Taxes
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How do I get the shipping amount to calculate taxes shipping to CO? It looks like FR023000 tax jurisdiction is not set up for Colorado. Please advise.
I am just getting started with the Commerce app for Shopify. I have data pulled in, but my setup isn't right.The default sales tax in the setup didn't report any sales tax payables for the Texas State Comptroller.I have edited it but now I get the error when trying to approve a payout. Why is there no QB support on the weekends at all? We couldn't Add the transaction(s) due to "You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it.". Try again later.
How do I get the shipping amount to calculate taxes shipping to CO? It looks like FR023000 tax jurisdiction is not set up for Colorado.
I want to reduce the sales tax payable liability amount that is showing on my balance sheet
GIVES INTUIT PRODUCTS PURCHASED, ETC
The total reportable wages is not showing the correct amount on the state quarterly contribution form. I cannot override the amount either.
On a payroll update on 9/23/24 quickbooks suddenly stopped calculating unemployment insurance taxes on employees that had NOT reached the wage limit. I noticed this error when going to process my quarterly taxes and my total was not what it was supposed to be. Our state is getting ready to implement a paid family leave insurance in 2025 and the categories were created on this update. I don't know if this had something to do with it or not. Any thoughts?
I work for a non-profit in North Carolina and I am trying to figure out how to submit a form 990 to the IRS. I am new to all of this so any suggestions/help I can get would be appreciated. When I searched the IRS website and it listed Intuit as an approved e-file company to submit an 990 to them but I cannot figure out how to do so.
I am new to this company and new to QB. Before I started, we sold $45k to a customer but did not have them set up correctly in our system for sales tax, so sales tax was not charged or collected. The invoice was from August, so I cannot go in and modify the invoice now because the period is closed.How do I charge the customer the $2,531.28 they owe in tax? Can I create a new invoice for tax only to collect now in October?
For some reason everything categorized COGS is not showing up as tax deductible on the 2024 income tax tab. any idea why COGs wouldn’t show up as deductible? thanks!
When I do my 941 form, it says to leave the taxable medicare wages & tips with a value of zero blank. The number that is going into that space is correct. Why am I getting this error? Thanks
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How do I turn OFF Sales Tax Calculations?
Can someone please advise how to edit a posted Sales Tax Payment transaction?
I need it to calculate at 7.6250%
We are struggling to reconcile our Social Security and Medicare tax paid for 2023. We file form 941 quarterly. When we total Social Security tax paid for each quarter on Form 941 (Line 5a Column 2) we get a perfect match on Form W3 (Line 4). When attempting to do the same for Medicare tax paid including extra (lines 5c + 5d Column 2) we get a difference of $2,761 from Form W3 Line 5. Form W3 lines 1-5 match perfectly to Form 941. The only figure not matching is the Medicare tax paid. Form 941 shows $20,421. Form W3 has $23,182.07 We appreciate any ideas or insight on where this discrepancy might be coming from. Thank you in advance!
I usually have a small amount of ETT taxes in weekly payroll liabilities. At some point they stopped calculating in the payroll liabilities screen. But it was on the payroll summary. I was paying the tax despite what the liabilities were showing. But it made the discrepancy worse. So, I stopped paying that portion of the tax. I've looked at everything from the tutorials and other suggestions. I don't see an effective date anywhere. Thats the only thing I cannot verify. Many employees hit their limit on ETT, and it stops. New employees and seasonal employees still get the tax.
Hi, I need help on the following issues:1. Do I need to record/post any journal entry after e-filing of payroll tax through Quickbooks Online? If so, could you please help me on how to post this? 2. Quarter 2 tax couldn't be filed through online due to downgrading the QBO from advanced to basic. Now after upgrading the subscription, Qurter-3 is filed automatically, but, Quarter 2 is missing. This was paid manually to EDD. How can the quarter-2 payment be adjusted in QBO now? What journal entries are to be passed on? Kindly help me on the above issues. Thank youMarufa
We just received notice that QB is changing when payroll taxes are paid, when using automated payroll services. Instead of withdrawing amounts when payments are due, they will be, effective January 1, withdrawing payments when payroll is processed. In effect, QB will have the use of my money for the, usually, three days; the amount of time between payroll paid and taxes due.This will also be detrimental to my cash flow - for example, as a single employee Sub S corporation, I am able, at year end, to defer income to the following year. If I opt out of automated payroll taxes, I will be responsible to manually pay and file our taxes. As there are no good alternatives, it appears, to me, to be an attempt at extortion.
I am trying to figure out how to clear a tax rounding issue, but since the issue isn't in the invoicing stage, I don't know the best way to correct this. (ie- I don't think a JE will help here) A sales order is created, which was then separated out into 3 purchase orders since items were drop shipped from 3 separate vendors. Once items are shipped, it triggers us to invoice each portion- so one sales order could end up with multiple invoices. The issue is that the combined taxes on the invoices isn't matching the tax on the sales order. Now when we pull a report for open sales orders that are connected to purchase orders, we have penny discrepancies that are keeping the sales orders open even after they are fully invoiced. We are in CO, so we use a combined sales tax group. This is only affecting one portion of the combined sales tax (I have attached a photo of the report). We want to be able to close out all of the sales orders, but even though the SOs themselves are s
Does anyone know of a way around the wage bracket method in QB desktop? I just realized the QB desktop does not deduct federal income based on gross wages but on the weekly, our employees are paid weekly, paid amount. Example: I have an employee how makes $1,240 weekly, withholding is only $124 weekly, but the yearend amount will be $64,480, which will be in a higher tax bracket at yearend. QB only had 10% withheld all year but in September the gross wages are $49,831 so they should be in another tax bracket. Hope this makes sense, basically QB desktop does not look at the year to date but each paycheck. I am hoping there is a way around this. I did read that QB online does calculate using the percentage, annualized method. Not sure why QB desktop doesn't do the same. This could really affect some employees. Thank you for any guidance in advance.
I just stopped using Avatax for sales tax calculation. I now need to map products to sales tax categories in QB. Some Avatax codes have no direct mapping in QB. e.g. "Cocktail Mixes-NoAl <=24% Juice" or "Drug Testing Kit". Or even "Extended Warranty" which could be for a hardware product, not software. How do I map these? (I have a list of 100 Avatax codes with no clear QB equivalent).
Abigail's said: "While QuickBooks does not have a direct master command or command line system accessible to users, there are alternative methods that can be explored to address this issue. " I cannot, for the life of me, Abigail, imagine why, after a number of your coworkers directly lied to me that tools to repair the damage, that Intuit did to my company file, did not exist, why you would admit they do exist but refuse to make them available. Clearly Abigail, you're winning. I'm a special needs Dad with a tiny, part time business, mainly for sanity, and you are directly, and maliciously harming me. I'm curious though, what are you winning? Is it a power trip? Do you feel happy in some way harming me? Not only do you refuse me access to the tools to fix my account, you go on to say there are other approaches, but you refuse to tell me what they are! Why the dysfunctional teasing? Again, your behavior towards a customer is comp
