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Showing posts with the label QuickBooks Payroll and tax sevrvices

Payroll and Tax Services - A Guide for Small Business Owners

To start a small business of your own is a great experience - after all, you get to be your own boss and decide how to run things. However, having your own business means taking care of a hundred and one things, which can prove to be a challenge at times. For instance, you have to hire more workers as your business expands in order to ensure the smooth running of your operations. When you do that, it becomes necessary to know how to run payroll and tax services for your organization, especially if you do not wish to hire someone else. Generating your company’s payroll involves various payroll taxes which you will have to withhold and deposit, among other things. This blog has been written as a guide to help you manage payroll and make many decisions regarding the same.   How to Manage Payroll and Tax Services for Small Business Owners For every small business owner, there are certain steps that will greatly help in handling payroll efficiently. These have been explai

Proper Allocation of QuickBooks Payroll and Tax Services

QuickBooks has been assisting accountants and business owners alike in various kinds of tasks that are related to financial accounting, such as payroll and tax services . While using this software, however, there are certain steps to take to make your work even easier. For instance, there is an expense account in QuickBooks to which newly-created payroll items are routed. This account has been aptly named the Payroll Expenses account and is the default for any payroll expenses that you have just added into the software. Actually, it is not necessary that they always go to that very account. You can change that particular detail so that your payroll items get mapped to an account of your choice instead. The only rule here is that you can only do so for one payroll item per expense account. Mapping Payroll and Tax Services - Steps It may seem like an issue to people who have to allocate more than one such cost in the different categories for the same account. This problem c