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thf_14
Level 1

Can i run payroll without payroll taxes?

i am exempt from payroll taxes.
2 Comments 2
jamespaul
Moderator

Can i run payroll without payroll taxes?

Hello, thf_14.

 

Yes, you can. I take it that you've already added yourself as an employee in the Employees List in QuickBooks. I'm more than happy to help you guide you on how to mark yourself as exempt from payroll taxes. 

 

We can edit your profile and set your tax settings to exempt yourself from accruing payroll taxes. Here's how: 

 

  1. Go to Payroll, then click on the Employees tab. 
  2. Find and open the employee profile. 
  3. Under Tax withholding, click Edit.
  4. Select Exempt under Filing status (Step 1c)
  5. Scroll down and open the Tax exemptions section. 
  6. Check the related taxes you are exempt from.
  7. Once done, click Save

 

exempt1.PNG

exempt2.PNG

 

Since this topic involves taxes, I would also recommend consulting with a tax advisor to help you manage your tax exemptions. 

 

We can find out more about tax exemptions from this article: Exempt your employee from Federal or State Withholding.

 

Need to check on your current payroll data? We can run payroll reports to see the numbers. Check out this article if you need a guide: Run payroll reports.

 

You're more than welcome to ask me any questions about payroll. If you need to record your sales or expenses, let me know and I'll guide you on how to do it. I'll see you again soon. 

BartMitchell
Level 1

Can i run payroll without payroll taxes?

I would be very careful before going down this path.

We had an employee who claimed he was exempt. The fallout from that took a couple years to figure out. If the individual you're paying claims they are exempt, you had better make 100% sure before checking those boxes. It was an absolute nightmare for us.

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