ILLMAS Posted January 18, 2018 Report Posted January 18, 2018 QB has released the payroll tax update, it requires a manual update, see below: Intuit has released Payroll Update 21804, with revised tax tables. Several forms updates are included for Standard and Enhanced Payroll customers. This email also provides the following: Federal E-File and Pay Updates New Federal Withholding Tables To confirm that you have received the update, open QuickBooks and choose Employees > Get Payroll Updates. If you don't see a message that says, "You are using tax table version: 21804," click Update. Get complete instructions. To turn on the automatic updates feature in QuickBooks so that you automatically receive payroll updates when they are released, choose Help > Update QuickBooks. On the Options tab, select Yes for Automatic Update and check the Mark All box to ensure that you receive all updates. Get the Payroll Update The Payroll Update ensures that you will be in compliance with legislation that affects your payroll. For details on the contents of this update, go to Employees > Get Payroll Updates > Payroll Update Info. Federal E-File and Pay UpdatesForm 940 E-filings E-file for Annual Form 940/Schedule A, for Reporting Agents (available for Enhanced Payroll for Accountants subscribers only), Employer's Annual Federal Unemployment (FUTA) Tax Return, has been updated. Form 944 E-filings E-file for Annual Form 944 for Reporting Agents (available for Enhanced Payroll for Accountants subscribers only), Employer's Annual Federal Tax Return, has been updated. New Federal Withholding Tables This update also includes new Federal withholding tables and new Non-resident Alien withholding tables for 2018. Note: These new Federal withholding tables use current W4s, however we expect the IRS to update the W4s and provide an updated online calculator to better determine withholdings. For more information regarding the Tax Reform Bill, click here. 2 1 Quote
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