Payroll

Feb 22, 2007 4 Replies
M

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?


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S

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?

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M

He's the one that recommended it.

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G

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

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S

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.

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