How To Pay Payroll Taxes Online – If you use QuickBooks Online to make payments for payroll deductions and payroll debts for your employees, it is important that you use the appropriate sections to record your payments. In this easy-to-follow guide, we walk you through all the necessary steps so you can rest easy knowing everything is done right.
We’ll start by logging into your QuickBooks dashboard on your desktop computer. We will provide you instructions as well as screenshots to help you easily follow this guide.
How To Pay Payroll Taxes Online
After securely logging into your account, go to the Income Tax Center located under Taxes on the left tab.
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Tip: This is a bit confusing – you’d expect it to be below salary! Aren’t you lucky that we have created such a great guide for you?
The tax section has two tabs, one for VAT, the other for payroll tax. Click on the Payroll Tax tab to proceed to the next step.
After that, you can select the tax you want to pay from the Tax Type column as shown in the screenshot below.
You will notice that the options vary depending on where you are geographically, which agency you are registered to pay.
Form W 2
It’s also worth noting that if you’re not registered with a payroll service that sends these payments, you’ll need to submit and pay using the government’s website.
Note: Be sure to register taxes in the Payroll Tax Center before updating your bank feed. The transaction will then be automatically matched to the bank flow. It is not possible to correctly record salary or VAT payments directly from the bank feed.
This simple guide walks you through how to make payments on payroll and deductions from your employees’ paychecks using QuickBooks Online.
We have what you need. Check out our courses and free resources for more help managing your finances.
Conquer Payroll With Confidence
We want to thank you for using our guide on how to pay payroll with QuickBooks Online. Feel free to explore our ever-growing blog for more helpful articles, check out our free and paid QuickBooks online courses, and as always, contact us with any questions or comments you may have. In 2021, understanding how is more important than ever. Enter sales tax in QuickBooks to comply with local and national laws. The rise of e-commerce as an integral part of businesses of all sizes has further increased the need to accurately track and attribute sales taxes in your accounting software. If you pay for VAT collected from your customers, it is important that you use the correct section to record your payments.
Log in to your QuickBooks Online desktop interface. From there, go to the Sales Tax Center, located under Taxes on the left tab.
It is important to check this tab often as the VAT module is constantly updated by Intuit.
Now that you have clicked on Taxes, you will notice that there are now separate sections. The tax section has two tabs, one for VAT, the other for payroll tax.
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The tax collection agencies you collect for appear at the top of the screen or listed on the left, depending on the version of QuickBooks you’re using. As you can see from the screenshot below, the program has identified the applicable tax locations for me and started crediting sales tax based on the purchases I received.
To register a tax debt payment, you must select the Payments tab under the agency you are paying.
If you want to record a payment for the return period you are paying, navigate under Applications and select your reporting period, then click Record Payment.
If you want to pay in installments, go to the Payments section and register a new payment.
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You must submit and pay using the government website. Recording payments in QuickBooks Online doesn’t make payments for you, it helps you keep track of payments.
Note! Before updating your bank feed, be sure to enter the sales tax in the Sales Tax Center. The transaction will then be automatically matched to the bank flow. It is not possible to correctly record payroll tax payments directly from the bank feed.
We have what you need. Check out our courses and free resources for more help managing your finances.
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