Payroll Articles
How Will the Economic Stimulus Act Affect Payroll for Me and Clients?
Intuit Has Your Answers
By: Intuit
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The American Recovery and Reinvestment Act of 2009 (ARRA) or so-called Economic Stimulus Act, includes new tax credits and other assistance that while beneficial, will require changes to how payroll is calculated.
Fortunately, Intuit has long been in the business of staying on top of payroll compliance changes. This is no surprise, since more small businesses rely on Intuit Payroll than any other payroll service.
How We Keep You Up to Date
Intuit is committed to keeping its customers informed of the payroll-related changes and updating our software in a timely manner.
As part of its ongoing business, Intuit Payroll's team of compliance professionals regularly works with tax authorities to ensure customers receive timely delivery of updated tax tables, forms (for services that include forms) and compliance-related information.
Here's how:
- Outbound notices and alerts to accounting professionals and payroll customers.
- Free updates to tax tables provided to Intuit Payroll customers. (Free means no additional cost to payroll service. The service itself is not free.)
- Website for updated information at www.usepayroll.com/stimulus.
Things to Do Now
Next Steps: There are two things that you can do right now to make sure that we can keep you up to date with the latest information about your payroll service. These are also steps you can recommend to clients with their own payroll service:
- Keep your payroll administrator email up to date. At various times throughout the year, we send emails to your payroll administrator with important information that helps to keep your small business compliant with changing regulations. Click here for instructions on how you can quickly update your payroll administrator's information in QuickBooks.
- Make sure you always have the latest payroll updates. Click here for information about payroll updates and for instructions on how to turn on automatic updates. Automatic updates are a great way to make sure that you always have the latest information.
Stay Tuned: Intuit will announce the timing of the QuickBooks updates through various postings and outreach, as such dates are confirmed.
Visit www.usepayroll.com/stimulus to see all the latest news on how the ARRA may impact your payroll, and how Intuit QuickBooks Payroll is ready to help you and your clients succeed.
Last Updated: 03/11/2009
