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Sumoman
Level 1

Payroll Taxes

Hello,

Does QuickBooks track all federal and state taxes that need to be withheld and when the deposits need to be made on a quarterly or annual schedule? Will it also allow you to withhold employees part of taxes?  Thanks

2 Comments 2
katherinejoyceO
QuickBooks Team

Payroll Taxes

Hi there, @Sumoman

 

Thanks for your sharing your concerns in the Community. I'm delighted to answer your first post. 

 

Yes. QuickBooks track all federal and state taxes that need to be withheld. These taxes include the following:

 

  • Social security and Medicare
  • Federal and state unemployment
  • Personal income tax (federal and state)
  • Miscellaneous other state taxes

 

Social security and Medicare is paid by both employers and employee. You as an employer will withhold the employee's part of the taxes and pay the federal amount for the company portion. 

 

For the federal tax schedule, you can check out this article to learn more about it: Payroll 101. It answers and clears all your concerns about how payroll taxes work in QuickBooks. 

 

You can also get answers to your payroll tax payment and filing questions for your future reference. 

 

Feel free to post and ask us some more. I'd be delighted to take answer them. Take care!

 

katherinejoyceO
QuickBooks Team

Payroll Taxes

Hi there, @Sumoman.

Hope you’re doing great. I wanted to see how everything is going about payroll taxes concern you had yesterday. Was it resolved?

Do you need any additional help or clarification? If you do, just let me know. I’d be happy to help you at any time.

Looking forward to your reply. Have a pleasant day ahead!

 

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