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2024-11-20T13:28:13Z
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!
Tammie
2024-11-20T13:30:25Z
Thank you for contacting us. ezPaycheck does not support the yearly pay period. Below is the solution.

1. You can choose the monthly pay period.

Select pay period
https://www.halfpricesof...re/change-pay-period.asp 

2. You can create 12 paychecks, one paycheck for each month, to calculate the payroll taxes.

Add paycheck
https://www.halfpricesof...e/paycheck-add-print.asp 

3. If you do not want to write 12 paychecks, you can write one check only at the end of year by using the MISC check feature.

MISC check feature
https://www.halfpricesof...zPaycheck_misc_check.asp 

Please feel free to contact us if you still have any questions.
If you have further questions, please contact us directly at services@halfpricesoft.com
Small business payroll & tax software solution
http://www.halfpricesoft.com