How to Find the Right Payroll Vendor: Assisted Living Tips

assisted living investing assisted living payroll solutions best payroll software for small businesses gusto payroll review payroll payroll for assisted living facilities small business payroll vendors Oct 28, 2024

Running an assisted living facility? Then you know how important it is to pay your staff on time and correctly. Let's talk about how to choose the right payroll vendor for your business. We'll even share our favorite pick!

Why Picking the Right Payroll Vendor Matters

In assisted living, your employees are the heart of your business. They take care of your residents every day. That's why it's super important to pay them right and on time. A good payroll system helps you do just that. It also keeps you out of trouble with the law.

Check out the video, too:

How to Find the Best Payroll Vendor

1. Do Your Homework

Start by searching online for "small business payroll" or "assisted living payroll vendor". You'll find lots of options and reviews. Also, ask other business owners what they use. They might have great tips!

2. Look for All-in-One Solutions

Some accounting software, like QuickBooks, also does payroll. This can be handy because everything's in one place. But remember, companies that focus only on payroll might be better at it.

3. Check Out Big and Small Companies

Big companies like ADP and Paychex have been around for a long time. They know their stuff. But smaller companies like Gusto or Rippling might give you more personal attention.

4. Try Before You Buy

Many payroll companies let you try their service for free. Take advantage of this! It's the best way to see if you like how it works.

5. Understand the Costs

Payroll companies usually charge a monthly fee plus a bit extra for each employee. For example, you might pay $40 a month, plus $5 for each employee. Make sure you know all the costs before you decide.

Our Top Pick: Gusto

At BeeWell Assisted Living, we use Gusto for our payroll. We really like it! Here's why:

1. It's easy to use
2. They have great customer service
3. It's made for small businesses like ours

Gusto's website is simple to use, and they've helped us make sure our payroll always runs smoothly.

Real-Life Example

Let's say you run an assisted living facility with 20 employees. With Gusto, you might pay a base fee of $39 per month, plus $6 per employee. That's a total of $159 per month ($39 + $120). For that price, Gusto handles all your payroll tasks, including:

- Calculating paychecks
- Handling taxes
- Sending direct deposits
- Providing online pay stubs for employees

This saves you hours of work each month and helps make sure everything's done right.

Wrapping It Up

Choosing the right payroll vendor is super important for your assisted living business. It keeps your employees happy and your business running smoothly. While we love Gusto, the best choice for you depends on your specific needs.

Remember, good payroll management is just one part of running a successful assisted living facility. It helps you take care of your staff so they can take great care of your residents.

If you’re ready to take the next step, download our Business Plan Checklist to ensure you have everything you need to write a solid business plan. In addition, consider participating in the Assisted Living Investing Mastermind program. This 12-month course will take you step by step through the process of owning and operating your own assisted living home. The program includes customized coaching support, ensuring you have the resources and knowledge you need to thrive in this exciting field.

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