I'm a small business owner (sole proprietorship). I have 3 employees. I use ADP to process and handle my payroll. ADP charges me about $80 per payroll processed, which adds up to about $2,000 for the year.
I'm filling out my Schedule C in TurboTax and there's a bunch of different categories for business deductions, but I don't know what category to place payroll processor expenses in. Where should I list this expense?
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You can add your own description, like "payroll processing fees" and put in the amount under Other Miscellaneous Expenses. It will show up on Part V of Schedule C and the total of all Other expenses will go on Line 27a.
TurboTax calls it "Other Miscellaneous Expense" on the screen "Let's write off some business expenses" and it is the last category on the list. It allows you enter your own categories and amounts. See screen shot.
Here are the steps:
Looks like you need to make a switch. Square (same company used for credit card processing) is much cheaper. If you haven't done so already, shop around. I pay $54/mo for 4 employees on payroll. Total.
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