Company Social Security not calculating for employee correctly

cafagan · ‎August 30, 2021

Hello,

I have an employee who's company social security is not calculating correctly. She used FFCRA pay during this current quarter. I paid the company social security amount to reflect the employer contribution, but had not updated the setting in the payroll item initially. (I have since done that, so it does withhold the company portion correctly). I did a payroll adjustment in payroll liabilities to adjust her withholding to reflect the amount paid, but it's still calculating the employees company withholding as if it had not been paid. Any suggestions on how to correct this?

Rubielyn_J · ‎August 30, 2021

It's a pleasure to have you here, @cafagan. Let me share with you some information about correcting the social security of an employee in QuickBooks.

Employers can no longer defer the employer portion of Social Security taxes on paychecks dated on or after January 1, 2021. Also, employers are responsible for tracking and submitting the deferred payments.

For detailed information about this, please review this article: Track your deferral payments for Social Security tax payments.

Additionally, let me attach this link to help you understand how the Coronavirus Aid, Relief, and Economic Security (CARES) Act affects your payroll.

Keep me posted if you have other questions about managing and tracking social security in QuickBooks. I'll be happy to assist you again.

cafagan · ‎August 30, 2021

Thank you for sharing the information. I really just looking how to fix the employee's withholding so it calculates correctly.

Topics

Training

Community

Resources

Company Social Security not calculating for employee correctly

Company Social Security not calculating for employee correctly

Company Social Security not calculating for employee correctly

Need to get in touch?