How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask BK-CPA Your Own Question

BK-CPA
BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 799
Experience:  Owner of a CPA firm
36384704
Type Your Tax Question Here...
BK-CPA is online now
A new question is answered every 9 seconds

I am a newly appointed treasurer for St. Peters UMC

Resolved Question:

I am a newly appointed treasurer for St. Peter's UMC in Emerald, PA and have several questions that follow here. 1. What are the 2012 percentages for PIP, Medicare Company/Employee (Fed Tax), Social Security Company/Employee (Fed Tax), PA State Unemployment, and Medicare Employee Additional Tax. 2. If I activate the Update 2013 info for License , Product 446-682, will there be a charge coming our way in Quickbooks? 3. Will this upgrade affect all percentages? 4. How do I set up just one percentage for salary and not for housing?

Submitted: 1 year ago.
Category: Tax
Expert:  Lindie-mod replied 1 year ago.

Hi,
I'm a moderator for this topic. I've been working hard to find a Professional to assist you with your Tax, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.

Thank you!
Lindie
Expert:  BK-CPA replied 1 year ago.

Hello and thank you for your questions.

.

2012 rates are not the same as 2013 rates. I assume you mean 2013, so I will give you both:

.

Social security - employer, 2012 & 2013: 6.2%

Social security - employee, 2012: 4.2%

Social security - employee, 2013: 6.2%

.

Medicare - employee, 2012 & 2013: 1.45%

Medicare - employer, 2012 & 2013: 1.45%

.

PA unemployment: See your Form UC-657 or contact the PA Dept. of Labor and Industry. The rates change from year to year and your state just changed its unemployment laws too (Act 60 amendments to the PA UC law). However, this assumes you have elected to pay state unemployment taxes as a religious organization. You do not have to, though some religious organizations choose to so their employees are covered.

.

PIP means personal injury protection (an extension of car insurance) as far as I know, and is mandatory in Pennsylvania. Check with an insurance company as the rates are proprietary.

.

The Update to 2013 feature in QuickBooks will update the software to QuickBooks 2013 for a fee, yes. You probably just need to renew your payroll subscription, but if your software is too old, then you will have to update to a newer version of QuickBooks to keep your payroll subscription current. Note that QuickBooks sells payroll subscriptions and copies of QuickBooks separately, so do not assume you are renewing your payroll subscription because you update to QuickBooks 2013.

.

Updating your payroll tax tables after renewing your payroll subscription will update the payroll tax rates in QuickBooks.

.

QuickBooks uses payroll items, under "Lists," as drivers for paychecks. Each form of income (salary, wages, housing, etc.) and deduction (fed withholding, state withholding, Medicare, social security, etc.) will have its own payroll item. By editing payroll items, you are able to control their tax treatments, which accounts they map too, etc. You should set up a payroll item for housing and a payroll item for salary.

.

As a QuickBooks ProAdvisor with experience doing the accounting for religious organizations, I strongly suggest you get some professional consulting if you are a newly appointed treasurer and your current system of bookkeeping and financial reporting has flaws in it. A nice system of reporting will have your payroll taxes calculated and paid properly, will record restrictions on net assets (very important for a church), and will produce quality financial information for the Board. QuickBooks itself is not designed for religious organizations and is tricky for running member contribution statements and tracking restricted net assets.

.

I hope this is helpful. Good luck!

BK-CPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 799
Experience: Owner of a CPA firm
BK-CPA and other Tax Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
< Last | Next >
  • I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response... T.G.W Matteson, IL
  • I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight. Bonnie Chesnee, SC
  • Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation. John Minneapolis, MN
  • Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with. Orville Hesperia, California
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
 
 
 

Meet The Experts:

 
 
 
  • Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
< Last | Next >
  • http://ww2.justanswer.com/uploads/KU/KUMI95/2013-9-30_195031_kumar.64x64.jpg Wallstreet Esq.'s Avatar

    Wallstreet Esq.

    Tax Attorney

    Satisfied Customers:

    570
    10 years experience
  • http://ww2.justanswer.com/uploads/CU/Cuttinggirl/2011-10-29_03719_wcrop2.64x64.jpg Wendy Reed's Avatar

    Wendy Reed

    Enrolled Agent

    Satisfied Customers:

    3052
    15+ years tax preparation and tax advice.
  • http://ww2.justanswer.com/uploads/CATax/2009-08-04_204548_Mark.jpg Mark D's Avatar

    Mark D

    Enrolled Agent

    Satisfied Customers:

    985
    MBA, EA, Specializing in Business and Individual Tax Returns and Issues
  • http://ww2.justanswer.com/uploads/IN/insearchoftheanswer/2013-8-16_0233_attorney.64x64.jpg Richard's Avatar

    Richard

    Tax Attorney

    Satisfied Customers:

    3229
    29 years of experience as a tax, real estate, and business attorney.
  • http://ww2.justanswer.com/uploads/MY/MyVirtualCPA/2012-7-5_44024_cookmegan1.64x64.jpg Megan C's Avatar

    Megan C

    Certified Public Accountant (CPA)

    Satisfied Customers:

    6121
    Licensed CPA, CFE, CMA who teaches accounting courses at Master's Level
  • http://ww2.justanswer.com/uploads/JG/jgordosea/2012-6-7_43138_GordosVeritas.64x64.jpg jgordosea's Avatar

    jgordosea

    Enrolled Agent

    Satisfied Customers:

    2783
    I've prepared all types of taxes since 1987.
  • http://ww2.justanswer.com/uploads/OZ/ozaukeecpa/2012-6-7_193219_Picture1croppedandshrunk.64x64.jpg MequonCPA's Avatar

    MequonCPA

    Certified Public Accountant (CPA)

    Satisfied Customers:

    2231
    CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.