Square launches payroll product in Florida

Payment processing company Square announced Thursday it is launching Square Payroll in Florida, where nearly 99 percent of employers are small businesses.

With the product now available in Florida, California and Texas, Square Payroll is available to nearly 30 percent of all small businesses in the country, the company said.

Square Payroll takes care of multiple tasks for business owners, such as taxes, payments and direct deposits, helping them avoid fines and penalties as a result of complex filing requirements. Timecards are integrated and setup is easy, the company said. The cost is $20 a month plus $5 per employee, and it is available to all businesses, not just those processing payments with Square.

Nancy Dahlberg