Intuit QuickBooks Payroll



Payroll Update: Revised Tax Tables
Intuit has released Payroll Update 21202, which includes revised tax tables and forms updates and reflects the Temporary Payroll Tax Cut Continuation Act of 2011 signed by President Obama on December 23, 2011. To see the complete contents of this update, click here.
How do I get the Payroll Update?It's important that you receive everything in the Payroll Update to make sure that you are in compliance with legislation that affects your payroll. Just follow these three simple steps:
  1. Check to see if you have Automatic Updates turned on.
    --     Choose Help > Update QuickBooks.-- On the Options tab, you will see either Yes or No selected for Automatic Update.

  2. If Yes is selected, you should receive all Payroll Updates automatically when they are released the next time you are connected to the internet.

    You can verify that you received Payroll Update 21202 from within QuickBooks. Go to Employees > Get Payroll Updates. You should see a message that says,"You are using tax table version 21202."

  3. If No is selected for Automatic Update, you need to download the update manually. Click here for instructions.
Disk delivery customers: The next disk delivery is scheduled for late January 2012 and will include these updates. If you have an internet connection and would like to download the update now, simply follow these instructions.
Social Security Tax Rate Extension for Employees
On December 23, 2011, President Obama signed into law the Temporary Payroll Tax Cut Continuation Act of 2011 (H.R. 3765). The Act includes a two-month extension of the reduced employee Social Security tax rate, maintaining the employee rate at 4.2% through February 29, 2012.
Intuit QuickBooks Payroll is supporting this change in Payroll Update 21202. For more information, click here.
Important E-File Scheduling Information
E-filing through QuickBooks for Forms 940, 941, and 944 will be available beginning on January 4, 2012. The Social Security Administration is now accepting 2011 W-2s. However, due to high seasonal volume, the SSA may take 6 weeks or more to process your submission and provide updated status information. Do not resend your forms unless the SSA asks you to do so.

Thanks Everyone for Being so Good about your taxes! It's almost time!


Comments

Post a Comment

Popular posts from this blog

How to "Un" Apply Credits In QuickBooks

Image
Got a QuickBooks Mess? Call The QuickBooks Gal! Welcome to the QuickBooks Minute. I’m Jayne Miller, the QuickBooks Gal Recently, one of our Reno QuickBooks customers asked about "unapplying" credits in QuickBooks. While there are nicely labeled apply credits buttons, there are none marked unapply. This is the case for both customers (invoicing) and vendors (paying bills). So here is how it is done: For customers, it is a fairly easy process. Go to the invoice to which the credit was applied. Then click on the "Apply Credits" button. In the lower half of the new window that pops up is a list of Previously Applied Credits. Simply find the one, or ones you wish to unapply and click on the check mark next to it to make the check mark disappear. The credit will no longer be applied or tied to that invoice. For Vendors, i.e. bill payments, it is not as clean and simple. The only way to unapply a credit in such a case is to Delete the credit. You can then
Read more

QuickBooks Password Protection

QuickBooks now requires your employees to enter a password to view their pay stubs when you e-mail them. QuickBooks generates the passwords automatically; each password consists of the first four letters of the employee's last name followed by the last four digits of their Social Security number. Examples Name:                            SSN:                         Pay Stub Password: Ben Narramore              855-56-4545             narr4545 Deb D'Spain                  782-34-3419             dspa3419 Jimmy Wu                     903-88-7465             wu7465 Note that all characters must be entered in lowercase and punctuation characters are not included in the password. When a last name has fewer than four characters, the whole last name is used (like in wu above) but no additional characters are added. You will need to inform each employee of this new password requirement
Read more

Employee Salary/Wage Rate Report

Image
Welcome to another QuickBooks Gal Minute. I'm Jayne Miller, The QuickBooks Gal. Do you need to produce a report by Employee that lists only Employee Name and Wage Rate? In QuickBooks that's easy! Here's how to modify a standard report to include the data you want to report. In the top tool bar, select Reports Select Employees & Payroll Select Employee Contact List from the drop-down list Once inside the report, select Modify Report in the report tool bar In the "column" section, remove the check marks from the information choices you don't need. In the "column" section, place a check mark next to "Employee" In the "column" section, place a check mark next to "Earnings/1 Rate" This will customize the report to include only employee names & salary/wage amounts. As you explore the Modify window, you will find that there are many useful information options you can use to create really great custom reports...by the
Read more