Square Payroll

The product is payroll software that runs payroll for hourly, salaried, W-2 and contractor workers, calculates and withholds federal and state taxes, and handles filings, W-2s, 1099-NECs and new-hire reporting to reduce manual work and compliance risk. It sells to HR, finance and operations staff at small to mid-sized businesses across retail, food and beverage, beauty and services sectors, from solo operators to multi-location chains. It is delivered as a SaaS platform with a mobile app, integrated with point-of-sale timecards and tip imports and automated payroll scheduling.

Key features

• Run payroll in minutes
• Pay W-2 employees and contractors
• Unlimited pay runs per month
• Automate payroll runs
• Run payroll via mobile app
• Streamline employee onboarding
• Import timecards from POS
• Import and calculate tips
• Create and publish staff schedules
• Labor-cost reporting
• Automatic payroll tax calculations and filings
• Generate and file W-2s and 1099-NECs
• Multiple tax jurisdiction support
• New-hire reporting
• Health insurance add-on via partner
• Instant Deposit via Cash App
• 401(k) retirement benefits add-on