Repeat this process for all payment schedules in your scheduled tax payments list when you are done, click Finish Later.

Set up a bank account from which the payment will withdraw.

Choose E-pay for the deposit method, enter your Federal EIN under Account Number and choose your deposit schedule for payment (deposit) frequency.Choose Federal 941/944/943 and click Edit.At the bottom of the screen under Other Activities, click Manage Payment Methods.To do this, go to Employees then Payroll Taxes and Liabilities then Pay Scheduled Liabilities. To schedule and pay your federal and state tax liability in QuickBooks, you must first set up your payment schedule. The rest of the setup should be fine, so click Next until you reach the end then click Finish.Add each quarter employment tax rate for the current year (for Minnesota and Wisconsin, all four quarters are the same).Verify that the liability and expense accounts for the payroll item are correct and click Next.

Right-click on it, then click Edit Payroll Item from the pop-up menu click Next.

Find the liability in the list: MN – Unemployment Company or WI – Unemployment Company.For those items that are not updated automatically (such as state unemployment tax rates), adding or modifying them is very simple.įor an example, here is how to update the Minnesota and Wisconsin unemployment tax rate: Annual limits such as the Social Security tax wage limit update automatically at the start of each year. Most common pay items and tax types are set up automatically during the initial payroll setup. If you have QuickBooks payroll for Desktop, tracking and paying payroll liabilities can be a quick way to be reminded when your payroll deposits are due and how much is owed.

Quickbooks payroll service form 941