In CA, for an employee who pays into a 401k plan, is SDI based on earnings before the 401k reduction or after

In CA, for an employee who pays into a 401k plan, is SDI based on earnings before the 401k reduction or after? QuickBooks Help From the article: A 401k deduction reduces wages for federal income tax and most state income tax withholding. It impacts very few other taxes. When you set up a 401k item […]

What does message code 2205 mean in QuickBooks Payroll

What does message code 2205 mean in QuickBooks Payroll? The message is a Risk Management Fraud Security Check Hold Code. You will need to call QuickBooks Payroll Support Team to review your account and lift the Direct Deposit hold on your Payroll Subscription. Follow these steps to call QuickBooks Payroll Support Team: Open a browser, […]

Does ferderal income tax go up if an employee gets a separate bonus check

Yes, if the bonus check is separate from their regular wage. Per the IRS Supplemental Wages guidelines, payroll needs to withhold a flat 25% (no other percentage allowed). They are also subject to social security, Medicare, and FUTA taxes. Refer to Publication 15, table 7 for Supplemental Wages.     [wpedon id=”615″ align=”center”]  

QuickBooks Pro Desktop 2015

QuickBooks Pro Desktop 2015. Read more and buy at discount price! Organize your business finances easily. Track your sales and expenses all in one place and get reliable records for tax time. What’s new in 2015. Insights to up your game Get a quick read of your business performance from your home page. See top […]

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