Payroll Update 22016 for QuickBooks 2020

 
  Summary of Tax Table Updates
 
  • This tax table includes a new tax tracking type to support the deferral of the employee portion of social security tax, as defined in the Presidential Memorandum Deferring the Employee Portion of Social Security Tax.
  • This tax table includes a new federal payroll item to help employers defer the employee portion of social security tax, as defined in the Presidential Memorandum Deferring the Employee Portion of Social Security Tax.

Click here to see a cumulative list of all tax table updates for 2020 and required actions.

 
  Summary of Tax Forms Updates
 
  • For Enhanced Payroll for Accountants payroll subscribers, this Payroll Update includes a federal form that was updated: Form 941 for Reporting Agents.
  • For Standard and Enhanced payroll subscribers, this Payroll Update includes federal forms that were updated: Forms 941 and 941X.

Click here to see a cumulative list of all tax form updates for 2020.
 
  Summary of E-File & Pay Updates
 
  • There are no E-File & Pay updates in this Payroll Update.

Click here to see a cumulative list of all e-file & pay updates for 2020.
 
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.