Franklin

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Frequently asked questions

What is Franklin?

Franklin is a modern payroll solution that helps U.S.-based companies manage the complexities of employing and contracting workers in the United States. It handles tax deductions for federal, state, and local jurisdictions, files with the IRS on behalf of the business, and provides digital and mail delivery of tax forms to employees and contractors. Additionally, Franklin offers features for global contractors, leveraging stablecoins for cost-effective and fast payments, and providing invoice management capabilities.

What features does Franklin offer for U.S. based teams?

Franklin offers the following features for U.S. based teams:

1. Management of tax deductions for federal, state, and local jurisdictions for U.S. employees.
2. Filing with the IRS for your business at no extra charge.
3. Digital and mail delivery of tax forms to U.S. based employees and contractors at the end of the year.
4. Automated accounting.
5. Robust reporting.
6. Automated tax compliance.
7. Unlimited payroll and payments.
8. Streamlined hiring and onboarding.
9. Direct deposit and onchain payments.
10. Free, dedicated customer support.

How does Franklin handle tax compliance?

Franklin handles tax compliance by managing tax deductions for all federal, state, and local jurisdictions for U.S. employees. They also file with the IRS for your business at no extra charge. At the end of the year, U.S. based employees and contractors will receive their respective tax forms digitally and via mail.

Can I migrate my existing payroll data to Franklin?

Yes, Franklin makes it easy to migrate your existing payroll and workforce data quickly and securely. They handle the heavy lifting for you and provide dedicated support throughout the process.

Does Franklin have any limits on payroll runs?

Franklin does not have any limits on payroll runs. Businesses can process payroll and payments as often as they require without worrying about unexpected fees or hidden rate limits.

Can I set up benefits like healthcare and 401(k) through Franklin?

Yes, you can set up benefits like healthcare and 401(k) through Franklin's platform partners. All of the withholdings and contributions can be customized and automated with each payroll run.

How does Franklin simplify the hiring and onboarding process?

Franklin simplifies the hiring and onboarding process by providing a built-in hiring flow that streamlines the process. With digital signing, Franklin makes it easy to collect all necessary documents to get workers started.