Chapter 11

Payroll

IN THIS CHAPTER

Bullet Requesting an employer ID number

Bullet Obtaining withholding information

Bullet Computing an employee’s gross wages, payroll deductions, and net wages

Bullet Recording a payroll check in QuickBooks

Bullet Making federal tax deposits

Bullet Preparing quarterly and annual payroll tax returns

Bullet Producing annual wage statements, such as W-2s

Bullet Handling state payroll taxes

Payroll is one of the major headaches of running a small business. When I think of all the time that I’ve seen clients waste figuring out withholding amounts, writing checks, and trying to fill out comically confusing payroll tax returns, it makes me want to scream. Fortunately, QuickBooks helps. And in a big way. In this ...

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