Good job for running your payroll for the first time, toddlerner.
I can guide you in handling your payroll liabilities.
Yes. That represents the tax due to be paid to the tax agency. Also, we can pay and file your federal and state payroll taxes for you. Please ensure that the Automate taxes and forms are turned on.
Here's how:
- Select the Settings ⚙ icon, then click Payroll Settings.
- In the Taxes and forms section, hit the Edit pencil icon.
- Make sure Automate taxes and forms is On.
- From the When to pay section, select one of the following:
- Sooner: tax payments are paid prior to the due dates.
- Later: tax payments are paid on the due dates.
- Select Save.
Once done, we'll pay and file your payroll taxes for you.
If it's turn off, you'll see reminders in your payroll to-do list when you're ready to pay or file your payroll taxes. You can check this guide for the detailed step: Pay and file payroll taxes online.
Adding this handy material for more insight: See Tax Payments And Forms. This contains steps on how you can view tax payments and forms already filed.
Add a comment if you have further questions about payroll liabilities. I'll be around to back you up.
