PayCycle is striving to make payroll less of a burden on small-business owners. PayCycle is an online payroll application, making the process of paying employees faster and more efficient. It has a built-in payroll calculator that instantly creates paychecks that can be printed instantly from the PayCycle Web site. Tax deductions, insurance premiums and other deductions are taken care of automatically with PayCycle’s software. You can pay your federal payroll taxes electronically or use the free direct deposit, a popular choice for online payroll. PayCycle is certified by independent industry watchdogs including VeriSign TRUSTe and the Online Better Business Bureau.