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Community Contributor **

Payroll Liability Payments

What is the best date to use for bi-weekly IRA payroll liability payments using Enhanced Payroll with no Bank feed for the payment?

Also, I underpaid one pay period, but paid the difference in the next pay period. The amount underpaid is still showing as overdue. How do I fix that?

Solved
Best answer 08-27-2019

Accepted Solutions
Moderator

Re: Payroll Liability Payments

Welcome to the Community, @JacWhit.

 

To answer the first question, If you're required to make a payment several days after running payroll, the IRS considers it a semiweekly basis. You can select the After Each Payroll (Semiweekly) option from the Payment (deposit) frequency drop-down when setting up a scheduled payment.

 

Here's how:

 

  1. Click the Employees menu located at the top to get to the Payroll Center and Payroll Liabilities tab.
  2. Tick Change Payment method under Other Activities section at the bottom.
  3. Proceed to the Schedule payment and pick the tax liability, then hit Edit.
  4. On the Payment (deposit) frequency drop-down, choose After Each Payroll (Semiweekly).
  5. After that, select Finish, then Finish Later.

 

As for your second question, if the tax liability is still showing as overdue after paying the difference, edit the liability period on the checks to cover both periods.

 

Here's how:

 

  1. Go back to the Payroll Center, then select the Transactions tab.
  2. Double-click the liability check and edit the liability period to cover both periods (overpaid and underpaid).
  3. Once done, choose Save & Close.

 

For additional information, consider checking out these articles:

 

 

Please know that I'm a post away if you have any other issues or concerns. I'll be more than happy to help. Have a great day!

QuickBooks Team

Re: Payroll Liability Payments

Hi there, @JacWhit.

 

I appreciate you going through the steps provided by my colleague above and for providing additional information. Let's edit the payment frequency of your IRA payroll liabilities to set them on a weekly basis. Let me guide you how.

  1. Go the Employees menu and select Payroll Center.
  2. Select the Pay Liabilities tab.
  3. Click Change Payment method under Other Activities.
  4. Tick Benefit & Other Payments and proceed to Scheduled Payments then click Edit.
  5. In the Payment frequency, tick Weekly, on. This way, it will due the following week after you run payroll.
  6. Click Finish.

You can also check this article for additional information: Set up and pay scheduled or custom (unscheduled) liabilities.

 

Also, you can always visit our Help articles page for QuickBooks Desktop in case you want to learn some tips on managing your account.

 

As always, don't hesitate to reach out to us if you have other concerns. We're always here to help.

4 Comments
Moderator

Re: Payroll Liability Payments

Welcome to the Community, @JacWhit.

 

To answer the first question, If you're required to make a payment several days after running payroll, the IRS considers it a semiweekly basis. You can select the After Each Payroll (Semiweekly) option from the Payment (deposit) frequency drop-down when setting up a scheduled payment.

 

Here's how:

 

  1. Click the Employees menu located at the top to get to the Payroll Center and Payroll Liabilities tab.
  2. Tick Change Payment method under Other Activities section at the bottom.
  3. Proceed to the Schedule payment and pick the tax liability, then hit Edit.
  4. On the Payment (deposit) frequency drop-down, choose After Each Payroll (Semiweekly).
  5. After that, select Finish, then Finish Later.

 

As for your second question, if the tax liability is still showing as overdue after paying the difference, edit the liability period on the checks to cover both periods.

 

Here's how:

 

  1. Go back to the Payroll Center, then select the Transactions tab.
  2. Double-click the liability check and edit the liability period to cover both periods (overpaid and underpaid).
  3. Once done, choose Save & Close.

 

For additional information, consider checking out these articles:

 

 

Please know that I'm a post away if you have any other issues or concerns. I'll be more than happy to help. Have a great day!

Community Contributor **

Re: Payroll Liability Payments

This is an IRA liability (Benefit), not a tax liability.

I do not see a choice for After Each Payroll (Semiweekly).

Am I missing it?

Community Contributor **

Re: Payroll Liability Payments

 
QuickBooks Team

Re: Payroll Liability Payments

Hi there, @JacWhit.

 

I appreciate you going through the steps provided by my colleague above and for providing additional information. Let's edit the payment frequency of your IRA payroll liabilities to set them on a weekly basis. Let me guide you how.

  1. Go the Employees menu and select Payroll Center.
  2. Select the Pay Liabilities tab.
  3. Click Change Payment method under Other Activities.
  4. Tick Benefit & Other Payments and proceed to Scheduled Payments then click Edit.
  5. In the Payment frequency, tick Weekly, on. This way, it will due the following week after you run payroll.
  6. Click Finish.

You can also check this article for additional information: Set up and pay scheduled or custom (unscheduled) liabilities.

 

Also, you can always visit our Help articles page for QuickBooks Desktop in case you want to learn some tips on managing your account.

 

As always, don't hesitate to reach out to us if you have other concerns. We're always here to help.

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