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Renew at $305 or Buy a New Subscription! - Updated Jul 4, 2012
on January 29, 2012
Newest information. - July 10. 2012
On 9/1/2012 Intuit will cease the option to add "additonal" employees for $10 a month, for those months when you hire extra help. It was good while it lasted. :( Currently, if you have 3 employees there is no additional charge. Amazon is not selling the Unlimited version, nor is anyone else as of this writing.
Here is the scoop from the sales and support folks at Intuit....
On September 1, 2012 - if you try to run more than 3 employees, you will be asked to upgrade to unlimited. The cost is a staggering $395.00. They will prorate your initial cost and bill you for the rest. Your new renewal date will be the date you upgrade.
Example: Mary buys 3 employee software in March 2012 (for $150) and installs it on Mar 1, 2012. On Sep 1, 2012 she runs a 4 employee. Intuit will credit Mary $75 (unused portion of her March purchase)and charge her credit card for the remainder.
Sorry folks, as a small business bookkeeper I know it's a huge increase. I'm holding out hope that Intuit will distribute the "Unlimited" versions thru Amazon or revise their pricing. I've done a significant amount of research and at the new price of $40 a month there's not much out there that competes with the feature rich Quickbooks for Payroll.
Good news is..... as of this writing, Quickbooks is offering the unlimited version for $276.50. If you have 4 or more employees, could be a good time to buy. Check out [...]
I think Payroll for Quickbooks is a great product. All the forms you need are available for federal & state filing. Easy to run a scheduled or unscheduled payroll. Easy to add an employee deduction. SEP or other retirement accounts are nicely explained and are correctly stated on the payroll forms. There is alot to like about this payroll software. Very easy to electronically pay all your federal liabilities and file federal forms electronically.
When you install this copy you'll be asked for a credit card, which will be ultimately used for your renewal in 12 months. We all get busy and before you know it, you'll be charged by Intuit for a renewed subscription. As a small business bookkeeper it boggles my mind why a company as big as Intuit would penalize their existing customers by charging double the price of a new copy. Our reward to staying loyal and renewing is over $300!!
Make a note to order a new copy from Amazon.com 30 days prior to your expiration date. There are copies on Amazon.com to be had for as low as $139.00, as long as you're willing to wait a few days for delivery. Check your payroll service key information for the expiration date and remove the key prior to automatic renewal. Insert the new payroll CD, install a new service key and you're back in business. All the data remains intact (though I strongly suggest you make a backup before doing anything to your business file).
INTUIT was very good about refunding my client the $330 renewal fee (he forgot to remove the service key before expiration). Took a few days to get a credt on his credit card. So if you forget... don't run any payrolls with the new service key, call for a refund and you'll be refunded 100%. Obviously if you use the software, they may make it more difficult.
Payroll for Quickbooks is the most economical way to run a small business payroll. Be sure to make all your payments on time, else all your savings (verus a payroll service) will vaporize. The IRS is very, very serious about payroll taxes! If you're not good about making timely payments, hire a payroll service.