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Editing payroll tax forms

Calculate penalties and interest on payroll tax forms

If you're making your payment late, you will likely be required to pay interest or penalties on the outstanding amount on the payroll tax form. You can choose to have the application automatically calculate penalties and interest for the forms, but this feature is not automatically enabled.
note
  • When you enable this feature, penalties and interest (based on your current system date) are automatically included on the forms when adjustments are processed.
  • The payroll tax form must contain rows designated for interest and/or penalties for the fees to be calculated.
This feature can be turned on in one of 2 screens:
  • Actions
    , then
    Edit Payroll Tax forms
    .
    Select
    Calculates Penalty
     the
    Interest
     to have the application calculate penalties and interest on the currently selected forms, based on your current system date. This remains active (green) until manually toggled off or until the application is closed.
  • Actions
    , then
    Process Payroll Tax Forms
    .
    Mark the
    Calculate penalty/interest
     checkbox to have the application calculate penalties and interest on the currently selected forms, based on your current system date. Once you mark the checkbox, it remains marked until manually cleared or until the application is closed.

Create the liability

Use
Process Adjustments
 to create a Payroll Liability check for the calculated penalties and interest. The adjustment will appear as a
Pen/Int Adj
 in the
Print Checks
, then
Payroll Liabilities
 tab.
note
Process Adjustments
 isn't available when
Do not create tax liabilities
 is selected in
Payroll Taxes
 tab of the
Client
 screen.

This article applies to:

  • PRODUCT: Accounting CS
  • State: All states
  • Subject: Payroll tax forms

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