CPA Practice Advisor - 13

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Take the Pain Out of Payroll With New
Features in QuickBooks Online Payroll
FOR MANY ACCOUNTANTS, helping clients meet their
payroll obligations and staying compliant has often taken
a back seat to providing other accounting and tax services.
But now, with QuickBooks Online's new expanded suite
of automated payroll services, that's a thing of the past.
The new expanded suite goes
beyond payroll, delivering real valueadd for you and your practice, saving
you and your clients valuable time.
Already packed with the standout
features in QuickBooks Online Payroll
Core and Premium, QuickBooks Online
Payroll Elite (a brand new offering)
provides benefits that will enable any
practice to offer payroll, benefits, and
HR services without pain points. Now,
accountants and small businesses
can protect their business with endto-end setup, certified HR support
and tax penalty protection, all within
QuickBooks.
Here are more details on the benefits of QuickBooks Online Payroll Elite:
White Glove Customized Setup:
Have the option to leave payroll setup
in QuickBooks' hands. US-based
experts will handle everything for you,
ensuring your clients are set up to have
the most accurate payroll possible.
Auto Payroll*: Set up payroll just
once, and you're done! Once the initial
setup is complete, this feature allows
clients with only salaried employees
to run Auto Payroll on direct deposit,
review and approve payroll before
paychecks are sent, and easily add
additional compensation, such as
commission and bonuses. For all other
workers, business owners can run
payroll in less than five minutes from
anywhere. Payroll is also automated in
the Core and Premium offerings.
Manage Projects and Track Time
On the Go: Through the TSheets
mobile app included with QuickBook
Online Payroll Premium, clients have

mobile time and location tracking,
allowing workers to clock in or out
anywhere, on any device; GPS tracking to get a more complete picture of
who's working where; and the ability
to review, edit, and approve employee
hours right inside QuickBooks.
Ratcheting things up a notch,
QuickBooks Online Payroll Elite also
has geofencing and project planning.
Now clients can better manage projects
and track time on the go by tracking
project hours and labor expenses in
real-time, tapping into geofencing
that alerts workers to clock in or out
when entering or leaving the job site.
They will also enjoy an activity feed
that lets team members add and view
notes, photos, and project updates
from anywhere.
Professional HR Advisor: Human
resource questions inevitably arise,
and finding someone to answer them
can be challenging. Now, with QuickBooks Online Payroll Elite, your clients
will be able to consult one-on-one with
HR advisors! This offering, powered by
Mammoth, enables clients to consult
with certified HR advisors by phone
or online, receive professional guidance on critical HR issues, and obtain
custom handbooks and policies for
compliance with relevant laws. Mammoth HR advisors provide actionable
HR solutions tailored to each client's
diverse needs. They listen, educate,
and coach with respect and empathy,
knowing HR is a different experience
for everyone.
Tax Penalty Protection**: Tax
penalties are not just alarming, but

potentially detrimental. QuickBooks
stands behind all the calculations of
customer paychecks, tax payments
and forms and helps ensure they are
accurate and on time. Additionally,
with QuickBooks Online Payroll Elite,
Intuit will pay your IRS penalty fees
and interest - up to $25,000 per year
- regardless of who caused the error.
In addition, QuickBooks Payroll's tax
resolution team will work on your clients' behalf to help resolve any payroll
tax or filing issues with the IRS.
Automated Taxes and Form
Filings on All Products: QuickBooks
will handle all payroll taxes. With our
automated features, federal, state,
and local payroll taxes are calculated,
filed, and paid automatically. In addition, W-2s are prepared and mailed to
employees, and annual W-2s are filed
for the client. In addition, your clients
can automatically file state new hire
paperwork to stay compliant.
These are just some of the best
benefits of QuickBooks Online Payroll
Elite. You may be wondering when
these changes will take effect and
how they'll affect your experience.
However, before getting into the specific dates for when QuickBooks Online
Payroll Elite will be available, it's first
important to acknowledge that you
won't have to do anything on your end.
Rather than "moving" you and
your client accounts to the new suite,
QuickBooks will be releasing the new
features into your existing accounts
to make this transition as smooth as
possible.
Upon logging in for the first time
after the transition, you and your
clients will experience no disruption
to your business processes, no barriers to running payroll or filing/paying
taxes, and no data to transfer. That's
right - all of your payroll history is
already there!

FEBRUARY 2020 ■

The ProAdvisor
Spotlight is sponsored by

Here's how QuickBooks Online
Payroll Elite will be rolled out for
accountants:
If you use or plan to use Quickbooks Online Payroll for your own
firm through QuickBooks Online
Accountant, your account will transition to the new suite lineup on or after
Feb. 1, 2020.
* A ll QuickBooks Online Accountant
users will have access to QuickBooks
Online Payroll Elite for their firms
free of charge.
* If your firm currently uses TSheets,
your account will transition on or
after May 1, 2020.
As for your clients, here is their
transition plan:
* Client accounts will transition to the
new lineup on or after March 1, 2020.
More details on timing were shared
via email to clients in January.
* Client accounts will transition to the
more robust version of their existing
product to ensure the most seamless
experience. This means that those
on Enhanced (Self-Service) move to
Core, Full-Service become Premium,
and Tsheets customers also go to
Premium. Note that clients currently
on Self-Service payroll who also have
a TSheets account will transition to
the QuickBooks Premium offering, as
Premium time-tracking by TSheets
is included in this product and will
offer the best value and experience.
For information on pricing, FAQs,
and more, visit https://quickbooks.
intuit.com/payroll/. ■
* Auto payroll is available if setup for employees and
the company is complete, all employees are salaried
employees, all employees are set up on direct deposit,
bank verification, e-services is enabled, all employees
are located in the same state and the company is not a
multi-state company, and the account has not been on
hold in the last 6 months.
** If you receive a tax notice and send it to us within
15-days of the tax notice we will cover the payroll
tax penalty, up to $25,000. Additional conditions and
restrictions apply. See more information about the
guarantee here: https://payroll.intuit.com/disclosure/

www.CPAPracticeAdvisor.com

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https://quickbooks.intuit.com/payroll/ https://quickbooks.intuit.com/payroll/ https://payroll.intuit.com/disclosure/ http://www.CPAPracticeAdvisor.com
CPA Practice Advisor

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