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December 31, 2024
Question

2025 ROTH SIMPLE IRA

  • December 31, 2024
  • 1 reply
  • 0 views

I need assistance in setting up a Roth Simple IRA and the company contribution for it.

There is not an option for this on the payroll item setup.

I need this handled as soon as possible to run the first payroll of the 2025 year this week.
Please help! 

1 reply

December 31, 2024

Setting up a Roth Simple IRA is essential to ensure accurate payroll processing from the start of the 2025 fiscal year. Rest assured, I'm here to share some valuable information about this.

 

To begin with, please know that Roth Simple IRA is currently unavailable in QuickBooks Desktop; however, we have SIMPLE IRA Company Match.

 

Since you want to include the Roth Simple IRA tax tracking type, I recommend submitting direct feedback to our Product Development Team.

 

Here's how:

 

  1. Go to the Help menu.
  2. Choose Send Feedback Online.
  3. Select the Product Suggestion option and enter your suggestion.
  4. Click the Send Feedback button.

 

Know that your feedback will be highly appreciated, as it can help us improve our products and services to make your experience with us even better.

 

In the meantime, you might want to consider reaching out to your accountant, as they can help you determine which specific tax tracking type you can use.

 

Additionally, you can check out these articles to learn how to submit your taxes electronically and close your books at the end of every fiscal year:

 

If challenges persist or you have additional questions, please don't hesitate to contact us again for further assistance. We're here to ensure you can manage your finances in a smooth and timely manner, Krissy.