![]() ![]() Sure, it offers all the basics, like workers compensation insurance, health insurance management, and 401 plans. To submit W-2s electronically to the Social Security Administration, just click a button. You’ll receive an email reminder Online Accounting when it’s time to issue W-2s, you’ll see the completed W-2s online and you can print copies to distribute to your employees. Contractor payments are not supported by the Basic level of service. Intuit® Online Payroll Enhanced lets you pay 1099 contractors using the same payment features available for employee payments. If you’re an employer, you can’t just be on your merry way after paying your employees. When providing your prior payroll reports, Square Payroll will need payroll information based on the pay date. The check date is the date when your employee was paid, but the pay date is the date when federal and state tax payments were recorded. Intuit even has a service called “assisted payroll”, where you run the payroll in the software and then and submit it electronically to them and they file your forms and pay your taxes. The best way to do labor job-costing is to run the payroll through QuickBooks Desktop, using time sheet entry. I then do a journal entry of $500 debit AND credit of wages and apply the debit to a project. Best of all, Intuit® Online Payroll is significantly less expensive than most traditional payroll services. For future tax payments, the money stays in your account until you tell Intuit to send your payment. You stay in full control by processing payday, tax payments and tax filings on your schedule, not someone else’s. Utilize the information from your payroll report to generate a journal entry. ![]()
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