Payroll Changes: Be Prepared
Did you know that federal and state agencies have implemented over 50 payroll tax, unemployment insurance, and other changes so far that could affect your payroll? Expectations are that there will be more changes to payroll withholdings in 2004 as well. These include:
State specific changes to payroll tax withholding rates and wage bases.
Recent changes to federal forms, such as W-2, 940 and 941 forms that you need for filing throughout the year.
Changes to Social Security wage base and the Advanced Earned Income Credit.
As you prepare your payroll in 2004, make sure that you have the latest withholdings, wage limits, and payroll tax forms so your payroll is processed correctly each pay period. You should also verify with your employees that they have given you correct information (i.e., Social Security numbers, number of dependents) to ensure your payroll is accurate.
In case you were not aware, QuickBooks offers you a reliable payroll solution, one that reduces the hassles of payroll — tax law changes, calculations, data entry, forms and more. With QuickBooks Do-It-Yourself Payroll, you have that solution. It is affordably priced at $169 per year and offers you the benefits of an end-to-end payroll service, integrated right into your QuickBooks software.
If you use QuickBooks 2004:
- Click the Employees Menu
- Choose Payroll Services
- Choose Set Up Payroll
- On the Payroll Options page, choose Do-It-Yourself Payroll
Sign up today!
QuickBooks Do-It-Yourself Payroll requires a current version of QuickBooks, EIN and Internet access for a download delivery subscription. Terms, conditions, features and pricing subject to change. Additional fees apply to additional services. Offer expires 3/31/04.
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