Question 1

Why payroll AND personal finance in the same app?

Accepted Answer

Because the founder running the payroll is also the person whose W-2 and 1099 and K-1 land in that payroll. MoneyLoop is the only platform where your business compensation and your household money live in one secure account with persona-isolated access — so your employees never see your personal picture, and your personal copilot knows what your business owes you.

Question 2

Is MoneyLoop free to start?

Accepted Answer

Yes. Free forever for teams up to 3 employees — time tracking, approvals, single-state payroll, and direct deposit. Personal finance side is free for the founder. You pay $12/employee/month starting with your fourth hire.

Question 3

Which tax documents can I store and classify?

Accepted Answer

15 IRS forms: W-2, 1099-NEC, 1099-MISC, 1099-DIV, 1099-INT, 1099-B, 1099-R, K-1, 1098-E (student loan), 1098-T (tuition), 1095-A/B/C (healthcare), SSA-1099, 1040, and Schedule C. Upload a photo and the Anthropic vision classifier labels and files it by tax year.

Question 4

How does MoneyLoop handle multi-state payroll?

Accepted Answer

Register once per state. MoneyLoop handles federal and state withholdings, quarterly 941/940 and state equivalents, year-end W-2 filings, and SUTA across all 50 states. Remote and hybrid teams are supported without extra setup.

Question 5

Is my data secure?

Accepted Answer

AES-256 at rest, TLS 1.3 in transit, read-only Plaid bank connections, persona-isolated row-level security across four layers (database RLS, API guards, UI gates, audit trail), and we never store bank credentials. SOC 2 Type II in progress.

Question 6

Can I migrate from Gusto, Rippling, or Monarch?

Accepted Answer

Yes. We import employees, year-to-date totals, tax IDs, and pay history from Gusto/Rippling/Justworks in one click. Personal finance migrates from Monarch/Copilot/Mint/YNAB via CSV or Plaid re-connection. Most teams complete the full cutover in under an hour.

Security at the core.

Seven pillars, reviewed quarterly.

Infrastructure

Encryption

Access control

Monitoring

Vulnerability management

Incident response

Compliance

Report a vulnerability.

Run payroll on infrastructure you can actually audit.