QuickBooks Online Payroll allows me, the accountant, the flexibility to create a payroll system that gives my clients control over their payroll, while allowing me to monitor compliance and the way entries are posted to the general ledger. QuickBooks Full Service Payroll is a good option for accountants who don’t want to be involved with payroll taxes and filings, or are too busy to manage the compliance aspect. This article focuses on QuickBooks Online Payroll which is more hands-on for the accountant. Those who want a full service option to manage their payroll taxes and filings use QuickBooks Full Service Payroll, while those who want to be more involved, but probably shouldn’t be, rely on their accountants to help them in this case, we use QuickBooks Online Payroll. The good news is that Intuit® offers payroll solutions that will fit both types of clients. These clients usually end up paying costly fees and/or penalties for amended returns, and interest. Others are disorganized or unpredictable, to say it nicely, and forget filing deadlines or miss required payments. Many honestly think they understand the law and their payroll-related obligations, but are either misinformed or don’t stay up to date with changes. While some are vigilant about managing their payroll obligations, others need a bit more help. This means not only listening to your client, but looking at their past actions and habits. Let’s face it: payroll is complicated and it is our job as their trusted advisor to help our clients stay compliant and identify the most efficient and effective way to handle payroll for their company.Ĭlients come in all shapes and sizes, and it’s our job to get to know our clients well in order to serve them best. When meeting with new clients for the first time, one of the most important topics is how they handle payroll for their company.
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December 2022
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