QuickBooks Error PS058 occurs during payroll updates, often due to corrupted data or incomplete software installations. To resolve this issue, follow these steps:

1. Ensure QuickBooks and the payroll tax table are up-to-date. Regular updates can fix bugs and improve performance.

2. Verify your internet connection. A stable and secure connection is crucial for successful updates.

3. Run QuickBooks as an administrator to ensure it has all necessary permissions for operations.

4. Repair the QuickBooks installation via the Control Panel to fix any corrupted or missing files.

5. Use the Verify and Rebuild Data tool to check and fix any data integrity issues within the company file.

If these steps do not resolve the QuickBooks Error PS058, it is advisable to contact QuickBooks support for further assistance. They can provide specialized troubleshooting and ensure your payroll updates are processed smoothly.