A resilient US labor market and slowing (finally!) inflation resulted in surprising economic growth in 2023. At Gusto, we’ve been growing too, by making payroll faster and more accurate, and implementing new features to help employees maximize their time. There’s never been a better time to work with Gusto.
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Better, faster, more integrated payroll
With new and improved payroll features and easier ways to reward your team, we’re here to save you time and money—no matter where your employees work.
New: Take your business global
Gusto Global, powered by Remote, is our new Employer of Record (EOR) service that helps you easily hire, pay, and manage your international employees. Just like with your workers in the United States, you can onboard them, pay them on time (in their local currency), offer benefits, and handle expenses, time off, and bonuses with ease.
New: Smarter CSV uploads
We’ve improved our CSV upload functionality that allows you to upload hours and earnings to run payroll. Save time you used to spend gathering, preparing, and formatting payroll data into Gusto’s specific format by uploading CSV files in your own preferred format. Small businesses and accountants can now run payroll in five minutes or less.
Coming soon: Spreadsheet
We’ve completely revamped how to run payroll on Gusto. Spreadsheet, our new holistic payroll view, will save you time by making it easier to enter payroll data, catch errors, and verify your payroll’s accuracy. Stay tuned for Spreadsheet’s debut this spring.
New: Redesigned bonus and off-cycle payroll flows
We’re always looking to optimize the payroll experience, and Gusto loads faster than ever before. Now you can filter for relevant workers to save data entry time to get back to other tasks.
New: Improved expense-review management and admin notifications
Get your people reimbursed on time, in no time. Now you can preview receipts from the main expense dashboard and get alerted if a receipt is missing. It’s all the info admins need, all on one screen. And soon Gusto will immediately notify admins once an employee has submitted an expense for review.
Coming soon: Activity log
Make payroll audits easier! The activity log will document the history of payroll and related activities, making it simpler for auditors and other stakeholders to reconstruct and verify your payroll’s origin story.
New: Bulk update employee compensation
Get it done all on one screen. Now admins can increase compensation by a set amount or a percentage. You can even change job titles for your entire company. No more switching between screens or performing the same task over and over.
New: Section 174 tax liability calculator
Confused about compliance with Section 174 tax laws? We launched a free tool to help small businesses and accountants understand how claiming R&D credits can help them reduce the income tax liabilities that increased under recent legislation. Enter in three figures to quickly estimate the tax saving your business may be eligible for by claiming R&D tax credits.
More accurate, more powerful time tracking
Your employees (and international contractors!) will appreciate new features like using familiar devices to clock in, editing timesheets to fix mistakes, and even receiving paid breaks—all documented on Gusto. And your admins will be happy it all integrates with payroll.
Precise clocking in and out with time kiosk
With time kiosk, your team will always be in the right place at the right time. Setup on your device is easy: Just place it where you want workers to punch in and out, and you’re all set. Reviewing timesheets is a breeze with time kiosk, available on the Plus or Premium plan.
Configurable timesheet settings
Forget about confusion around workers editing timesheets. Your admins are now able to configure timesheets to specify where workers can clock in, toggle workers’ ability to edit timesheets, and more.
New: Paid breaks
Gusto now supports both paid and unpaid breaks. Set up break policies to be compliant with your state’s laws, and we’ll take care of the rest. Your employees will get their well-deserved rest and meal breaks, and it all integrates seamlessly with payroll.
Benefits that work for you and your business
Our 401(k) plans are better than ever, and shopping for insurance has never been easier. It’s a great time to take care of your employees with Gusto.
New: 401(k) integration with industry-leading partners
In addition to our partner Guideline, you can now choose Human Interest, Betterment, or Vestwell to manage your Gusto 401(k). No matter which partner you work with, employee rosters, deductions, payroll data, eligibility tracking, and automated fund movement all sync with Gusto.
A simpler way to shop insurance
Gusto sorts through thousands of group health insurance plans for you, so you can find the plan that best fits your unique budget and coverage needs. With just a few clicks you can see the right plans for your team, including descriptions and pricing estimates.
2023 was a wild ride, but we couldn’t be more excited about what’s to come. We look forward to working with your business and can’t wait to show you what we’ve got planned next. Here’s to a prosperous 2024!
