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Smart Thermostats Market size is set to grow by USD 5.51 billion from 2024-2028, Growth in number of HVAC equipment users boost the market, Technavio

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NEW YORK, Aug. 6, 2024 /PRNewswire/ — The global smart thermostats market size is estimated to grow by USD 5.51 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  24.07%  during the forecast period. Growth in number of hvac equipment users is driving market growth, with a trend towards increasing focus on integrated building management systems. However, high initial prices affect demand for smart thermostats  poses a challenge. Key market players include Alphabet Inc., Carrier Global Corp., Centrica Plc, Computime Group Ltd., Control4 Corp., ecobee, EcoFactor Inc., Emerson Electric Co., GridPoint Inc., Honeywell International Inc., Johnson Controls International Plc., Legrand SA, NETATMO SAS, Nortek, Radio Thermostat Co. Of America, Robert Bosch GmbH, Robertshaw Controls Co., Schneider Electric SE, tado GmbH, and Venstar Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Smart Thermostats Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 24.07%

Market growth 2024-2028

USD 5511.8 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

19.08

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 56%

Key countries

US, Canada, Germany, China, and Mexico

Key companies profiled

Alphabet Inc., Carrier Global Corp., Centrica Plc, Computime Group Ltd., Control4 Corp., ecobee, EcoFactor Inc., Emerson Electric Co., GridPoint Inc., Honeywell International Inc., Johnson Controls International Plc., Legrand SA, NETATMO SAS, Nortek, Radio Thermostat Co. Of America, Robert Bosch GmbH, Robertshaw Controls Co., Schneider Electric SE, tado GmbH, and Venstar Inc.

Market Driver

The demand for energy efficiency and cost savings in both residential and commercial buildings is driving the growth of advanced systems for lighting, cooling, heating, and ventilation. Integration of these systems, such as lighting and HVAC, under one platform is optimizing energy usage and improving building management systems. This integration enables the regulation of temperature, humidity, and light based on occupancy levels, leading to energy savings and a more comfortable environment. Smart thermostats are a key component of these integrated systems, allowing for the adjustment and control of heating and cooling based on occupancy and energy usage patterns. The trend towards smart buildings is increasing, with the installation of these advanced systems to accommodate integration with existing building automation or upgraded systems. This integration results in optimized energy consumption, enhanced profit margins, and a more comfortable internal environment. The global smart thermostats market is poised to benefit from this trend in the near future.

The Smart Thermostats market is experiencing significant growth, driven by trends in HVAC systems, IoT technology, and customer-centric services. Remote appliance control, energy efficiency, and cloud technology are key features. Motion sensors, power usage monitoring, networking, and AI technologies enhance user experience. Companies like ScienceSoft offer skilled professionals for upgrading traditional thermostats to smart ones. Residential and commercial applications, including heating, cooling devices, and air conditioners, benefit from energy savings. Older people and energy efficiency standards also fuel demand. IoT infrastructure and wireless networks enable geofencing and temperature control via smartphones. Energy management solutions, such as Ecobee API with an HTTP-based interface, facilitate energy conservation and reduce power cost and electricity consumption. Smart gadgets continue to lead the way in home automation and energy savings.

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Market Challenges

The high initial cost of smart thermostats is a significant barrier for consumers, as most models are do-it-yourself (DIY) types. This requirement for professional installation adds to the overall expense, making traditional thermostats, which cost around USD50, a more attractive option for many. This high cost may hinder market penetration and negatively impact the growth of the smart thermostat market during the forecast period. Major vendors such as Nest Labs, Honeywell International, and ecobee Inc. Need to find ways to reduce the cost of their smart thermostats or offer more affordable installation options to expand their customer base.The market for smart thermostats is growing as consumers seek energy conservation and cost savings. Coolers, heaters, and air conditioners account for a significant portion of household energy consumption and power costs. Smart thermostats, as energy management solutions, enable users to control their HVAC systems using smartphones and APIs like Ecobee’s HTTP-based interface. These devices offer energy savings and ROI through user behavior analysis and monitoring capabilities. However, challenges include data security concerns, cost of devices, and user adoption in industrial settings. Smart gadgets like Google Nest use temperature and humidity sensors, IR technology, and wireless connectivity like ZigBee and Wi-Fi. The market is segmented into Wi-Fi, standalone, and connected segments, with the commercial segment showing potential for significant growth.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This smart thermostats market report extensively covers market segmentation by

Technology 1.1 Wi-fi1.2 ZigBee1.3 OthersGeography 2.1 North America2.2 Europe2.3 APAC2.4 Middle East and Africa2.5 South America

1.1 Wi-fi-  The smart thermostat market is experiencing significant growth due to increasing energy efficiency and convenience. These devices allow homeowners to remotely control temperature settings and receive energy usage reports. Major players like Nest, Ecobee, and Honeywell dominate the market, offering advanced features such as learning capabilities and integration with voice assistants. The market’s growth is driven by consumer demand for cost savings and comfort, as well as government initiatives promoting energy efficiency.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Smart Home market is experiencing rapid growth, driven by increasing consumer demand for convenience, energy efficiency, and security. Key segments include smart lighting, security systems, and home automation, with major players such as Amazon, Google, and Apple leading innovations. The adoption of AI and IoT technologies is further propelling market expansion, making smart homes more accessible and integrated.

Research Analysis

Smart thermostats are IoT-enabled HVAC devices designed to optimize temperature control in homes and industries for energy efficiency. They offer customer-centric services through remote appliance control, enabling users to manage their heating and cooling systems using smartphones or cloud-based platforms. These devices use sensors, motion sensors, and AI technologies to learn user behavior and preferences, adjusting temperature settings accordingly. Energy management solutions, such as power usage monitoring and electricity consumption tracking, are also integral features. Networking capabilities enable seamless integration with other smart home gadgets, while cloud control and APIs, like Ecobee API with an HTTP-based interface, facilitate easy access and energy savings. The adoption of smart thermostats is growing rapidly in households and industries, offering significant return on investments through improved energy efficiency.

Market Research Overview

The Smart Thermostats market is a rapidly growing segment in the HVAC industry, driven by the Internet of Things (IoT) and customer-centric services. These devices enable remote appliance control, energy efficiency, and temperature management for both residential and commercial applications. Smart thermostats use sensors, temperature, humidity, motion, and power usage data to optimize energy consumption and savings. Cloud technology and AI technologies enhance the capabilities of these devices, allowing for real-time monitoring and control. Smart thermostats are compatible with various HVAC systems, including heating, cooling devices, and air conditioners. They offer features like geofencing, wireless network connectivity, and energy savings through API integrations with smart gadgets and platforms. The market includes standalone, connected, and Wi-Fi segments, catering to various user needs and budgets. Residential applications, particularly in new construction, are a significant market for smart thermostats, with older people and energy efficiency standards driving adoption. However, data security concerns and cost of devices remain challenges. Industrial adoption is also increasing, with energy management solutions and smartphone usage playing a role. Traditional thermostats are being upgraded with wireless connectivity and networking capabilities, making it essential for skilled professionals to provide installation and maintenance services. Energy savings and return on investments are key factors influencing household and industrial adoption. Smart thermostats are also being integrated with coolers, heaters, and air conditioners, as well as infrastructure for energy conservation and power cost reduction. The market includes various technologies like IR, temperature sensors, humidity sensors, and ZigBee technology, with Wi-Fi segment being the most popular. Smart thermostats offer various monitoring capabilities and energy management solutions, making them an essential component of smart homes and energy-efficient infrastructure.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyWi-fiZigBeeOthersGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Mega Matrix Inc. Announced that the English Version of “Drink Me, Keep Me, Cut Me” Premiered on FlexTV

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SINGAPORE, Jan. 6, 2025 /PRNewswire/ — Mega Matrix Inc. (NYSE American: MPU) announced that its globally renowned short drama streaming platform, FlexTV, premiered short drama Drink Me, Keep Me, Cut Me, the English adaptation of <无心之术>, offering audiences a delicate portrayal of two hearts entangled in a chessboard of love and lies, where subtle maneuvers reveal intentional strategies.

The story begins with a passionate one-night encounter between businesswoman Sarah and bartender Blake. Sarah proposes an enticing deal: she offers to pay Blake a handsome salary to become her live-in partner, ostensibly to help cover his “sister’s” medical expenses. However, Sarah harbors a hidden agenda—she needs Blake’s kidney to save her brother Noah, who suffers from end-stage renal disease.

While Blake seems lured by Sarah’s wealth, he too harbors a secret. The “sister” he claims to be helping is actually Emma, his childhood sweetheart, who he says is battling leukemia. But the truth is even more intricate: Emma fabricated her illness to justify her relationship with Sarah’s affluent brother, Noah, hoping Blake would give up on her out of despair.

As the plot unfolds, Sarah takes Blake abroad, where Emma, caring for Noah, reunites with Blake. The web of lies and secrets begins to unravel, bringing the characters’ true emotions and complex relationships to light.

The English version of Drink Me, Keep Me, Cut Me captivates audiences with its intricate emotional entanglements and unexpected plot twists. Delving into themes of love, family, and trust, the series offers more than just a compelling narrative—it’s a profound exploration of human nature. As each character’s secrets come to light, viewers will witness their struggles to navigate the delicate balance between deception and truth. For more exciting content, please visit https://www.flextv.cc/.

#Urban #Romance #Emotion #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

 

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SOURCE Mega Matrix Inc.

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Infinix and PUBG MOBILE Bridge Talent and Opportunity with Inclusivity Empowering African Youths to Pursue Esports

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Congratulations to the successful holding of 2024 PUBG MOBILE Global Championship (PMGC). With every game played in 2024 PMGC, esports is forging new connections and creating opportunities for African youth. This rings true for Fero, Begho, Daniel and Chris, four university students whose journey in gaming has brought them to the eyes of the world.

SHANGHAI, Jan. 6, 2025 /PRNewswire/ — At the close of 2024, Infinix partnered with PUBG MOBILE to host a national campus competition in Nigeria, titled 2024 PUBG MOBILE Campus Championship (2024 PMCC Nigeria). Four players from the University of Lagos emerged as victors and their road to 2024 PUBG MOBILE Global Championship (2024 PMGC) began as a defining chapter for the new team, the growing esports community in Africa and the rest of the world. Fero, Begho, Daniel and Chris are not the only ones breaking new ground; their journey is part of a larger movement transforming how the world views gaming as a viable career path. These young athletes represent the rising wave of esports talent from emerging nations that are being recognized on the global stage. Their success highlights a broader trend: the esports industry, with its expanding opportunities, has become an accessible platform for the younger generation to showcase their skills, build communities, and carve out careers that were once unimaginable.

 

From professional gaming to diverse roles in content creation, event management and digital marketing, the esports ecosystem is growing in ways that are creating new opportunities every single day. Infinix, as the official gaming phone brand for the 2024 PMGC has been at the forefront of this transformative progression, not only by sponsoring the tournament but more importantly, through creating avenues for emerging talents to connect, compete, and grow. By empowering young players and communities, Infinix is helping to bridge the gap between talent and opportunity, fueling the dreams of countless future esports athletes in Nigeria and beyond.

“Unity Titans”: The E-sports Dream-Chasing Journey of the Nigerian Team

Their paths collided during 2024 PUBG MOBILE Campus Championship (2024 PMCC Nigeria) leading to the formation and rise of a new, dynamic team, Unity Titans. Their shared love for gaming united them, fostering not just camaraderie but a deeper connection that would prove essential in their pursuit of professional esports. During an interview with the champions of 2024 PMGC, Team DK from South Korea spoke about their unique training approach, which emphasized staying united both inside and outside of the gaming environment. “Whether it was training, having meals, playing, or even shopping, we always stuck together. This team spirit helped us progress during training and gave us a solid foundation for effective teamwork in competitions, ultimately leading to excellent results,” they explained.

For these young athletes, the game served as more than just a source of entertainment; it became a way to manage life’s pressures, offering them a sense of balance, a new form of socializing and a space to showcase their talents. With the support of Infinix and PUBG MOBILE, Team Unity’s aspirations took flight, giving them the opportunity to compete on the same stage as some of the world’s best players in the PUBG MOBILE Global Championship (2024 PMGC).

The campus competition – beyond a tournament, was also a celebration of the team, “Unity Titans,” a term that encapsulated the shared sense of community, ambition and collaboration among players and fans alike. It offered a vital platform for participants to engage with industry leaders, explore career opportunities, and gain valuable insights into the ever-evolving esports landscape. While it was unfortunate that the Nigerian team were unable to attend the finals held in London due to visa issues, Infinix saw an opportunity to turn this setback into a positive outcome; ensuring that the excitement of the tournament remains and reached fans through vibrant Watch Party activities held across Nigeria, Indonesia, Pakistan, Uzbekistan, and Thailand.

Local Watch Parties: Bringing Global Esports Home

In Nigeria itself, the Watch Party saw over 100 Infinix gaming fans and PUBG MOBILE enthusiasts gathering to celebrate: participants showcased their creativity by dressing up as their favorite PUBG MOBILE characters. The 360-degree interactive photo and video booths encouraged fans to create meaningful content which was shared across TikTok and Instagram, boosting the event’s visibility. The lucky draw gave everyone a chance to win exclusive branded gifts including in-game items, leaving attendees with even more to remember the event by.

Additionally, live performances by artists set a festive atmosphere, while interactive sessions with the Nigerian champions of 2024 PMCC and other renowned gaming personalities, provided fans with rare opportunities to learn and connect. To conclude, attendees had the opportunity to experience the latest Infinix devices at the phone experience booth, further demonstrating the powerful technology that is helping shape the future of esports.

From London to Nigeria

In an exclusive interview with the winner of the 2024 PMGC Finals’ Most Valuable Player (FMVP), Nolbu shared that winning the award, presented by Infinix, was a significant milestone in his career. “It was the first time I received such an honor in an international tournament, especially in a prestigious event like the PUBG MOBILE Global Championship,” he said.

Nolbu also took the opportunity to share an inspiring message for 2024 PMCC Nigerian winners: “We never knew we had fans and a community in Africa, especially in Nigeria. We’re incredibly grateful for their support, cheering on every player at 2024 PMGC. I truly hope that in the future, we’ll see a representative from Africa competing in the next PMGC.”

Social Responsibility and Commitment to inclusivity

The global esports market is projected to reach a value of $3 billion in 2025, growing at a compound annual growth rate (CAGR) of 18% from 2020 to 2025. This is fueled by increased investment, rising viewership, and growing interest from brands and sponsors across various regions, including Africa. However, despite the rapid expansion of esports, there remains a significant gap in access and opportunities for aspiring gamers in developing nations.Infinix has taken measures like sponsoring the finals of PUBG MOBILE, holding the ISANJA campus championships, renewing cooperation with the Alliance Française and PUBG MOBILE, and sponsoring Gamer X and the Versity League. Through these initiatives, it has improved the professional and campus e-sports architectures, promoted grassroots development and cross-border cooperation, helped e-sports talents in developing countries like Nigeria to stand out on the international stage, and injected strong impetus into the balanced development of the global e-sports ecosystem.

In the future, Infinix and PUBG MOBILE will continue to work hand in hand to bring more excitement and possibilities to the e-sports world, inspiring generations of young people to bravely pursue their e-sports dreams.Infinix and PUBG MOBILE will continue to intensify their efforts to support young e-sports players and offer them more opportunities to develop in the e-sports field. As the e-sports industry continues to thrive, Infinix has always adhered to its mission, which is to assist young people and help them build successful careers. By advocating inclusiveness, skill cultivation and teamwork, Infinix helps e-sports players and shapes the future of e-sports.

About Infinix

Founded in 2013, Infinix is a trendy tech brand crafted for young consumers. With a presence in over 70 countries and regions, Infinix delivers cutting-edge technology, stylish design, and outstanding performance. Our product lineup includes smartphones, TWS earbuds, smartwatches, laptops, and smart TVs. In 2023, Infinix was recognized in Kantar and Google’s top 50 Chinese Global Brand Builders Report and ranked sixth in Fast Company’s World’s Most Innovative Companies of 2024 in the Asia-Pacific sector. For more information, please visit: http://www.infinixmobility.com/.

About PUBG MOBILE:

PUBG MOBILE is based on PUBG: BATTLEGROUNDS, the phenomenon that took the world of interactive entertainment by storm in 2017. Up to 100 players parachute onto a remote island to battle in a winner-takes-all showdown, Players must locate and scavenge their own weapons, vehicles, and supplies, and defeat every player in a visually and tactically rich battleground that forces players into a shrinking play zone. PUBG MOBILE is co-developed by LIGHTSPEED STUDIOS of Tencent Games and KRAFTON Inc.

For more information, please visit the official PUBG MOBILE accounts on Facebook, Instagram, X, YouTube, and TikTok. KRAFTON Inc.

PUBG MOBILE is available to download for free on the  App Store and Google Play.

Video – https://www.youtube.com/watch?v=BMCEIEdYCp8
Photo – https://mma.prnewswire.com/media/2591136/Copy_of_2024_PMGC_KV.jpg
Photo – https://mma.prnewswire.com/media/2590974/2024_PMCC_Nigeria_Champion_Teams.jpg
Photo – https://mma.prnewswire.com/media/2590975/2024_Nigeria_Watch_Party_Night.jpg
Photo – https://mma.prnewswire.com/media/2590976/2024_PMGC_Champion_Team.jpg
Logo – https://mma.prnewswire.com/media/2316423/Infinix_Logo.jpg

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Newly Released EzPaycheck 2025 Payroll is Compliant and Economical In-House Software Choice

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Get the 2024-2025 year bundle for a limited time only at $199.00

REDMOND, Wash., Jan. 6, 2025 /PRNewswire/ — In-house, ezPaycheck payroll software from Halfpricesoft.com has been released for compliance, efficiency and cost effectiveness. The 2025 version has been released with the new year tax tables for $169.00 for a single installation. The latest 2024 and 2025 bundle version is also still available, but only for a limited time!  With the special bundle version, clients get the software for both years 2024 and 2025 for only $199.00. The application makes it simple to streamline year – end tax reporting and get ready for 2025 payroll.

When recently interviewed, Dr. Ge stated, “The payroll processing software, ezPaycheck 2025, has been revamped for compliance and efficiency.”

Potential clients are invited to download and test the application at  no cost or obligation for up to 30 days by visiting halfpricesoft.com

Unique features for ezPaycheck payroll software include, but are not limited to:

PDF feature available at no additional costSupports multiple differential – pay rates such as: hourly, salary, night shift, by piece, by load, or by mileage rates for employeesSupports multiple accounts at no additional chargeSupports network access for 2-10 users (additional cost)Supports daily, weekly, biweekly, semimonthly and monthly payroll periods. Features report functions, print functions, and pay stub functionsPrints miscellaneous checks as well as payroll calculation checksPrints payroll checks on blank computer checks or preprinted checksAutomatically calculates federal withholding tax, social security, Medicare tax and employer unemployment taxesIncludes built-in tax tables for all 50 states and the District of ColumbiaCreates and maintains payroll for multiple companies, and does it simultaneouslyPrints Tax Forms 940, 941, W2 and W3 (Copy A preprinted form required)NEW e941 Feature add on (additional cost.)

ezPaycheck payroll software is compatible with Windows 11, 10, 8, 7 and other Windows systems. We also sell a MAC version separately.

Priced at $169 .00 per calendar year for a single installation, (Bundle version for 2024-2025 available for a limited time at $199.00 for both years) ezPaycheck payroll software is affordable for any size business. To learn more about ezPaycheck, visit halfpricesoft.com to test for compatibility with no cost or obligation for up to 30 days.

Halfpricesoft.com is a leading provider of small to mid-size business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, Accounting software, 1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by customers for over 20 years and will help US business owners simplify payroll processing and streamline business management.

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