The owner of the company is going to have to take a paycheck in the next week or so. He has not been paid all year. This will be his 1st and only paycheck for the year. I don't know how to "set him up" in EZ paycheck to get paid like this.
The software will need to be told that this is the only check he will be getting this year and therefore the software will need to take this into account when calculating all the taxes and other payroll items (SS, MC, FAMLI, etc.).
Is there a way I can set this "employee up to get paid once a year? QBs would allow me to pay employees weekly, monthly, quarterly, and/or annually and then the software would calculate the taxes correctly.
What if I want to pay him quarterly come next year? Is there a way I can set him up so the software calculates his taxes based on being paid quarterly?
To experiment, I set him up as "salary" and it did not calculate his take-home pay or taxes correctly.
Please LMK if EZ paycheck can be set up to pay employees other than just weekly and if so how.
Thanks!