New integrations of insurance and 401(k) services on QuickBooks platform – QuickBooks

With the introduction of QuickBooks® Insurance and 401(k), our customers can now protect their businesses with comprehensive insurance coverage and offer their employees a 401(k) benefit, traditionally offered only by large companies.

These expanded capabilities aim to help small businesses succeed and help their employees thrive.

QuickBooks is working with select partners to provide these two critical components of business operations that are often overlooked or perceived to be unattainable.

QuickBooks Insurance

Many small businesses have insufficient coverage in key areas, leaving them vulnerable when the unexpected happens. In addition, the traditional process of obtaining business insurance is cumbersome and complex. Many agencies require small business owners to fill out several forms to initiate a purchase process that can take several days to weeks to complete.

QuickBooks Insurance makes it easy and convenient for a small business to become insured online in minutes. Accessible via the Insurance tab from within QuickBooks, QuickBooks Insurance offers general liability, professional liability, employment practices liability, workers’ compensation, commercial auto, cyber, and earthquake insurance through four highly-rated providers: AP Intego, Coterie, Cover Genius, and Next Insurance.

QuickBooks uses artificial intelligence (AI) to recommend the best insurance policy to customers based on relevant information that already exists within QuickBooks and their unique insurance needs. This information helps QuickBooks find the right provider and expedite the application process. Once customers purchase an insurance policy, they can view key details of the policy and provider in their QuickBooks account.

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If a small business owner needs help choosing a policy, QuickBooks Insurance has an online recommendation tool OR can connect them with certified insurance experts to guide them through the process, giving them confidence that the policy they choose is right for them.

Several of QuickBooks Insurance policies offer the ability to pay in smaller monthly installments.

Visit our QuickBooks Insurance pages for more details:

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401(k) powered by Guideline

QuickBooks Online Payroll customers now have affordable access to a benefit that helps attract and retain employees, while also providing staff with the ability to save for retirement using QuickBooks 401(k) powered by Guideline.

Small business owners can set up their company’s 401(k) plan in minutes and automate the appropriate employee payroll deductions, all from within their QuickBooks account using Guideline’s single sign-on integration with QuickBooks Online Payroll. Data is securely synced automatically, so updates and changes will be reflected in both places without any additional steps.

The cost for a 401(k) plan through Guideline is $39/month base plus $8/month for each employee, and is designed for businesses of any size. As a QuickBooks Online Payroll customer, this cost includes full-service 401(k), 3(16) and 3(38) fiduciary, live U.S.–based support, employee onboarding, low-cost mutual funds, and simple employee and employer dashboards.

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401(k) contributions are automatically deducted each pay run. No need to maintain deductions or manually re-enter payroll data. Small businesses can also offer to match contributions if they choose.

Visit our QuickBooks 401(k) app page for more details.

401(k) retirement plans from the Benefits tab in QuickBooks Online Payroll. Clicking on “Get Started” will direct users to 401(k) options powered by Guideline.

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