Startups can simplify their payroll, compliance, and benefits management processes while saving an average of $20,000 annually. Warp offers full-service payroll support for both employees and contractors across all 50 states, automating tax deductions and filing while consolidating numerous compliance accounts into one platform. Additionally, users can acquire small group or ICHRA coverage and seamlessly synchronize health benefits deductions with payroll. The service facilitates payments to global contractors in over 150 countries, allowing transactions in either US dollars or local currencies. With its automated compliance and monitoring features, Warp enables startups to save up to six hours each month and avoid up to $20,000 in yearly fines. When you onboard new employees through Warp, the platform automatically sets up the necessary tax accounts in each jurisdiction, remits taxes to the relevant agencies, and handles all quarterly filings. Moreover, users can effortlessly send employment contracts, set up payroll, and implement health coverage among other functionalities in just a few clicks. Comprehensive medical, dental, and vision coverage is available through leading carriers, enhancing the overall benefits experience for startups and their employees. This streamlined approach not only improves efficiency but also ensures that startups remain compliant with ever-changing regulations.
