Thank you for posting here in the Community, @jacquithemaids.
Let me share some information about setting up Employee Retention Credit under the CARES Act.
With QuickBooks and Intuit Online Payroll, you can ensure your employees get paid if you are eligible for the provisions found under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
However, Employee Retention Credit can only apply to wages through hourly or overtime hours. Any additional wages earned wouldn't apply toward the credit.
To make sure that this has been set up correctly, I recommend contacting our Payroll Support Team. They can check to help you with this concern.
I'd like to link you to your similar post where my colleague answered and gave further information. Please check this link for your reference. Employee Retention Credit.
You can also use this article for more information about setting up and tracking Employee Retention Credit. How to set up and track the Employee Retention Credit under the Cares Act.
Please feel free to fill me in if you need further assistance. I am always here to help. Keep safe.
Actually, the IRS website says if you have under 100 employees, ALL wages including pre-existing time off policy wages paid are eligible wages (https://www.irs.gov/newsroom/covid-19-related-employee-retention-credits-determining-qualified-wages... section 56). However, I was not referring to paying the wages under the ERTC -- I was referring to the accrual of time off, not use of it. My employees' time off is not accruing in their time off banks as they get paid now that I am using the ERTC hours format for paying them -- their time off bank on their paystubs have not changed for several weeks.
Hello there, jacquithemaids.
Thanks for adding clarifications to your concern. The system has detected a duplicate post similar to your issue about your employees' time off not accruing.
I'd like to inform you that one of my colleagues already responded to that. Let me route you to the said post by clicking this link.
Keep me posted for additional questions or other concerns. I'd be more than happy to help. Wishing you the best of luck.
the state of maine has enacted a new law starting 1/1/21. employers now have to pay (paid time off) to employees at a rate of 1 hour for every 40 hours worked. how do i do this in quickbooks so it calculates the time automaticly
Good morning, @karl831.
Thanks for following the thread. I'm happy to provide some insight into adding the new PTO rate in QuickBooks.
When receiving new laws that affect the flow of your business, it can be a little frustrating adjusting to the change. But don't sweat. You can make this change in just a few simple clicks. To add the new PTO rate, you'd need to enter the PTO manually. When adding the PTO manually the first time, it will automatically set up for future pay. I've included the steps below to do this.
That's all there is to it! Check out Set up and track time off in payroll for more details about manually adding the PTO.
Please let me know if you have any questions about this process. I want to ensure you receive the help you need every step of the way. As always, you can reach out to the Community at any time. Take care!