Taxes
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The account QBO created doesn't fit my account structure or else I would simply divert all entries to that account.
Hello - I'm getting ready to pay my quarterly sales taxes. When I proceed to review the sales tax, up at the top right of the report, I see Payment details. Number of Payments is equal to 0, yet under "Other" it shows an amount paid of 335.32. Yet this is a quarter to which I've not made any payments. So I'm confused and don't know where I can find this transaction. I've looked at my bank register and there's no transaction for that amount. How can I find where this is coming from? When I drill to the detail on the liability report, it seems correct. Its this random "payment" it says I made that concerns me. Any help would be appreciated. Thank you.Amy
I want to get rid of the pink dot next to the word Taxes on the menu bar
Good morning, QBO handles my taxes and in January the Maine FMLA will come into play. Base on our employee count we are a small company so the total payout for the employee is half of 1% of wages. We have one employee who works in Florida and one in Alabama and we pay state taxes (where applicable) in those states for both employees. 1. Does this mean that only employees who we pay state taxes for in Maine will be included in this deduction?2. You handle our payroll taxes. Is there anything I will need to do prior to January 1st so we will be ready for this deduction? Thank you
Our payroll account is no longer active. However, the 'automated taxes and forms' is ON. I tried to change the setting in the 'taxes and forms' under payroll settings, but I keep getting the attached message. We have already paid & are still currently paying these manually ourselves. We do not want to be charged by Quickbooks to do so as well. As of right now, it is saying that 'Quickbooks will pay & file our taxes when they are due'. How can we get this corrected?
I moved from CA to NY. I closed down the CA sellers permit and made that tax State inactive in the Sales tax center. But if you run a tax liability report, it shows tax for every single sale, even if there was no tax collected on the invoice and puts it under California state
Quickbooks has automatically given me several department of revenue payable accounts to track taxes. I don't want all of the states showing up on a balance sheet - I just want one tax balance to show up. Is there a way to create a report that summarizes the tax accounts so you only have one that shows up on your balance sheet? Thanks!
Just trying to access w2 forms
I have a single owner S-Corp that this year has an operating income of $45,000. However, there was also a shareholder distribution of $75,000. My basis starting basis already is 0, so my understanding is that the first $45,000 of the distribution is taken normally, but the remaining $30,000 is in excess of basis and has to be treated as a long-term capital gain. I know that this situation is usually something that people try very hard to avoid and the discussion often more or less ends there. OR, I see discussions of doing things like trying to record it as a loan to the shareholder and other things that to me look like shenanigans. Importantly, when I look at the tax consequences of taking the excess distribution as a long term capital gain, it really is not a significant problem. So, instead of doing something stupid like trying to call this a loan, I’d like to know how to correctly record the distribution in quickbooks and report the gain in
I am not abe to generate 1099 for my contractors-"No reportable accounts" is the error I am getting.
Fixing my tax info summary
Can I manage two gigs in one QB account? I'm a 1099 employee, but I'm considering supplementing that income w/ delivery work (also 1099) - can I attach both to one email?
My LLC sold improved real estate (land and improvement). The property was acquired through a taxlien sale. TurboTax has asked for the date of purchase, purchase price, and the value of land included in the total cost. The value of the land and improvement are each more than the purchase price. When the value of land is entered in TurboTax, “Oops! The value of land cannot exceed thetotal amount you paid.” How do I handle this?
Our bookkeeper, with remote access, notified me recently that a payment was made to EDD from our account last summer. The payment was not for our company, but for another company that she works for remotely. Total payment is >$6k. She claims that she thought she was logged out of the "payment portal" for our account and was logged in to the other company account when she made the payment. I'm not sure I can believe that - I've heard that the details about the account name is on the screen when making payments, but as I do not access that account myself, I can't be sure.It is now two months since I was notified, but we still don't have the refund yet. I have asked her to deal with EDD on the issue since she has all the details, and she told me that a refund check was generated 12/26/24, and we should receive it by end of February, but we have not. My question is: what are my options to recover the money? Since bookkeepers are
We had two contractors move after the first of the year. They were never paid while they lived in the state they currently now live. Their 1099 NEC now shows the payer state for the new state instead of the one we are in that they were actually paid from. How can I get this corrected?
