Does Quickbooks Automatically Take Taxes Out Of A Paycheck That Make?
A Reader Asks…
Does Quickbooks automatically take out the State ,federal , and social security taxes out of a check that you make for your employees? If so, is that it? You dont have to worry about taxes until the end of the year and send out a W-2?
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August 22nd, 2009 at 3:50 pm
Quickbooks does not do anything outmatically.
If you sign up for Quickbooks payroll service, you have to set up the employees and the deductions and Quickbooks does the work because it has the tax tables (which is why you pay for the service)
You have to pay (and worry) the taxes that are witheld from the employee’s check and match the employer portion of the social security . You must do this a minimum of monthly usually. You do the proper tax forms and either pay online or send in a check.