Payroll

Posted by Marc B. on February 22, 2007, 9:47 am

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I have Quickbooks Pro 2006 Mac. I run a small videography business
where I am the owner and only employee. I want to set up a Payroll for
myself for tax purposes yet. The only thing I can find on payrolls
however is a monthly fee based service. I really don't want to pay
$42.99 a month so I can write myself a check twice a month for tax
purposes (federal and state). Am I missing something or is this the
only solution for payroll?

A friend has Quickbooks Pro 2006 (Windows) and purchased their Payroll
software for $60 for the first year and $99 each year after. I can
justify that cost but not $42.99 a month. Did they change how they do
their Payroll software?

Posted by scfundogs on February 22, 2007, 10:08 am

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> I have Quickbooks Pro 2006 Mac. I run a small videography business

> where I am the owner and only employee. I want to set up a Payroll for

> myself for tax purposes yet. The only thing I can find on payrolls

> however is a monthly fee based service. I really don't want to pay

> $42.99 a month so I can write myself a check twice a month for tax

> purposes (federal and state). Am I missing something or is this the

> only solution for payroll?

> A friend has Quickbooks Pro 2006 (Windows) and purchased their Payroll

> software for $60 for the first year and $99 each year after. I can

> justify that cost but not $42.99 a month. Did they change how they do

> their Payroll software?

Quickbooks offers payroll subscriptions that work from inside QB for
Windows. QB for Mac doesn't have such a luxury, you have to use a
third-party payroll program.

I'd recommend using Excel (or whatever spreadsheet app you may be
using) and do your payroll manually. Then just create a journal entry
to put your payroll info into QB.

Have you discussed your desire to put yourself on payroll with your accountant?

--
Tara

Posted by Marc B. on February 22, 2007, 10:37 am

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scfundogs wrote:

> Have you discussed your desire to put yourself on payroll with your

> accountant?

He's the one that recommended it.

Posted by scfundogs on February 22, 2007, 12:13 pm

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> scfundogs wrote:

>> Have you discussed your desire to put yourself on payroll with your

accountant?

> He's the one that recommended it.

I don't know who you bank with but Bank of America offers complete
payroll to its business checking customers. Two employees, not doing
direct deposit, would cost $10 per month. This is according to their
website, I haven't personally tried it.

--
Tara

Posted by Golden California Girls on February 22, 2007, 10:38 am

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scfundogs wrote:

>> I have Quickbooks Pro 2006 Mac. I run a small videography business

>> where I am the owner and only employee. I want to set up a Payroll

>> for myself for tax purposes yet. The only thing I can find on

>> payrolls however is a monthly fee based service. I really don't want

>> to pay $42.99 a month so I can write myself a check twice a month for

>> tax purposes (federal and state). Am I missing something or is this

>> the only solution for payroll?

>> A friend has Quickbooks Pro 2006 (Windows) and purchased their Payroll

>> software for $60 for the first year and $99 each year after. I can

>> justify that cost but not $42.99 a month. Did they change how they do

>> their Payroll software?

> Have you discussed your desire to put yourself on payroll with your

> accountant?

You really need to talk to your accountant about this. There are some special
regs on this.