cancel
Showing results for 
Search instead for 
Did you mean: 
cornerstoneabstr
Level 1

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

 
5 Comments 5
MJoy_D
Moderator

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

I can help you address this Notice of Assessment, @cornerstoneabstr.

 

Intuit only handles forms 941, 940, W-2, state unemployment insurance, state withholding tax, and local withholding taxes.

 

I suggest contacting California Employment Development Department. This is to ensure you're compliant with state payroll tax regulations. Then be able to address this notice accordingly.

 

Check the following article to get your agency’s contact information: California Payroll Tax Compliance. Also, the following link on what to do if you receive a tax notice

 

I’m always here if you have follow-up questions. I’m always here to assist. Have a great rest of the day!

andersonlaw
Level 1

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

My office received a Notice of Assessment which shows we owe an additional amount for "employment tax."  We can pay it but where do I input the info on Intuit? Why would there be a discrepance anyway?

Thank you.

Ryan_M
Moderator

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

The Notice of Assessment is an official notice from the EDD when they determine that one or more of your workers classified as independent contractors should have been employees, @andersonlaw.

 

You can refer to this online PDF file from the EDD to know how to proceed: EDD Information Sheet.

 

I also suggest you keep this article for future reference: What to do if you receive a tax notice. It's a detailed guide on the steps you can take whenever you receive a tax notice. 

 

Tag me in a comment below if you have other questions about the Notice of Assessment. I'll be around to help you out. 

andersonlaw
Level 1

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

Thank you for the response.  I spoke to a representative at EDD who told me that the assessment is due because the unemployment tax was not properly calculated and we did not pay enough.  I will send a check to the EDD; however, how do I input this amount into the Intuit payroll system so that future tax reports are correct?  Thank you.

MaryLandT
Moderator

How do handle this "Notice of Assessment" I received from the EDD? Do I e-mail a copy to some QBO person? All of my taxes are computed and paid through QBO, so what gives

Let me guide you through the steps on how to keep your tax report accurate, andersonlaw.

 

You need to update the EDD rate in QuickBooks whenever the State Unemployment Insurance (SUI) changes. Doing this will keep your SUI tax liability accurate. 

 

Let me show you how:

 

  1. Click the Gear icon at the right top, then select Payroll Settings.

  1. Select the state you want to edit.
  2. Click Change or add new rate.
  3. Enter the rate and effective date, then click OK.

 

After making the changes, QuickBooks will retroactively adjust your payroll liabilities. You can either see an overpayment or underpayment. 

 

If there's an underpayment, you can pay it in QuickBooks. Or pay it directly to your state, then manually record the payment in QuickBooks.

 

If there's an overpayment, you can contact your state unemployment agency to confirm that the tax was overpaid. This way you'll be given options whether to apply the credit to future debt or refund it to your account.

 

I'm adding this link to keep track of your payroll statements in QuickBooks: Run payroll reports.

 

Don't hesitate to leave a comment below if there's anything else yo need concerning payroll. I'm always around to help you.

Need to get in touch?

Contact us