Guide to Setup Payroll for the First time

1. Guide to Setup QuickBooks Payroll Payroll is a very hectic task and it is very difficult to handle for new business owner. But payroll software makes it very easy and QuickBooks is the one of the best option for it. In this article we will discuss about QuickBooks Payroll software and how to setup it QuickBooks Payroll software QuickBooks Payroll Software is developed by intuit which can manage the entire listed payroll task. Now Direct Deposit for easy payment Time Tracking Auto Payroll Protection from Tax penalty Expert review for any payroll related query or issues HR support Health benefits such medical and dental and vision insurance Worker’s camp (automatically payment for workers’ comp) Note: Now Payroll for QuickBooks Mac 2020 is also available. Setup of QuickBooks payroll Requirement for the setup Company Information For the setup of QuickBooks you need company information such as Employer Bank Account for direct deposits and electronic tax payments. Company tax information Before the setup of QuickBooks Payroll makes sure you have entire company tax information. If you have not then you will get it from RS and your state local agency. Federal Employer Identification Number (FEIN) and State Agency ID numbers: It is a unique ID numbers provided from IRS and state agencies for tax filing process. If you have not, then contact IRS and your state agency to apply. Filing requirement and deposit schedule for payroll taxes: Requirements and dates to file and deposit payroll taxes vary. Generally Companies that owe more payroll tax pay and file more frequently. So make sure you have the appropriate requirements and schedule for your company. Other tax information: It includes assessment, surcharge, administrative or training tax, and local or other taxes, if required.

2. Employee Information Complete W4 Form for each employee Set Pay rate such as Hourly, Salary, commissions, etc Enter Paycheck Deductions for Employee contributions to health insurance, retirement plans, or garnishments such as child or spousal support Sick or Vacation hours balance Date of hiring and termination. Payroll History Payroll History If you already paid your employees this calendar year, we need to know the amounts in order to accurately calculate your new paychecks and complete your tax forms. You can find this information on your employee pay stub or payroll reports. Connect Customer Support Do you have any query or need help for the setup of payroll. Dial the toll free number 1844-827-3817 of QuickBooks Payroll and get help from the expert.