Inuit to Share Payroll Data from 1.4M Small Businesses With Equifax

According to a recent article on KrebsonSecurity.com, “Financial services giant Intuit this week informed 1.4 million small businesses using its QuickBooks Online Payroll and Intuit Online Payroll products that their payroll information will be shared with big-three consumer credit bureau Equifax starting later this year unless customers opt out by the end of this month.

Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.”

At GetPayroll our privacy policy is simple ” We do not disclose non-public personal information to non-affiliated third parties only as required by law.”

You are in full control of your data and there is no risk of us sharing your data with anyone.

Quickbooks vs GetPayroll

QUICKBOOKS PAYROLL ALTERNATIVE

QUICKBOOKS SUBSCRIPTION FEES

GetPayroll offers all its clients a pay-as-you-go plan, so you only pay when you run payroll and there are no long-term contracts. Quickbooks requires you to purchase a yearly subscription, with subscription rates increasing each year. In 2021 alone QuickBooks Essentials clients are expected to see a 25% increase in their service costs.

QUICKBOOKS SHARES DATA

Another thing to consider is the privacy and security of your payroll data. Quickbooks Payroll openly shares your employee payroll data with credit bureaus such as Equifax. GetPayroll on the other hand does not disclose ANY nonpublic personal information unless required by law.

QUICKBOOKS CUSTOMER SERVICE

When you have questions about payroll, you should be able to connect with a payroll professional to get your questions answered. With GetPayroll, you are guaranteed to talk to your payroll professional and get personalized guidance.  Quickbooks offers “expert product support” but there is no guarantee that you will be able to talk to the same “expert” each time. Let alone someone familiar with your payroll.

COMPLIANCE

GetPayroll also has a US Tax Court Practitioner on staff to represent you in front of the IRS, at no additional cost.  You would need to upgrade to Quickbooks “Elite” payroll package, to get some limited form of protection, and still without CPA or US Tax Court Practitioner support. GetPayroll would rather treat all their clients as elites.

QUICKBOOKS FILING FEES

What if you have employees in multiple states? GetPayroll guarantees no additional fees for multi-state tax filings.

Same with e-filing your 1099 forms. While Quickbooks does offer free e-filing for your first three forms and any form 20 and onward. They still charge $3.99 each for any additional form between forms 4-19. This additional fee is nonexistent with GetPayroll.

 With these comparisons in mind, it’s easy to see that GetPayroll is the optimal choice for all small to medium size businesses. 

Want a walk through of how everything works?