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Payroll Compliance Update for CA Companies with 5-50 Employees

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Hi all!me.jpg  My name is Blase, and I work at Intuit on the QuickBooks Payroll products. I'll be posting regular updates about new payroll compliance rules & regulations, what's new in the QuickBooks payroll products and opportunities to participate in research sessions with the product teams. Outside of work, you can find me working on my fear of heights by rock climbing or keeping in shape by lifting and running while listening to podcasts or fantasy audiobooks.

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Blase from QuickBooks here with a payroll compliance update for California based companies with 5 to 50 employees. If you have five (5) or more full or part-time California employees then you must offer a retirement plan by June 30, 2022The goal of this requirement is to encourage people to save for their retirement.  While this does add complexity to you as an employer, QuickBooks is here to help.  We have options that can assist your business, including a 401(k) option that's integrated into QuickBooks Online Payroll Core, Premium and Elite.


If you're using QuickBooks Online Payroll Core, Premium, or Elite, there are multiple options for you to choose from including the state-sponsored plan (CalSavers) or a private 401(k) plan we offer through our partner, Guideline.


The benefits of the 401(k) plan, offered through our partner Guideline in QuickBooks Online Payroll include:

  • Direct integration with payroll for seamless deductions
  • The opportunity to take advantage of up to $5,500 of tax credit per year for three years, making paying for the play very low cost
  • Higher contribution limits than an IRAe
  • Ability for Employer match
  • Lower costs to employees
  • More investment options




To check out the plans:

  1. Log into your QuickBooks Online Payroll product
  2. In the left navigation select "Payroll" -> "Benefits"
  3. Go to the 401k section and select "Find my plan"

New California Retirement Requirements for Companies with 5-50 Employees
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    Here's our help article about how to set up state-mandated retirement plans in QuickBooks Payroll.

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