
  4. However, customer support isn’t available during weekends and priority payroll and HR support is an add-on.
  5. Gusto allows you to easily enroll in workers’ compensation insurance through its platform through an integration with NEXT Insurance.

If you want benefits for your team, Gusto can help you build a benefits package. Or, you can compare various medical, dental and vision plans and providers on the platform to find the best fit yourself — assuming you live in a state where Gusto offers health benefits administration services. You can also set up 401(k) plans, 529 savings accounts, health savings accounts, flexible spending accounts, commuter benefits, workers’ compensation and life insurance. ADP’s small business solution, RUN, caters to companies with fewer than 50 employees. Plans can be customized to fit your needs and come with features such as automatic tax filing and reports, easy employee payroll and available add-ons for marketing and legal assistance. ADP’s pricing structure is more complex than Gusto, and the additional costs can increase quickly, with extra fees for benefits administration and time tracking.

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You can give access to your company’s Gusto administration to an employee within your company or someone outside your company. So, anyone you hire for HR, accounting or bookkeeping can get the information they need without going through you. As the admin, you can see outstanding expense reimbursement requests on the dashboard. When clicking into the expenses module, you can approve or deny requests individually or in bulk to save time. Upon approval, the payment automatically gets disbursed to the employee in their next paycheck.

Is Gusto Right for Me?

When running payroll manually, Gusto takes you through three steps. The next step prompts you to enter any paid time off that employees took during the pay period. This is also where you can approve or deny pending time-off requests. From there, Gusto lets you preview the payroll run in the third step before submitting payroll. Upon submitting, Gusto confirms that you’ve successfully submitted payroll. At no additional cost, you can set payroll to run automatically, with a reminder sent to you the day before.

Gusto’s phone support is only available Monday through Friday from 7 a.m. MT. Customers on the Premium plan get access to priority support, meaning they can skip the queue when they call, but there is no 24/7 phone support available. When a new employee signs their offer letter, Gusto facilitates the rest of the onboarding process to ensure they get properly set up for their new job even before day one. It even provides the option to send a digital welcome card to help the new employee feel welcomed.

From sending digital offer letters to setting birthday reminders, the platform allows you to connect with employees even from a distance. Running employee payroll through Gusto is simple and flexible to your company’s needs. You can set a salary or hourly wage in an employee’s profile and set up payroll on autopilot to let Gusto run payroll for you automatically on the schedule you set. Gusto is a full-service payroll and HR platform designed to grow with U.S.-based startups and small businesses. If benefits aren’t available in a state where you and your employees are based, you may want to consider companies that offer expanded benefits through PEOs, such as Paychex and ADP. You can get a feel for the product through an interactive demo, after you provide Gusto with some basic information.

Sign in to see who you already know at Gusto

Gusto includes a reports library for the categories of time tracking, contractors, payroll and more. Otherwise, it’s easy to create your own report related to either employee information or payroll by selecting what variables to include. OnPay is an all-in-one payroll and HR solution that is designed specifically for small businesses. The platform differentiates itself by providing an error-free tax guarantee and robust benefits administration features. While OnPay does offer straightforward, comprehensive pricing, the plans are not customizable, so it won’t work for businesses that need more flexibility in choosing which features they want or need. Gusto offers three plans for companies looking to manage payroll for both full-time employees and contractors.

You’re our first priority.Every time.

Gusto has at least two standout features from its competitors, namely, the ability to pay a variety of employee types as well as tools to support their financial goals. We believe everyone should be able to make financial decisions with confidence. Gusto syncs payroll, taxes and wages data directly to QuickBooks to make accounting even easier.

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Gusto will calculate, file and pay your local, state and federal payroll taxes automatically, and will even report new hires to the government for you. Gusto is not a health insurance company but can help you manage your employee health insurance benefits. You can offer the same health insurance you offer now with Gusto, or Gusto can act as your broker to find you new options. Gusto is designed with dynamic startups and growing small businesses in mind. It was born out of a need in the market for payroll solutions that included businesses with heavy contractor-based workforces, and it’s still one of the best solutions around for that type of business.

What is Gusto?

The ability to sync data with Gusto means less time spent on manual entry. To begin using the Gusto platform, you start by entering all the relevant company data, including tax information, benefits, bank account details and any third-party apps you want to integrate into the software. On those plans, both hourly and salaried nonexempt employees can track their hours. You simply choose a schedule—Gusto automatically suggests one for you—and confirm state tax details based on where employees are located. Gusto plans offer integrated payroll, benefits and HR, with higher tiers offering additional features. Add-on benefits can be used to further customize your plan, and you have the flexibility to upgrade or downgrade at any time.

Employees have lifetime access to their own account to view pay stubs, obtain W-2 forms, track hours and change personal information. Gusto allows you to easily enroll in workers’ compensation insurance through its platform through an integration with NEXT Insurance. For more options, browse our roundup of best workers’ compensation insurance providers. Gusto is the brand name for the platform operated xcritical scammers by the company ZenPayroll, Inc. It has an A+ rating with the Better Business Bureau (BBB), although neither Gusto nor ZenPayroll is accredited with the organization, which is a paid service.

Based on what we were able to play with in the platform, Gusto guides you through payroll and benefits management in a way that makes these processes less overwhelming. You can be sure you’re doing things in the right order without missing a step. In addition to smooth integration, your Gusto account could get you discounts on some popular apps. For example, at the time of this writing, it’s offering three months free to restaurant scheduling software 7shifts, 25% off Breezy HR plans and many more. We tried adding a gym wellness benefit, and it was simple to set up in Gusto.

Has a user-friendly interface with simple step-by-step tools and checklists. Taxes are calculated, filed and paid to federal, state and local agencies at no additional cost. Gusto enables HR teams to pay employees one-off, reimbursable expenses for things such as work-from-home stipends or travel expenses. In the employee profile section, we could easily change personal information, but only the admin can change things such as job title and compensation. The four shook hands solemnly with their new neighbor, then, with even a greater gusto, drank his health. Of course, the young people on the progressive side of the hall supported my cause with xcritical gusto.

Gusto helps you stay compliant with local labor xcritical courses scam laws with its labor law poster store. You can print labor law posters to post for on-site employees or send e-notices to remote employees. The service keeps you updated and automatically alerts employees of any changes to the law to keep you compliant.

Gusto offers a good mix of features and has built a strong, positive reputation amongst HR professionals across industries. Impact on your credit may vary, as credit scores are independently determined by credit bureaus based on a number of factors including the financial decisions you make with other financial services organizations. RUN Powered by ADP Plans start at $79 per month (base) and $4 per person per month. Square PayrollPlans start at $35 per month (base) and $5 per person per month. OnPay Payroll Plans start at $40 per month (base) and $6 per person per month. Gusto PayrollPlans start at $40 per month (base) and $6 per person per month.

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