QBO Payroll Reminders

  • New Hire Reporting – Employers are required to report new hires and rehires to state agencies. QBO will only handle New Hire Reporting for clients using Full Service Payroll. All other payroll subscription users are responsible for filing this on their own. 
  • Local Services Tax (LST) – QBO Payroll does not handle the filing of LST (if applicable). Employers are responsible for this filing on a quarterly basis. When the payroll is setup, the LST will need to be setup for each employee as a deduction.
  • Local Tax Filing – QBO Payroll only files Local Taxes for subscribers using Full Service Payroll. All other subscribers are responsible for the quarterly filing of the return and tax payment.
  • Deductions – Employers are responsible for setting up any applicable deduction items for employees. Make sure that deductions are being setup correctly with regards to taxing (pre and post-tax), annual limits (e.g.,retirement and HSA deductions), and garnishments (e.g., Child Support, PHEAA, etc.).

Additional Resources:

Topics:

Let's start a conversation!

We would be happy to discuss how Trout CPA can help with your specific needs.

photo of accountant shaking hands with a business owner