Payroll Update 21401 for QuickBooks 2014

 
  Summary of Tax Table Updates
 
  • This tax table includes new Federal withholding tables, and new Non-resident Alien withholding tables.
  • This tax table includes a new wage limit for Social Security taxes.
  • This tax table includes new withholding tables for: Alabama, California, Delaware, Idaho, Iowa, Kansas, Kentucky, Maine, Minnesota, Missouri, New York, and Oregon.
  • An action is required for the following states: Alaska, Colorado, Connecticut, Maryland, New Mexico, and New York.
  • This tax table includes other changes for: Alaska, California, Colorado, Delaware, Illinois, Iowa, Kentucky, Maryland, Montana, Nevada, New Jersey, New Mexico, New York, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Utah, and Washington.

Click here to see a cumulative list of all tax table updates for 2014 and required actions.

 
  Summary of Tax Forms Updates
 
  • For Enhanced Payroll for Accountants payroll subscribers, this Payroll Update includes federal forms that were updated: Forms 940 for Reporting Agents & Schedule A (Form 940 for Reporting Agents), and Form 944 for Reporting Agents & Form 945A for Reporting Agents.
  • For Standard and Enhanced payroll subscribers, this Payroll Update includes federal forms that were updated: Forms 940 & Schedule A (Form 940), Forms 943 & Form 943A, Form 944 & Form 945A, Form W-2, and Form W-3 & Form W-3c.
  • Note: In November, the federal government determined that there are 14 credit reduction states for 2013. Delaware has a reduction rate of .006 (0.6%). A .009 (0.9%) reduction rate is listed for Arkansas, California, Connecticut, Georgia, Kentucky, Missouri, New York, North Carolina, Ohio, Rhode Island, and Wisconsin. A .012 (1.2%) reduction rate is listed for Indiana and the U.S. Virgin Islands. For more information about this change and how it affects your FUTA tax payments and your Form 940 and Schedule A, click here.
  • For Enhanced payroll subscribers, this Payroll Update includes a state form that was added for the following states: Arizona and Idaho.
  • For Enhanced payroll subscribers, this Payroll Update includes state forms that were updated for the following states: Arizona, Arkansas, Colorado, Connecticut, Delaware, District of Columbia, Georgia, Idaho, Indiana, Maine, Maryland, Michigan, Mississippi, Missouri, Montana, Nebraska, New Jersey, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Virginia, West Virginia, and Wisconsin.
  • For Enhanced payroll subscribers, this Payroll Update includes a state form that was removed for the following state: Idaho.

Click here to see a cumulative list of all tax form updates for 2014.
 
  Summary of E-File & Pay Updates
 
  • For Enhanced Payroll for Accountants payroll subscribers E-File & Pay, this update includes updated e-filing options for the following: Form 940/Schedule A for Reporting Agents.
  • For E-File & Pay, this update includes new e-filing options for the following: New York.
  • For E-File & Pay, this update includes updated e-filing options for the following: Federal Form 940/Schedule A, Form W-2/W-3, Arizona, Illinois, Indiana, Kentucky, Maine, Maryland, Massachusetts, Oregon, Utah, Virginia, and Wisconsin.

Click here to see a cumulative list of all e-file & pay updates for 2014.
 
If you share your company file over a network
 


If you use QuickBooks to share your company file over a network, your coworkers can install payroll updates even if they do not have direct access to the Internet. Be sure that each copy of QuickBooks is set with the Share Download option turned on. Click here for more information.

Disclaimer: The information contained on these pages is meant to provide general information about the payroll process. It is not intended to provide comprehensive tax or legal advice and does not modify or extend the service guarantee to any Intuit product or service. You are responsible for consulting with your own professional tax advisor, accountant, and/or attorney concerning your business' specific concerns.