Populating the 941 form QuickBooks desktop is important and critical. Every employee has to fill this form to file their quarterly wage report. Not just this, there is much more to it. This form not only reports the wage paid to the employees but also registers the tips received by your employees, their federal income tax withheld, and Medicare taxes.
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This form has to be filled in every quarter and it is due for the last day of the month in that quarter. There are multiple things that are filled in the form. Go line by line and keep filling the form as and whatever is being asked.
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Filling the company information
You need to put up a lot of things on the form but a few of them remain the same. While filling the 941 form in your QB desktop this is what needs to be followed.
Note: Follow these steps for online payroll
Navigate to the “Payroll Settings” and then select the “Gear Icon” on the top of the page.
Next, you will have to click on the “edit” button and then select “General Tax.”
From there you will have to punch in your information. Like the “name” and “address.”
Once done, you will have to click on “Ok.”
Note: This has to be done for QuickBooks Desktop Payroll.
Navigate to “Company” and then click on “My Company.”
Now, click on the “edit” icon and then on “contact information” and then “legal information tab.”
Once you are done with all the corrections and fillings; click on “Ok” after that.
Post that you will have to fill in the “report for this Quarter” and then “Number of employees”, then the “wages, tips, and other compensation.”
All of this has to be filled in on the first page itself. There are a few more entries that have to be filled.
And then you will have to head to the next page. Another very important part of the form is the Tax Liability for the quarter section.
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Note: For online payroll
Click on “reports” and then look for “Tax and wage summary” report.
From there you will have to go to the “data range” and then select your quarter. Once done, you will click on “apply.”
For proceeding you will have to look at the totals under “federal taxes (941/944).
Similarly, you will be following all the steps that have to be done to complete the filling of the entire 941 form on QuickBooks desktop.
Conclusion
The entire form is quite extensive and there are multiple pages throughout. To get immediate assistance you can always get in touch with our experts. They will guide you through the entirety of 941 from QuickBooks desktop. Our experts are here to help you with all your QuickBooks related issues. All you need to do is dial the number that’s given on our website and get to talk to our experts or directly dial +1 (855) 738-0359. In this case, they will help you in filling up the right from the beginning to end.
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