QuickBooks Payroll Changes in 2013
If you process payroll in QuickBooks, it is important that you know how to activate a specific payroll item to calculate the new Additinal 0.9% Payroll Tax on all amounts paid to an employee that makes over $200,000.00. This tax will start deducting when they exceed that amount in a calendar year.
- Switch the company file to Single User and log in as the Admin or someong with Payroll Setup Permissions.
- Click on Employees, then Payroll Setup.
- Once Payroll Setup loads, click on Data Review.
- Next, click on Continue on the bottom right part of the window and let the window process the request.
Then click on Finish on the bottom right.
- Now you will have an additional payroll item that will allow the system to automatically create taxaes payable on any wages over $200,000.00.
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