QuickBooks Desktop offers excellent payroll features that enable businesses to manage employee compensation, including salaries, wages, taxes, and benefits, directly within the QuickBooks software. It also helps in payroll processing by automating calculations, generating paychecks, and facilitating tax filings.
In QuickBooks Desktop Payroll, you can download the payroll updates to keep your payroll operations up-to-date and smoother. These updates provide the current and accurate rates and calculations for supported state and federal taxes, payroll tax forms, and e-file and pay options. In QuickBooks Online Payroll, your tax tables are automatically updated; you don't have to update them manually. In this blog post, we will cover how to get latest payroll news and updates in QuickBooks Desktop Payroll in detail.
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Know the Detailed Information about Payroll Updates
Each payroll update comes with several components to meet specific regulatory changes. Let's discuss what components are included in payroll updates.
Tax Table Updates:
These updates have the latest state and federal tax tables, ensuring accurate tax calculations.
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Forms Updates:
Federal and state forms undergo revisions from time to time and include updated versions of these forms, such as Form 941 for federal reporting.
E-file and Pay Updates:
Updates related to e-filing and electronic payment options are included in these updates, which makes the process more secure and smooth.
Find and Download the Payroll Updates in QuickBooks
After understanding the components of these payroll updates, let's discuss how to find and download the recent ones.
Note: Before getting the payroll update, make sure to check you have an active QuickBooks Desktop Payroll Subscription. In case your payroll subscription is expired or not active, you may encounter errors like QuickBooks error 15104 when updating payroll updates.
To download and install the latest payroll updates, follow these steps:
- Navigate to the Employees menu.
- After that, select "Get Payroll Updates."
- Look for the number next to "You are using tax table version:" to identify your current tax table version.
- Verify if it matches the latest version.
- For more details on your tax table version, choose "Payroll Update Info".
- Once you have identified your current version and want the latest one, select "Download Entire Update."
- Then, click "Update" to initiate the download process. When the downloading process is done, an informational window appears.
This guide covers how to get the latest payroll news and updates in QuickBooks Desktop Payroll in detail. Follow this guide carefully to keep your payroll operation up to date and use payroll features without any issues. If you are confused about something mentioned in this guide or you have any queries related to QuickBooks, feel free to give us a call at 1.855.856.0042. Our QuickBooks experts are available 24/7.
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