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DS61938
Level 2

Illinois Minimum Wage Credit calculator for QB desktop

We saw that a client who uses the QuickBooks online payroll subscription was able to have QB calculate the Illinois Minimum Wage Credit.

 

When will this feature be available for the Quickbooks Payroll Annual Enhanced (Desktop) version?  It is very time consuming to calculate for employers with a lot of minimum wage employees.  If QB has the technology to include it in the online version, I would think the Accountant's version (Desktop) should have it as well.

 

Or am I missing something?

 

Thanks for the help

7 Comments
Rose-A
Moderator

Illinois Minimum Wage Credit calculator for QB desktop

Hi, DS61938.

 

Allow me to share some information regarding the feature to calculate the Illinois Minimum Wage Credit in QuickBooks Desktop.

 

Right now, we haven't added this feature yet. QuickBooks aims to find new ways to make sure that your product meets your needs.

 

I'd suggest signing up for our Newsletter to stay up-to-date on any improvements in the desktop version. Just enter your Email and hit Sign up. This way, all updates will be delivered straight to your inbox. 

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While this feature is currently unavailable, as a workaround, you can manually calculate the wage credit and enter it into your QuickBooks. 

 

Step 1: Calculate your wage credits:

 

  1. Pull up the Illinois Wage Credit Instructions.
  2. Go to page 2 of the IL-941 form in payroll to see how to calculate your wage credits.

Step 2: Enter your wage credit into QuickBooks:

 

  1. Go to Employees, then Payroll Center, and select File Forms.
  2. Highlight the Illinois 941 Quarterly Returns, and select Create Form.
  3. In Step 5: Tell us about your payments and credits, fill in the information that you calculate the wage credits:
    • Enter "0" in the Years Left to Carry column.
    • Enter 0900 for the IL Wage Credit Code in the Credit Code column.
    • Enter the year and month for the credit in the Qtr ending Credit Earned column, and use this format: (2020-01 for Q1 2020).
    • Enter the calculated credit amount in the Credit Earned field.
  4. Follow the instructions on the form to file with the state.

I'm sharing with you the following resources below. It contains information on what forms are available as well as the options on how to file them in QuickBooks Desktop. Also, this will provide you more insights regarding paying and filing your taxes before the deadline:

 

Tax deadlines and important quarterly and year-end dates

Illinois Payroll Tax Compliance

 

I'll be around here in the Community if you need additional assistance. Have a good one.

DS61938
Level 2

Illinois Minimum Wage Credit calculator for QB desktop

Thank you for the information.  I will sign up for the newsletter.  Hopefully next quarter the desktop version will add this calculation feature that is already included in the online version.  We are aware of how to add the credits to the form once they are calculated.  That step takes little to no time.   The time consuming part (hours) is doing the actual calculation of the credit for an employer with 45 minimum wage employees.

jsb2214
Level 2

Illinois Minimum Wage Credit calculator for QB desktop

We need this update.....NOW

CharleneMae_F
QuickBooks Team

Illinois Minimum Wage Credit calculator for QB desktop

The feature to calculate Illinois Minimum Wage Credit in QuickBooks is not available, DS61938.

 

I recommend checking out our Payroll Tax Compliance. This provide the rates of your state taxes.

 

You can also visit our  Newsletter page from time to time. Doing so can help you stay updated with all the product improvements QuickBooks Desktop offers to cater to your business needs.

 

For more details in calculating and entering our wage credits for 2020, you can check out this article: Enter your Illinois Withholding Credit.

 

Additionally, I've included a guide for the tax deadlines and important quarter and year-end dates. This helps you stay current in completing your future tasks.

 

I'm always around to help if you have further clarifications about managing your taxes in QuickBooks. 

DS61938
Level 2

Illinois Minimum Wage Credit calculator for QB desktop

Thank you for the response.  However, I don't understand why the online version of QB has the capability to actually calculate the credit but the desktop version does not.

 

We know how to do it, but it is very time consuming.  We believe with our payroll subscription, the SOFTWARE should be calculating the credit. 

 

Is this in the works?

MarsStephanieL
QuickBooks Team

Illinois Minimum Wage Credit calculator for QB desktop

Hello there, @DS61938.

 

Currently, we don't have any updates yet about the feature request. Rest assured we will send updates through the newsletter if there's any.

 

QuickBooks roll out new features and other system, you can check it out on this page: QuickBooks Resource Center.

 

To know more about the percentage calculations, you can check out this bulletin from the Illinois Department of Revenue: Illinois Withholding Income Tax Guidance -Minimum Wage Credit.

 

I've added this article for your future task about paying and filing your taxes before the deadline: Tax deadlines and important quarterly and year-end dates. This contains a sub-article about payroll compliance ad tips on how to avoid late tax fillings.

 

You can always tag my name in the comment section below if you have any questions. I'd be here to help you in any way I can. Take care.

jsb2214
Level 2

Illinois Minimum Wage Credit calculator for QB desktop

This is a typical CUT & PASTE answer from Quickbooks.   

You should address the requests of your customers.

Our firm spends a lot of money purchasing Quickbooks, Proseries and other Intuit products, we need the same service as you give your Online customers.  I believe that your talented programmers should be able to figure out how to add this feature (Illinois Minimum Wage Credit calculation) to the desktop version.

 

We need this Illinois Minimum Wage Credit calculation programmed into DESKTOP version as it is in the ONLINE version.

 

Thank you

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