Intuit, one of the largest payroll processing services for small businesses in the US, has announced a new payroll app available to employers who don’t necessarily need full-fledged accounting software, but still want some help managing their payroll.
Snap Payroll, which is now available in Apple’s App Store for iPhone, iPod Touch and iPad, does not currently tie into Intuit’s other payroll processing systems such as Intuit Payroll or QuickBooks. But instead, the app is intended for those small business owners who are just starting out or who have just a few employees and want help calculating wages and taxes quickly and accurately.
According to Intuit, 31% of small business owners process payroll manually with spreadsheets or similar systems. The new Snap Payroll app will calculate employees’ net pay based on their hourly wages, hours worked, and withholding for both state and federal income taxes. Though minimal, the app can help employers who process payroll by hand or without in-depth software to simplify payroll calculations and make sure tax information is accurate so as to avoid any IRS penalties.
In order to better serve such small companies, Intuit is offering its Snap Payroll app for free, in the hopes that small businesses will continue to think of Intuit for more advanced payroll products as their businesses grow. Currently, Intuit’s line of payroll software ranges from the free Snap Payroll app to $25 per month for basic online payroll to $395 for QuickBooks Enhanced Payroll software. Intuit also offers a variety of other free apps, many of which work in tandem with QuickBooks or other Intuit products.
Currently, Snap Payroll only supports businesses in Alaska, California, Florida, Illinois, Nevada, New Hampshire, New York, South Dakota, Tennessee, Texas, Washington, and Wyoming. However, Intuit plans to add more states to the list in the near future. You can download the Snap Payroll app from the App Store, or learn more about the company’s other products at Intuit.com.