Does anyone use quickbooks onine payroll, if so or even if you dont can you read and advise please?

[iden]

okay so im signed up for th $39.99 the online plus i spoke with their chat rep today, this is what i need.
i own the company but was told if i work for the company b the irs that i have to become an employee and pay myself a wage. now i live in WA. everyone under me is a contractor and they are a contractor with a 1099. i need something to track all wages to myself and my 1099's and calculate my taxes and also business taxes on my business net income. im not good with taxes in other words. i was told if i go on there top package for 62$ a month that i would be able to have pay roll and it will automatically do my taxes and file them for my w-2's as well and track 1099 information and if i want quickbooks to report my 1099 at the end of the year it would be $39.99 as it cost to get the paper to file the 1099 to go to the irs is that true. im a new company so im trying to stay within a cost limit untill i understand how all this works fully. whilst also work for my own company. so im already nearly pulling my hair out at this point.

i want to pay my 1099 direct depoist but they said their payroll does not support paying non payees which is fine i will just pay them direct deposit via my business online banking.

i guess im looking for any suggestions, what will be best for my company as far as keeping records and doing taxes and withholdings for myself as an employee as well as trying to understand what will my business be taxed per year for business tax....

also in WA you have to pay federal tax, SSN, and now im hearing about workers compensation tax?? i know there is no state tax in WA....can you provide any information to help me understand please

[abelard29]

" own the company but was told if i work for the company b the irs that i have to become an employee "

WHAT KIND OF ORGANIZATION?

If this is a sole proprietorship, you CANNOT be an employee. You CANNOT receive a traditional paycheck on payroll. You must file 1040-ES (Estimated tax payments) quarterly.

If this is an LLC, LLC's are a "disregarded entity" by the IRS. This means the IRS does NOT recognize them unless they 'elect" to be treated as a corporation. A single member LLC defaults to a sole proprietorship (see above).

If this is a corporation (XYZ, Inc. or ABC Corporation), then you MUST be an employee and pay yourself a salary commensurate with your position. In other words, you cannot take a salary of $10K and "distributions" or "dividends" of $20K.

Since you need to do your books (Receivables, Payables, checks, etc), I recommend using an accounting program like either Peachtree (my preference) or Quickbooks. Either can track your 1099 vendors and produce 1099s at the end of the year. Payroll and Contractors are 2 different things. Most payroll services can pay contractors and prepare the 1099's, but it's a separate service.

And you can use Quickbooks online payroll to do your own.