Employees and payroll
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Hi, I have an employee we are paying out common stock as part of a separation agreement. I need to withhold taxes on the FMV of the stock. Any resources or articles on how to correctly calculate the amount of tax to withhold and how to then withhold the amount of remaining paychecks? Thanks!
i don't want to include employer taxes on net pay when creating a paycheck
This means you cant do a flat amount per paycheck because there would be an overpayment for the employee and employer.
I'm helping someone who uses QBO Payroll. Their servers take their credit card tips out each night in cash. They have been paid for their hours but no transactions for their tips. There are records of them on the daily sales sheets they fill out. Were never added in with employees wages,, and taxes were never paid. They paid sales tax on total credit card charges. How do I handle this? This is for 1 1/2 years. Thanks for any help you can give.
I ran my first payroll today and the L&I tax was calculated based on all hours. We had employees with sick, vacation and holiday pay (yes our holiday pay is it's own code). I need to know how to get this tax to only calculate on hours worked please.
Has anyone had to deal with third party sick pay in QB Enterprise or anywhere else for that matter? One of my employees received pay from his short-term disability ins. in Dec 2021. The ins. co. paid the employee's part of FICA and now I have to pay the employer portion. QB won't allow me to pay only one side of SS & Medicare. I can manually override the 941 Q report but I'm not sure if that is the best solution. Plus, it doesn't add his pay into my other reports. And since I didn't actually pay him, I don't want what I do to affect my bank account. So I can't write a "fake check" as one of QB reps suggested. QB info also suggested that I do an employee advance since this has crossed over into 2022. But it seems like that would look as if I paid the money as well. Any help/advise would be greatly appreciated. DR
When you uncheck the subject to FUTA box in employee record, QuickBooks does not calculate FUTA, but if you then run payroll checkup you are UNABLE to continue because a red X shows next to the employee. Quickbooks wants the box checked. Is this
I would like to completely remove sick and vacation time accrued. We run our own vacation and sick time records. How do I remove it so that accrued vacation/sick time does not show up as a negative when employees receive their paychecks
Does anybody ever have an issue where some payroll items that are supposed to appear in each scheduled paycheck are missing from some but not all paychecks when the scheduled payroll is run? For example, some of our employees get a stipend in each paycheck that normally populates in each scheduled payroll. But from time to time, QuickBooks will populate $0 for that payroll item in the paycheck for a few employees while populating it correctly for all other employees. It always seems random to me which employees and which payroll items show as $0, I can't figure out what might be causing it.
I have a client who is going to begin paying PTO. It will start accruing on 10-1-20 for all employees, based on the number of hours worked. Where do I go to set up the rate at which it accrues? I set up a paid time off vacation category in Payroll Item Lists. Do I set up the accrual rate somewhere in employee setup?
I found my total year-end 401K employee salary deduction went above the annual limit, and need to move $300 to employer contribution. If I void that paycheck, how to create a new one with adjustment only on the employee / employer contribution of 401K and keep everything else the same? I used automatic tax payment and Direct Deposit.
I tried to email 1099s to my contractors but couldn't get the 1096 form to line up so I used Word to print the information onto both the 1099 and 1096 forms (the 1096 requires copies of the 1099s). Of my three contractors, one said she got her 1099, one said she didn't get it, and the third said the link expired. Then I got an email saying the IRS has accepted one (or more) of my contractor's 1099s. Does this mean that I shouldn't send in the 1096? I didn't double-check anything resembling the 1096 or did that happen when I approved the 1099s? I have the forms printed and ready to mail but don't want to double-submit if it's already been submitted. Also, are my contractors going to get the 1099 emailed (or emailed again since it's been accepted)? (At this point, I don't care because now I have the forms printed and ready to mail so I'm just wanting to advise them if it will be.) As a small business owner, this is much more complicated than it needs to be.
I have called and chatted with QB so many times- for countless hours. I keep getting run around and told a supervisor will contact me- it doesn't happen.
Why hasn't the new income tax rate of 3.15% been implemented in the 2023 payroll updates?
this is very confusing for all users of intuit. every quarter i sit down and am confused: is it indeed going to be paid or do i need to pay it manually. then i call intuit and they say on the phone: we are testing a bet version of those automatic payments so maybe it is paid maybe it is not, maybe we will start paying it in the future... Intuit, do you realize that you are putting a lot of people in danger of either missing a payment or being double charged??? make your system clear so it reflect you don't pay it. And if you do roll out automatic payments for workers compansation in the future each user should be able to opt in for them if they choose. Don't just send me an email "hey we are gonna start automatically paying them for you" because the odds are i will miss that email and will be double charged. It has to be my choice! and stop lying on your payment page!
Is Oregon Family Leave deduction still broken? Also, received notice from OR that UI tax rate for me is now 0.7% and QB will not allow below 0.9%. Anyone know anythign about these? Thanks. Henkaz
The paystub is showing the old company address. I have changed the address in several areas, but I can't seem to find where to update it.
