To handle the taxes accumulated through employee payroll, Intuit provides a solution called Assisted Payroll through its QuickBooks Payroll. When the employer issues paychecks, it computes taxes on its own.
If users permit it, it can then file taxes on their behalf. No information is required if the user already uses QuickBooks for accounting and payroll purposes.
Simply continue with their daily tasks, and QuickBooks-assisted payroll will automatically retrieve information when paychecks are sent out.
Key Assets of QuickBooks Assisted Payroll
The application simplifies the process of subscribing to assisted payroll services. We have listed some features:
- With Intuit's straightforward entry-exit strategy for QuickBooks aided payroll, you may access the service whenever it's convenient for you and withdraw at any moment preferences
- In addition to the payroll-assisted subscription, Intuit offers free, live assistance from professionals
- It can manage all forms of employee payments, including hourly or salary compensation, commissions, bonuses, and more
How can I Find Out if I Have QuickBooks Desktop Assisted Payroll Installed?
- Select My Payroll Service after clicking on Employees
- Clicking the Manage Service Window brings up the QuickBooks Service Keys window
- Navigate to the Service Name to find the payroll service
Additional prerequisites for the QuickBooks Desktop Payroll Assisted
You must meet the following prerequisites to use QB Desktop Assisted Payroll:
- Use of QuickBooks Desktop Pro, Premier, or Enterprise version 2023 or later is required
- Payroll for QuickBooks versions 2022 and below has been discontinued
- It should be the Internal Revenue Service's (IRS) Employee Identification Number (EIN) that you possess
- For all federal forms and return filings, the EIN must be on them
- A steady, fast network connection is essential
Each month, the cost of QuickBooks Assisted Payroll is $79
Methods to Set Up Assisted Payroll Service in QB
- Move to the Employees option > hit the Set Up Payroll
- Tap the Assisted Payroll option & you need to fill out an online application form to complete the federal and state enrollment forms
- Check you have filled in all the details in the Interview Wizard > hit Place My Order as the process is complete
- Form 8655 (Reporting Agent Authorization) and the limited power of attorney form must be printed. The company officials should sign these before faxing them to QuickBooks at 888-437-8001
- Within the next one to two business days, QuickBooks will complete your request and make two minor account debits
- Enter these two debit details in the interview wizard, and then generate your payroll PIN
- We've enabled your Assisted Payroll
- Later on, you will need to complete some preparations in the Payroll Setup Wizard
- Reviewing the existing configurations and creating the others are your tasks
- Organizational Structure
- Employee Configuration
- Details of taxes
- Payrolls for the current year
Conclusion
This blog has covered proper research-based information about QuickBooks-assisted payroll on your desktop. Moreover, if you face any challenges with the same issue or anything related to QB, you can dial +1(855)-738–0359 and consult our QB tech experts. They are available 24/7 at your service.
Explore more about:- How to change QuickBooks license number?
Frequently Asked Questions About QuickBooks Assisted Payroll
What is QuickBooks Assisted Payroll?
- QuickBooks Assisted Payroll is a full-service payroll solution where Intuit handles payroll calculations, tax filings, and payments on behalf of your business. It simplifies payroll management by ensuring accuracy, compliance, and timely processing while letting business owners focus on operations rather than administrative tasks.
How does QuickBooks Assisted Payroll differ from self-service payroll?
- Unlike self-service payroll, where the business owner manually calculates wages, taxes, and filings, Assisted Payroll automates all calculations and ensures taxes are filed and paid correctly. This reduces errors and the risk of penalties while saving significant time and effort.
Is QuickBooks Assisted Payroll suitable for small businesses?
- Yes, it is ideal for small to medium-sized businesses that want accurate payroll management without dedicating internal resources to complex tax and filing processes. The service supports multiple employees and helps maintain compliance with local, state, and federal regulations.
What types of taxes does QuickBooks Assisted Payroll handle?
- Assisted Payroll manages federal, state, and local payroll taxes, including income tax withholdings, Social Security, Medicare, and unemployment taxes. The system calculates, files, and pays all taxes automatically to the appropriate authorities on schedule.
Can I still access employee payroll reports with Assisted Payroll?
- Absolutely. QuickBooks Assisted Payroll allows you to view and download detailed payroll reports, including pay stubs, tax summaries, and year-end forms. This ensures transparency and keeps your financial records organized and accessible at any time.
How do I set up QuickBooks Assisted Payroll?
- Setup involves entering company and employee details into QuickBooks, linking your bank account for payroll payments, and selecting your preferred payroll schedule. Once configured, Assisted Payroll takes over calculations, tax filings, and payments, requiring minimal ongoing input from the user.
Does QuickBooks Assisted Payroll support direct deposit?
- Yes, the service supports direct deposit for employees, allowing wages to be transferred electronically on scheduled paydays. This provides convenience, reduces processing errors, and ensures employees receive payments promptly.
What if there's an error in payroll processing?
- If an error occurs, the Assisted Payroll team reviews and corrects it before funds are disbursed or taxes are filed. This proactive monitoring reduces mistakes and ensures that employees are paid accurately and that tax compliance is maintained.
Are year-end tax forms included in Assisted Payroll?
- Yes, QuickBooks Assisted Payroll automatically prepares and files year-end tax forms such as W-2s and 1099s. This eliminates the need for manual calculations and filings, ensuring employees and contractors receive accurate documentation on time.
Can Assisted Payroll integrate with other QuickBooks features?
- Absolutely. It integrates seamlessly with QuickBooks accounting software, syncing payroll data with your financial records. This integration ensures accurate bookkeeping, simplifies reporting, and provides a complete view of your business's financial health.