Employees and payroll
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Has anyone set-up Payroll with 401K ROTH w/employer matching. I was told to pick a Traditional 401K but I'm concerned that the taxes will not be done correctly.
Upon my initial attempt at e-filing of the 941 report through QuickBooks Desktop, I received an email from QB Payroll Service confirming successful processing by the IRS agency. However, it lacked the customary acknowledgment number typically provided by the IRS for W-2 e-filings via QuickBooks. Additionally, unlike my experience with W-2 filings, where the QuickBooks audit trail promptly reflects an "Agency accepted" status post-filing, the audit trail for the 941 form continues to display a "Submitted to Intuit" status even after one week, despite the reception of the acceptance email from QB. What is the way to know for sure whether my form 941 has indeed been successfully e-filed and processed by the IRS?
I have QBO payroll that we enter the 401k employee contributions and the employer contributions in to. My payment comes from my checking through bill pay for a lump sum. What is the proper method and acct type to record this properly? Currently, it is all listed under Payroll liability/401k, but shouldn't this be just the employee contribution? I believe there should be a split transaction where I have a payroll expense for the employer contribution and liability for the employer contribution. Please advise what the best method is for completing these weekly transactions. Additionally, I have one employee who took out a loan against their 401k. Do I need to record their principal and interest payments against their 401k loan and separate them from everyone else?
It's that time! Get ready for 2023 W-2s.We're queuing up your W-2s and getting them ready for 2023 year-end filing. Check back here no later than Jan 31, 2024 to catch a preview. Above is the message on my Payroll Filings screen for one of my companies. When I click on the W-2s they are marked as draft copies. Why is this? What is taking so long and when will they be ready?? I'm happy to go through the process manually to prepare the W-2s. but that doesn't seem to be an option.
My payment amount is wrong.
it has been a week since i efiled both 940 abd 941 via QB Desktop (enhanced payroll) and the status still says processing. it usually is faster. i dont want to be in trouble with the enept IRS. what do i do about it not processing
Hi, I just started using QBO payroll taxes for our first employee. The employee is resides in Philadelphia, PA but works in NJ and elects for NJ-165. So we withhold federal, PA state, NJ unemployment/UI/FL/etc., and Philadelphia city wage tax. QBO is able to automate all of those except Philadelphia. QBO constantly reminds me that I need to pay Philly taxes myself, which is fine, but I just checked with the city who states we just need to remit quarterly. But in QBO it shows amount due per paycheck individually. I have two questions:1. Is there any way to automate Philadelphia city wage tax filing?2. If not, is there a way to configure QBO to lump Philadelphia city wages due quarterly instead of per paycheck? (like QBO does for state sales tax). Thanks
So I just setup ADP 401k Simple Retirement plans for my 2 employees. I've setup the deductions on their paychecks already and their 1st paycheck had the deductions and company contributions come out just fine. I go to look on the Profit&Loss and the company contributions show up under for payroll expenses as "Company Contributions Retirement" I go to the Balance Sheet and both the contributions and deductions are there under Payroll Liabilities. I just made a payment to ADP to pay those contributions and deductions and it shows up in my checking account so I assigned those 2 payments of $100 to "Expenses" for Payroll and it again shows up in the P&L. Should I move those 2 ADP payments over to Payroll Liabilities or do they stay right there in Expenses on the P&L? Here are pictures for references:1st pic is the Profit&Loss showing the company contributions as well as those 2 ADP payments of $1002nd pic is the Balance Sheet sho
I run a Bi-weekly payroll for our company with 35 employees that work at two different restaurant locations. I want to keep P/R expenses for each restaurant separate by class without having to run two payrolls and cannot for the life of me figure out how to do this.
I have someone who has been an independent contractor for me during 2024. She is now becoming an employee for one service but still remaining a contractor for another specific service she offers me that I don't provide. I just marked her "inactive" as a contractor to set her up as an employee... but technically, she is both. Also, since she's now marked "inactive" as a contractor, she is not listed for me to set up 1099 filings for last year. How can she be marked as both?
In my first quarter of doing payroll in Quickbooks, I've learned that my WA State Paid Family Medical Leave "Other Tax" payroll item is not set at the correct rate. I know how to go in and update and adjust previous paychecks/liabilities. My question is how do I update the rate of the current Payroll Item? I can't find anywhere to do that! Do I have to create new payroll item and start fresh this quarter?
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Hi all, Long-time lurker, first-time poster. I recently got hired with an accounting firm that is utilizing Quickbooks Desktop a little differently than probably most companies (certainly a lot different than my previous employer). Sidenote: while I'm generally proficient with QB, I'm far from an expert. The firm does not utilize the payroll function of QB whatsoever. We use it to write checks, record bank deposits, and record journal entries for payroll and other miscellaneous transactions. There is an employee who has been receiving payroll advances for several months now. An "other current asset" sub-account was created and, twice per month, a check has been written to the employee, with the sub-account I mentioned being used as an offset. Now it's time for the employee to repay the advances, and I'm not sure how to process the transactions. The repayments are being withheld from the employee's checks (the firm utilizes a third-party
I have QB desktop, wanted to file and pay Wisconsin UI so I printed a Payroll Item Detail as usual, there are no wages under UI. Why would that happen? (we have one employee)
My S Corp pays my healthcare premiums. My CPA says this amount needs to be included in Box 1 of my W2. I don't receive a paycheck every month. Just 3-4 times a year. At the end of the year, is there any way my premium total for the year can be added to Box 1 of the W2? The help articles don't seem to help, and I can't understand the customer service rep on the phone. The chat help insists it goes in Box 14. My CPA doesn't agree. HELP! How do I simply correct my W2 at the end of the year? Box 1 only! Thanks in advance!
Hi- How do you replace a stale payroll check from a prior year in quickbooks desktop?
I overpaid a 1099 contractor, they paid me back and I put it towards their account. However, when filing a W9 it only shows the actual amount I paid and does not take into account they paid me back. I know that I entered the whole transaction wrong but have no clue how to go back and fix it correctly and have the W9 show the lesser amount.
I am using qb desktop and have e filed federal payroll forms 941 for the 4th quarter 2023 and 2023 form 940 a few days ago. in quickbooks e file window it still indicates status "submitted to intuit". When can I expect the processing to be completed ?
Why are payroll taxes showing as "Accruing"?I ran payroll for 12/1/2024 to 12/31/2024 last month (December 2024).QB Online instead reflects payroll for 1/1/2024 to 1/31/2025 and the payroll taxes are showing as "Accruing" and due on 2/15/2025.Even the year end reports do not reflect the payroll for December 2024.Did not have this issue before.I'm on Cash basis. Thanks for your help.
I don't understand why I was able to manually adjust the Box 1 and Box 16 amounts to add the S-Corp health insurance in the Desktop version of QuickBooks for the 20+ years that I used it. Now that I gave in and switched over to QuickBooks Online, it's not an option. Why not?
This is not an easy one! I was wondering if anyone out there has paid for your Medicare/supplemental insurance for your Corporate offficers, and able to put it on their W 2 forms. They both are Medicare recipients. Is it legitimate write off?
I can create and have different names for many unpaid time off policies. But the names of the unpaid time off policies are not a choice on the T sheet app. I want the employee to be able to request time off by the name of the unique unpaid off time policy that I created,. but it seems the only choice the employee can sees is the generic unpaid time off, and not any of the unique unpaid policies that I created. I want the employee to be able to request unpaid timeoff by the name of the unpaid off time policy.Thank you,LDO
Anyone have a quick fix from keeping employees SSN from showing through the return address window? I am using the preprinted forms with envelopes ordered from intuit. SSN box is at the top of the form and shows through the return address window. I tried raising it to tape/staple it in place - but there is so much extra white space at the top of the form each one will have to be trimmed. I also tried putting a post a note over the SSN - but it was still visible, at least through the standard yellow post-it.
