Typically this involves the 941 for the IRS, and then a report for your state’s Department of Revenue for your withholding for the 2nd quarter, and then another report for your state’s Department of Labor for your unemployment payment for the 2nd quarter wages. Obviously, depending on your situation, your reports may vary.
QuickBooks Enhanced payroll has the reports as a built in functionality of that subscription, so that makes it quick and easy. Or, if you use a payroll service like Paychex or ADP, they can handle the reports for you.
It’s a good idea to keep a copy of the reports filed for your records as well as the backup support. The Payroll Summary report from QuickBooks usually gives good detail as backup. I also like running the Employee Earnings Summary report and I keep that on file as backup too.
If you are in charge of payroll and have questions, feel free to leave a comment in the box below and we’ll try to give you a tip or two! Or, please give our office a call at 770-478-7424 no matter where you are in the country, and we can set something up to assist you.