Report and pay payroll tax

Task 5: Report and pay payroll tax

If your monthly or annual wages are over a certain amount, you may be liable to pay payroll tax. Usually, payroll tax is paid monthly.

You can use the Payroll Tax report and the Accruals by Category (Payroll Tax) report to view your payroll tax liability. You can access these reports in the Payroll tab of the Index to Reports window.

note : Filter the Payroll Tax report for the entire month

When you produce the Payroll Tax report, you should enter the date range for the entire month for which you want to view your payroll tax liability.

Once you have confirmed the amount you need to pay, you can create a Spend Money transaction to record the payment.

note : Before you can calculate payroll tax

You need to set up your payroll tax information in your company file before you can calculate payroll tax. For information about setting up your payroll tax information, see ‘Payroll tax reporting’.