Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone use ADP for their payroll processing?
Old 11-03-2007, 07:20 PM   #1
Thinks s/he gets paid by the post
thefed's Avatar
 
Join Date: Oct 2005
Posts: 2,203
Anyone use ADP for their payroll processing?

I am tired of doing payroll and taxes manually. So, I'd like to be able to outsource it to someone like ADP, or another firm if the service offered are cheaper.


They quoted me only $65/month to process payroll for 2 employees as well take out and send in taxes for the business quarterly or as needed.


Just looking for some different ideas on my options.

My MAIN reason for doing this is to ensure compliance with the tax laws, as well as being able to show a paystub if I ever need to apply for credit



Thanks!
__________________

__________________
thefed is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-03-2007, 07:31 PM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,015
At my last (final) employer, we used Paychex to manage the payroll/tax stuff and we were very happy with their services. Can't remember how much we paid for Paychex to manage these services for our employees, but knowing our financial VP, the price had to be very competitive.
__________________

__________________
Achiever51 is offline   Reply With Quote
Old 11-04-2007, 01:21 AM   #3
Thinks s/he gets paid by the post
DangerMouse's Avatar
 
Join Date: Jan 2007
Location: Silicon Valley
Posts: 1,812
We are in the process of moving from Paychex to ADP. Not sure what is going on at Paychex, but it seems every month our rep leaves then we wait another month to get a new contact. They have made numerous screw ups that are just not acceptable.
__________________

I be a girl, he's a boy. Think I maybe FIRED since July 08. Mid 40s, no kidlets. Actually am totally clueless as to what is going on with DH.
DangerMouse is offline   Reply With Quote
Old 11-04-2007, 07:01 AM   #4
Recycles dryer sheets
Wheel's Avatar
 
Join Date: Sep 2005
Posts: 58
We used ADP in my company. Looked at others trhoughout the years, but ADP was simply the best. No mistakes, payroll was accurate and on time, every time. We were willing to pay a little more in exchange for the peace of mind.
__________________
"The surest sign that there is intelligent life out there is that they haven't tried to contact us yet." Calvin & Hobbes
Wheel is offline   Reply With Quote
Old 11-04-2007, 12:52 PM   #5
Thinks s/he gets paid by the post
 
Join Date: May 2006
Location: Largo
Posts: 1,945
We quit ADP (mistakes, unresponsive) and went with Paychex earlier this year. Haven't heard any complaints from HR.
__________________
Buckeye is offline   Reply With Quote
Old 11-04-2007, 08:34 PM   #6
Recycles dryer sheets
 
Join Date: May 2006
Posts: 230
I got rid of Paychex at the end of 2006. I had a terrible time with them. Constant agent turnover, an inflexible website and constant errors on their part. And to boot, they kept ratcheting up the charges until they reached twice the cost of its competitors (i.e. ADP). I finally got fed up with them (I hadn't chosen them, I had inherited that situation.)

Starting 1/1/07 I switched to using QuickBooks Assisted Payroll and I am extremely happy with it. I wish I hadn't stuck with Paychex for so long.

Keep in mind that any full-service company you choose will probably walk your costs up over time. Also, don't forget that they will add delivery costs, W-2 costs.

Also, FWIW, my parents use ADP for an eight paycheck company and are happy with them. I think their cost is about $125.

If I were you I would get it set up now and then wait to start at the beginning of 2008 just to make a clean start.
__________________
terminator is offline   Reply With Quote
Old 11-04-2007, 09:53 PM   #7
Full time employment: Posting here.
 
Join Date: Oct 2007
Location: Willamette Valley, Oregon
Posts: 831
Quote:
Originally Posted by thefed View Post
I am tired of doing payroll and taxes manually. So, I'd like to be able to outsource it to someone like ADP, or another firm if the service offered are cheaper.


They quoted me only $65/month to process payroll for 2 employees as well take out and send in taxes for the business quarterly or as needed.


Just looking for some different ideas on my options.

My MAIN reason for doing this is to ensure compliance with the tax laws, as well as being able to show a paystub if I ever need to apply for credit

Thanks!
As a former tax preparing CPA, many of my clients came in with ADP W-2's. I was always glad to see them because those W-2s never had anything "funny" about them like others I saw from time to time. Sometimes there is coding in some of the boxes on W-2s and ADP's always had that done right, which is very important, as the wrong code in the wrong box could mess up someone's income tax reporting bigtime.

After some years of being impressed by ADP I invested in their stock.
__________________
Dreams Worth Dreaming are Dreams Worth Planning For. I Spent a Career Planning for Early Retirement.
RetireeRobert is offline   Reply With Quote
Old 11-05-2007, 06:52 AM   #8
Thinks s/he gets paid by the post
Outtahere's Avatar
 
Join Date: Sep 2005
Posts: 1,677
We've used ADP here for about 12 years, no problems so far and they've been very easy to work with on special payrolls or problems we've had. Every now and then someone like Paychex will come around and try to win us over but they can't seem to match ADPs pricing.
__________________

Dogs aren't our whole lives, but they make our lives whole. - Roger Caras
Outtahere is offline   Reply With Quote
Old 11-05-2007, 09:17 AM   #9
Recycles dryer sheets
 
Join Date: Feb 2004
Posts: 81
The large firms such as the ADP's of the world do a good job. I would caution you to do some homework if you choose to use an unknown local or regional firm. I have seen instances where the service provider did not remit the payroll taxes and went bankrupt. You are still liable for the unpaid taxes and penalties. Ouch.
__________________

__________________
roadkill is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Payroll for private caregivers lacunar Health and Early Retirement 1 10-03-2007 10:52 AM
Medicare payroll tax rates. Lakewood90712 FIRE and Money 3 01-03-2007 07:42 AM
National Payroll Week REWahoo Other topics 5 09-01-2005 07:37 PM
payroll taxes on investment/passive income? Berkshire_Bull Other topics 1 11-26-2004 08:50 AM

 

 
All times are GMT -6. The time now is 02:15 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.