Payroll Update 21601 for QuickBooks 2014

 
  Summary of Tax Table Updates
 
  • Important Reminder:  Additional Medicare Tax is still in effect for tax year 2016.  You must have the Medicare Employee Addl Tax payroll item set up on high wage earners. Please refer to the details in the tab titled Tax Table.
  • This tax table includes new Federal withholding tables, and new Non-resident Alien withholding tables.
  • This tax table includes new withholding tables for: Alabama, California, Connecticut, Idaho, Iowa, Kentucky, Maine, Michigan, Minnesota, Missouri, New Mexico, North Carolina, North Dakota, Oregon, and Vermont.
  • An action is required for the following states: Connecticut and Vermont.
  • This tax table includes other changes for: Alaska, California, Colorado, Hawaii, Iowa, Kansas, Kentucky, Minnesota, Montana, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, Rhode Island, Utah, Vermont, Washington, and Wyoming.

Click here to see a cumulative list of all tax table updates for 2016 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.
  • Note: In November, the federal government determined that there are four credit reduction states for 2015. A .015 (1.5%) reduction rate is listed for California, Ohio, and U.S. Virgin Islands, and a .021 (2.1%) reduction rate is listed for Connecticut. 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 state forms that were updated for the following states: Arizona, Arkansas, Colorado, District of Columbia, Georgia, Indiana, Iowa, Louisiana, Maine, Maryland, Mississippi, Montana, Nebraska, New Jersey, North Carolina, Ohio, Oregon, South Carolina, Virginia, West Virginia, and Wisconsin.

Click here to see a cumulative list of all tax form updates for 2016.
 
  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 941 for Reporting Agents, and Form 940/Schedule A for Reporting Agents.
  • For payroll subscribers E-File & Pay, this update includes updated e-filing options for the following: Form 941, Form 940/Schedule A, and Form W-2/W-3, Alabama, Georgia, Illinois, Indiana, Nebraska, Utah, Virginia, and Wisconsin.
  • For E-File & Pay, this update includes e-filing options that were removed for the following: Louisiana.

Click here to see a cumulative list of all e-file & pay updates for 2016.
 
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.