5 Reasons NOT to Use GUSTO for your Payroll

Thinking of using Gusto for your payroll needs? Hold that thought! In this deep-dive review, I unpack my real-life experiences with Gusto after four years of use, highlighting key insights that aren't just pulled from a website. From unexpected complications with their services to hidden perks of their plans, I'll guide you through the essential considerations every business owner should know before signing up. Plus, I'm also sharing some reasons why I keep on using Gusto for my payroll after 4 years. Don't miss these critical details-watch the full video for an informed decision!
Free Visa Debit Card (see my Gusto referral link for details) ➡️ gusto.com/r/eric22247
Deel ➡️ bizbuddy.com/deel
QuickBooks ➡️ bizbuddy.com/quickbooks
You will see you can get the $100-200 when you use my link. Yes, I earn a referral as well... but I don't want you to miss out on a free Visa debit card. If you have more than 10 users your bonus could be higher.
Table of Contents:
0:00 Gusto Payroll
0:23 Dashboard
0:47 Pricing
2:23 International Payroll
4:12 Hiring Tools
5:05 Gusto Integrations
6:54 Pay International Contractors
8:37 Pricing (Before & After)
10:45 Reasons why I LIKE Gusto
10:48 Filing Tax Documents
12:15 App Directory
12:33 Helpful Phone Call
13:33 Free Visa Debit Card ➡️ gusto.com/r/eric22247
14:18 Ultimate Payroll Review
Free Visa Debit Card (see my referral link for details) ➡️ gusto.com/r/eric22247
Deel ➡️ bizbuddy.com/deel
QuickBooks ➡️ bizbuddy.com/quickbooks
Disclaimer- I am not an attorney or a CPA, just a small business owner who has researched this information thoroughly while setting up my own LLC (S-Corp now). This is meant as educational information but now legal advice in any way. If you need legal advice please consult with your attorney and CPA on the best fit for your needs.
#Gusto #Payroll #GustoPayroll #GustoReview

[@leodegmx]

Thumbs up on the waybackmachine tip

[@khateebjaved3490]

what's the difference between individual or team bookkeeping which bench provide now kindly elaborate??

[@bizbud]

Not 100% positive. But I think they were having issues with turnover of the account manager. I had prob 4 people that were my direct contact so every time someone leaves the new person has to pick up the pieces. So my guess is they switched to a team books accounting where you can plug and play pieces in and out but it resulted in my books being 5-6 months behind this year.

[@TBb____]

So you use Gusto for your payroll and Quickbooks to keep your books?
I have business where I’m there only employee and have paid our expenses but haven’t paid myself. I’ve only made about 4-5k. What would you suggest I get?
My business is a freight brokerage. LLC

[@bizbud]

I’m not a CPA but here’s my understanding.
You’re a single owner LLC and when you pay yourself like you’re setup now you’re just moving money from biz bank to personal and you’re taxed at your individual tax rate on your personal return.
Once you start earning 40-50k a year you can reclassify your LLC to be taxed as an S-Corp. then put yourself on payroll and pay yourself a reasonable salary. The distributions you take will be taxed less but it’s only worth doing this if you’re making that 40-50k net threshold.
Again may want to talk with a CPA but in your situation you can just continue without gusto bc you don’t have to be on payroll just yet. But once you decided to hire an employee or switch to s corp is when a payroll service makes sense.

[@TBb____]

@@bizbud Thank you. So I don't need any software to simply pay myself from my business to my personal?
I was also under the impression that I needed to get a software now to keep my books showing my business transactions such as the money gained and lost through purchases.