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MichelleBh
Moderator

Deferral of Employee Social Security Taxes

Thanks for participating in the thread, @jf24.

 

As of now, our product engineer is still working on it. Please don't change anything on your employees' paycheck yet until the setup for Social Security (SS) payroll tax deferral is finished in QuickBooks Online (QBO). This way, we can guarantee you'll have the accurate payrolls. 

 

Once this is already available in QBO, here's how you can set up employee deferral in your account.

 

  1. Go to the Payroll tab on the left side. 
  2. Select the employee's name.
  3. In How much do I pay an employee section to hit the edit icon to add more payment types?
  4. Select pay types that apply to you under the CARES Act section. 
  5. Hit Done. 

 

Once done, you can now process payroll to your employees. Simply click the Run Payroll from the screen, then enter the corresponding hours and select choose either Employee Retention Credit Regular for regular hours or Employee Retention Credit Overtime for overtime hours. 

 

For more information, please check out this article: How to set up and track the Employee Retention Credit under the CARES Act.

 

Additionally, for more information about the Presidential Memorandum for deferral of employee Social security, please refer to the IRS website: FAQs: Employee Retention Credit under the CARES Act.

 

For future reference, you may check out these articles. These articles contain steps on how to set up track deferral for employers and give insights about the CARES Act. 

 

 

Let me know if you have a follow-up question. I'm always here to help. Have a great day ahead!

ChristinaTIC
Level 2

Deferral of Employee Social Security Taxes

What about people with Intuit Online Payroll? Will an email be sent out with instructions? 

Mark_R
Moderator

Deferral of Employee Social Security Taxes

Thank you for joining the thread, @ChristinaTIC.

 

Yes, once our Payroll Compliance Team implement this tax deferral order, an email will be sent to your email address associated with your company file.

 

Once you've received it, you can now set employee deferral in your Intuit Online Payroll account. Here's how:

 

  1. Go to the Employees tab, then select the employee you’d like to add the CARES Act pay types to.
  2. In the Pay section of the Employee Overview screen, select the Edit button.
  3. In the What additional ways do you pay your Employee section, select the pay types that apply to you: either the CARES Act Regular or CARES Act Overtime.
  4. If applicable, select and enter any Employer Paid Health Insurance Premium amount to be tracked on each check.
  5. Select OK.

After setting it up, you can run your payroll using the pay types you created. For more guidance, feel free to check out this article: How to set up and track the Employee Retention Credit under the CARES Act.

 

For now, you can visit our blog site so you'll be able to get the latest news about QuickBooks and what our Product Care Team is working on. 

 

Feel free to leave a reply in the comment section if you've got more QuickBooks concerns. Take care and stay safe always.

Tiffani907
Level 1

Deferral of Employee Social Security Taxes

What about for Quickbooks Desktop?  Any word on how to do it from there?

Tiffani907
Level 1

Deferral of Employee Social Security Taxes

Hi!  What about for QuickBooks Desktop?  Any word on implementation?

JenoP
Moderator

Deferral of Employee Social Security Taxes

Good day, Tiffani907.

 

We still don't have any updates for both QuickBooks Online and Desktop Payroll services. We'll definitely let you know as soon as soon as the new tax relief is available in the program. Please keep an eye for any email notifications or pop-up messages inside QuickBooks so you can immediately install the update once it's available. 

 

Make sure to run a payroll report once in a while. This will give you a quick glance of the payroll transactions that you've made so far. Just go to the Reports menu, click Employees and Payroll, and then select a report.

 

The Community is always here if you need anything else. 

dedemariemiles
Level 2

Deferral of Employee Social Security Taxes

What if we do want to participate.? 

it’s September 11, and Intuit has done nothing to address this. We have employees asking for this

dedemariemiles
Level 2

Deferral of Employee Social Security Taxes

We have employees asking for this. How much longer will we wait 

dedemariemiles
Level 2

Deferral of Employee Social Security Taxes

Same here. 

dedemariemiles
Level 2

Deferral of Employee Social Security Taxes

Please

include me in any updates 

dedemariemiles
Level 2

Deferral of Employee Social Security Taxes

Agree. Update your site please

JJohnson6584
Level 2

Deferral of Employee Social Security Taxes

What the reason for the delay?   This is not a difficult programming issue.  ADP has this implemented.   

 

Also still having problems with the new direct deposit system.  No direct deposit for a client since JULY!

 

Maybe it's time, after 15 years, to dump QB's.  Not very quick anymore!!!!!!

 

JasroV
QuickBooks Team

Deferral of Employee Social Security Taxes

This isn’t the kind of service I want you to experience, @JJohnson6584.

 

As of now, I’m unable to provide a specific time as to when the new tax relief will be available in the program. Rest assured our engineering team is working closely with the IRS to ensure you’ll have the accurate payroll data.

 

You can also check out this link for reference about the latest payroll news and updates in QuickBooks Desktop (QBDT).

 

Also, you’ll want to ensure the account used for the Direct Deposit (DD) has enough funds to avoid any delays. For more information and troubleshooting steps in fixing DD issues in QuickBooks, I recommend checking this article for reference: Fix direct deposit issues.

 

I’m always around whenever you need help with your QBDT software. Feel free to leave a reply below and I’ll answer it for you.

BurbankMetal
Level 1

Deferral of Employee Social Security Taxes

This generic response is unacceptable! QB needs to do something NOW!

JJohnson6584
Level 2

Deferral of Employee Social Security Taxes

Not sure why you're sending direct deposit funding information.  My problem with direct deposits has nothing to do with funding balances.   It has to do with the inability of your programmers to get direct deposit to work for one of my clients.   I've been on the phone with your support team four different times, for over 6 hours.  Two of your employees logged onto my computer and still could not get direct deposit set up for one of my clients. After wasting hours of my time, one of the Intuit employees finally admitted you have 27 (twenty seven!) pages of clients who have the same problem.  27 pages!  They said the programmers are working on it.  They've been working on it since June!  So I have a client that I can't process direct deposits for because your new direct deposit system isn't working.  

 

Now I'm dealing with the inefficiency of overwriting social security taxes in payroll due to your inability to implement a very simple programming change based on a law passed last month.  Your inability to get this done on a timely basis is unacceptable.  

 

DM618
Level 2

Deferral of Employee Social Security Taxes

DM618
Level 2

Deferral of Employee Social Security Taxes

sc54
Level 2

Deferral of Employee Social Security Taxes

Same here. This is taking much to long for QB to fix this. Already missed one payroll and we have another this week.

When will it be ready?!

KlentB
Moderator

Deferral of Employee Social Security Taxes

I know that this hasn't been easy for you and your business, sc54.

 

We're still unable to provide a specific date as to when the new tax relief will be available in QuickBooks Online and Desktop. Please know that our engineers are prioritizing this feature to be added as soon as possible. Additionally, we'll be sending email notifications once it has been implemented so you'll be able to update your QuickBooks.

 

For now, I encourage visiting our blog from time to time to stay current with all the QuickBooks news.

 

If you need some reference in completing your other tasks in QuickBooks, feel free to check our articles here.

 

I'm just a post away if you have further questions or any other concerns. Stay safe and healthy.

phast
Level 2

Deferral of Employee Social Security Taxes

I would like to know this as well!

phast
Level 2

Deferral of Employee Social Security Taxes

Can we at least get an ETA... I understand that you don't have a specific date, but can we expect this in September or October?

John-MPD
Level 2

Deferral of Employee Social Security Taxes

Why do you keep posting the "latest payroll news and updates" link when that last update was from JULY!!!!????

 

How is this helpful?

 

This is ridiculous. We are two weeks into the mandatory tax deferral with no way to comply with it! What am I supposed to do with my employees???

John-MPD
Level 2

Deferral of Employee Social Security Taxes

The blog you keep referencing is TWO MONTHS OLD. How exactly is that helpful?

We cannot comply with a Presidential Executive Order because of the ineptitude of Intuit here.

What am I supposed to do for my employees?????

 

GKN
Level 1

Deferral of Employee Social Security Taxes

Just adding my name to the ineptitude of QB "Engineers" who have not gotten this figured out and it is 17 days into when we should've been able to implement this.  It isn't like it came out of left field.  It's been discussed for months.  Come on QB!  We pay quite a bit of money for this service to be updated and current. 

Elivoo
Level 2

Deferral of Employee Social Security Taxes

I have QuickBooks Desktop Pro Plus 2020 (which I love) and one employee that qualifies for the Social Security Deferral (employee portion) that came into effect Sept 1st.  Payroll is supposed to be done tomorrow.  Can you PLEASE tell me how to handle her check????

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