Here are some tricky things that we often have to fix for clients at the end of each quarter before the tax returns can be filed:
Tax rates aren’t correct
This happens for three reasons:
- UI Rates typically change at the beginning of the calendar year and must be updated in QuickBooks.
- Rates sometimes change mid-year.
- For South Dakota clients, often times the QuickBooks tax table updates erroneously override the SD Surcharge rate to 0.1% when it is supposed to be 0.00% for a quarter.
Tax liabilities in the “Pay Scheduled Liabilities” area of the Payroll Center don’t match the tax return.
This happens if the rate was changed in QuickBooks after payroll has been run for that period (year, quarter, etc.), such as if you find that the rate wasn’t correct and you change it after the fact. Tax liabilities need to be very carefully adjusted.
We can do a Quarter-end payroll check-up:
1. Verify and change tax rates if needed.
2. Adjust payroll liabilities (if necessary).
3. Determine any remaining end of quarter tax payments.
4. Print out payroll tax returns for you to file.
5. Resolving any other issues discovered are not included in our flat check-up rate, additional charges may apply.
Contact us today. We can offer this service via remote login.
There is a simple way to prevent these issues from happening is to make sure the proper rate is set in QuickBooks before the right before the first payroll whose pay date (not pay period ending) is applicable to the rate. (List->Payroll Item List, select appropriate item, right-click, select edit)