Intuit Analysis
What is Intuit?
The construction payroll service offered by Intuit, through its QuickBooks platform, is designed specifically for the needs of construction businesses. It includes features such as Auto Payroll, time tracking, automated tax calculations, and the ability to manage labor costs effectively. Users can set multiple pay rates for employees, track contractor payments, manage timesheets, and generate detailed reports on labor expenses. The service also supports direct deposit options and provides workers' compensation coverage, helping businesses save time and stay organized.
Employees
10001+
Founded
1983
Industry
Finance
Product Features & Capabilities
- TurboTax for tax preparation
- QuickBooks for accounting and payroll
- Credit Karma for credit monitoring
- Mailchimp for email marketing
- TurboTax Live for personalized tax assistance.
Use Cases
File personal taxes efficiently with TurboTax; Manage small business finances with QuickBooks; Monitor credit scores using Credit Karma; Automate email marketing campaigns with Mailchimp; Access live tax assistance through TurboTax Live.
Pricing
The pricing model for Intuit's construction payroll services through QuickBooks includes three main packages:
- Payroll Core - $44/month (after a 50% discount for the first three months) plus $6.50 per employee per month.
- Payroll Essentials - $62.50/month (after a 50% discount for the first three months) plus $6.50 per employee per month.
- Payroll Premium - $101.50/month (after a 50% discount for the first three months) plus $10 per employee per month.
Each package offers features such as full-service payroll, automated tax calculations, and expert product support, making them suitable for construction companies and other small businesses.
Other Considerations
Serves approximately 100 million users; Offers a range of financial products; Recognized for innovation in financial technology.
Key Features
- Manage Labor Costs: Create multiple pay rates for workers and track expenses for each project.
- Pay Contractors: Track contractor payments and assist with 1099 forms.
- Track Time and Create Schedules: Manage timesheets and share schedules with the team.
- Construction Reporting: Run reports on overtime and project costs.
- Direct Deposit: Offer same-day or next-day direct deposit for employees.
- Workers’ Compensation: Provide workers' compensation coverage with automated premiums.
- Full-Service Payroll: Intuit calculates, files, and pays payroll taxes.
- Next-Day Direct Deposit: Fast payment to employees.
- E-file Unlimited 1099s: Streamline contractor payments.
- Expert Product Support: Available via phone or chat for assistance.
Target Clients
The primary clients targeted by Intuit's construction payroll service are small construction businesses. Intuit's QuickBooks Payroll is specifically designed to cater to the needs of these businesses, providing tools for payroll management, time tracking, and HR functionalities. Approximately 30,000 small construction businesses utilize QuickBooks Payroll, indicating a strong focus on this sector.
