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I have my quarterly reports sent automatically. However 2nd and 3rd quarter was not sent and now I have a letter from the EDD. I do I resend these reports?
Hi, I want to confirm that by canceling my QuickBooks online that my contractor's 1099s will NOT be filed by QuickBooks. I switched to a different payroll system that will automatically file and send out 1099s for my contractors and I do not want a second inaccurate 1099 to be filed accidentally by QuickBooks. Please confirmthanks!
I am looking to print the 941 form for an audit. It looks like all of the previous help on this topic was for a prior QBO version. How do you print the quarterly 941 form in the latest version?
I have a small tax error I can't seem to figure out. I created an invoice for $8,410.98 + $883.15 (10.5%) sales tax for a total of $9,294.13. In this invoice there is a line item credit of $126.36 for a non-inventory part (income account) that was returned. Our books are cash basis What confuses me is when I pull a Sales Tax Liability report that includes the date of this invoice, this invoice is increasing the the tax collected by a weird amount ($11.85). This is weird amount because 10.5% of $126.36 should be $13.27. 1.Why is this increasing the tax liability on the creation date rather than the payment date (Cash Basis remember)2. Why is it a weird amount? What am I missing?
On November 14th two payroll checks processed for two employees, one having a check number and the second one with no check number. The wages and taxes were doubled. How can I reverse the one with no number so W-2s will be right?
QB Desktop not calculating FUTA correct for corporate officer exempt for SUI
Our non-profit runs a food bank and 2 thrift stores - all in one company file. We are struggling with separating taxes, since the 2 stores are different zip codes and rates. Can Location tracking be useful here? What we see now is the way to set sales tax using our Business Address - but that seems improper. Our business address doesn't sell anything - it is the non-profit office address. The sales tax is collected at 2 different locations with their own tax code. Please, help. I can't believe this would be something new to solve.
I tried to enter payroll tax rates for 2025 and I am not seeing the option or correct year for the drop down menu. I have tried twice to have support call be back and still have not received a call back. Any other WA state businesses having this issue?
Afternoon folks,Wondering if this is a bug or what. The 'Sales Tax' section of Product/Service item creation or editing has suddenly disappeared for me. Creating a new item or editing an existing one, the space for the section still exists but there is no interaction possible. I've tried browsers (Chrome, Edge, Firefox, Safari), computers both Mac and Windows, and even downloaded the desktop app and tried that on both computers. I am completely unable to edit sales tax, and a majority of our products are non-taxable. If I create a new one, it automatically makes it taxable. Anyone have ideas for a fix? Much appreciated,
Hello, I received an email that indicates I need to accept new terms and conditions for my payroll deductions and remits to the government to continue. However, I see blog posts in the community saying that I don't need to do anything for the taxes to continue. Which is it? Thank you.PJL P.S. I don't click links on emails even if I think that they might be okay. If I need to update something in the website, I need to know ASAP so that my taxes will continue to be remitted. P.P.S. Next time, please include instructions in the email as to where users should go within the application in order to update any necessary information. Don't include links that could lead your users to think that a fraudulent email is actually safe in the future. The emails should always state for users to log in to the applications in order to complete any actions. Might I say that this is fairly common knowledge, and it is disappointing the QuickBooks would potentially expose the
We are a cash basis on our accounting. So a customers first payment bounced $14,797.41, and they reissued a second payment in the same amount that went through successfully. Now when it comes to doing my Sales Tax I noticed that on the Gross Total Column it reflects the total of both payments made is this correct? I would think since once deposit bounced that in the Gross Total column it would only reflect one deposit. Sales Tax Report / Cash Basis / Gross Total / Dallas City - $29,594.82 (14,797.41 x 2)
Here's the story.Small consulting LLC receives an SBA Covid-19 EIDL for $113700. Entire amount is received into Biz account and $80K is moved into dedicated bank account and remainder is left in Biz account. During Covid-19 slowdowns 2020 to 2024 EIDL money used to pay LLC expenses. How should loan have been received into business QB? Long Term Liability or What?OK, out of the $80K that was deposited into the dedicated EIDL funds account the LLC took draws equal to the amount the business received as monthly revenue from client being serviced before Covid-19 shut down and the remaining $33,700.00 was used during the intervening years for other periods of Covid-19 related stoppage of business. Now I have a problem as the loan supported the business for a 7 month period so that the available money exceeded the revenue the business received and it is now showing as a "Loan to Member" as a mechanism to balance the books and the LLC may be forced to close it's doors and close due
if my employee lives in virginia but works out of north carolina where our business is located, do i need to file virginia taxes?
Is there anyway to deduct the estimated value of the time you dedicated to writing, copyrighting and publishing a book for sale and to generate revenue for an LLC?Talking about a BOOK here, not a work of fiction but a work that entailed hours and hours of research and work to produce and for which the profits/sale proceeds went directly to an LLC with an EIN.Any thoughts, help, guidance would be appreciated. Thanks.Deadeye
Hi,Spent a lot of time this year (and proceeding years) writing a book that is published and being marketed on Amazon. I know that I can deduct the physical expenses (computer, paper, pens) as well as office space and travel related items, but what else?I invested a lot of time in this project and published the finished copyrighted work which could have possibly been devoted to working and earning money doing other tasks or revenue/income generating items. Can't say the book venture resulted in a profitable and rewarding experience, I don't have the promotional opportunity that FOX news celebs have available, but I did my best with networking and requesting reviews. The main expenditure I had for this endeavor was time for research and writing. It is not a work of fiction but of facts, scientific views and explanations of physical, economic and technological issues.Unlike a lot of fast-food hamburgers it has a lot of meat compared to the bread...probably why it did not sell better. LOL
Greetings. Every time I file sales taxes, the Sales Tax Liability Report in QBO shows the same illogical breakdown: Taxable Sales = Gross Sales + Nontaxable Sales. Here are the numbers from the current report:Gross Total: $129,170.47Nontaxable: $-2,722.70Taxable Amount: $131,893.17The Taxable Amount seems correct (based on my other records), so apparently the Gross Total is faulty. What could be causing the problem? This is for a brick-and-mortar store using cash basis. All sales are in one location.
I e-file through QBS my quarterly and annual payroll reports but I need to file "Final" reports, as our business is closed and no longer doing business. In particular, on the FUTA (940) annual return I need the 'Type of Return' box d check marked (d. Final: Business closed or stopped paying wages). Is there a way to mark the box before e-filing or do I need to manually submit to IRS?
How to publish withholding tax in supplier invoice
Last week, we were able to click "Edit" on items in the Products & Services list and select whether they were taxable/untaxable, as well as their category (For example, SAAS). Here is a screenshot, the empty space used to contain a "Sales Tax" box. Below it, is a screenshot of that box that I took last week. How can we set the sales tax for products and services?
What is IRS free file?
