Payroll taxes need to be paid on a regular basis. Consult your accountant or the appropriate government agencies if you're unsure about how or when to file payroll taxes.
You can use the Tax Liabilities Report to determine the taxes you owe to the government agencies. The amounts on the Tax Liabilities Report reflect the payroll tax amounts recorded on paychecks.
Once you've determined the payroll tax amounts you owe, you'll create a Spend Money transaction to pay payroll taxes to the appropriate government agencies.
In the Allocation Account column of the Spend Money transaction window, you'll enter the linked liability account you've selected to track each payroll tax. When the transaction is recorded, the liability account will be decreased by the amount you've entered for each payroll tax. For more information about linked payroll accounts see Changing payroll categories.
Click below for the step-by-step procedure:
To print the Tax Liabilities Report
To change a payroll tax's linked account
Month-end Procedures Overview - Paying payroll taxes