Monday, September 16, 2024

QuickBooks Q&A: Tax Tables

Q: I have a question about payroll items and tax-tracking categories in QuickBooks. I have just me and I’m an 1120-S, so I don’t feel it is worth the $169 subscription price when I used to be able to download the tax tables for free. I waited until February 2003 to activate my free download, but now the payroll area keeps running me through the setup wizard telling me that my tax-tracking categories are all wrong. Even when I check “this payroll item is inactive” for things I don’t use, it still gives me the error. Maybe this is just a quirky coincidence of me not paying the subscription fee?

A: The results you are seeing are not a coincidence – they are by design within QuickBooks. It is no longer possible to obtain the “free” downloads of the tax tables like you used to do in the past. Under the new game plan, if you wanted to continue using QuickBooks for your payroll needs, you would either have to figure out the tax amounts manually via government publications, or subscribe to the QuickBooks Basic Payroll service (or one of their other services). Different businesses have different payroll needs, so QuickBooks offers several payroll-processing packages that are worth your consideration.

Scott Gregory, CPA, QuickBooks ProAdvisor, Microsoft Certified Professional is the president of Bond Technology. Bond Tech provides a full suite of QuickBooks and technology consulting services to small businesses. Services range from helping clients save money on their initial or upgrade purchases of QuickBooks to installation and training, as well as computer installation and networking. Contact Scott at SGregory@BondTechLtd.com, or by visiting their web site at http://www.bondtechltd.com/.

Scott Gregory Answers Quick Book Questions: Click Here For Free Answers

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