I need to know how to add a new tax liability in quickbooks so that it automatically deducts it during payroll processing.
Hi There! Thanks for the help!
So in the state of WA they passed a new law requiring deducting a percentage off of employees gross wages every pay period and then paid out to the state quarterly. Im unsure how to set this up in the online version.
Allow me to add some more details about payroll tax updates in QuickBooks Online (QBO).
Payroll tax rates for state and federal taxes automatically updates when there are changes coming from your tax agencies. However, State Unemployment Insurance (SUI) and State Disability Insurance (SDI) rate needs to be manually entered through the Payroll Settings.
Go to Taxes.
Choose the Payroll Tax tab.
Under Pay Taxes, choose Edit your tax set up.
Select the name of the state.
Scroll down to the section labeled State Unemployment Insurance (SUI) Setup. Then, click Change or add new rate.
Enter your new rate as a percentage from the notice you received from your state.
Enter the Effective Date.
That's it. Don't hesitate to get back to me if you have other questions about payroll updates. I'll be around to help you out.