I appreciate you contacting our support team, jkcpa1. I understand that staying compliant with employment tax laws and regulations is crucial to avoid potential fines and penalties. In your case, it would be best to seek assistance from a tax advisor or accounting professional.
QuickBooks provides a way to track and report payroll taxes and deductions. However, adding payroll items for the uncollected FICA and Medicare taxes for tipped employees isn't possible. Alternatively, you will need to report this manually outside QuickBooks.
You might also want to learn how to set up your employees as exempt in QuickBooks once they meet the specific requirements. This way, they won't have any Federal or State Withholding taxes deducted from their paychecks.
Accurate tracking and reporting of FICA and Medicare taxes for your employees can keep accurate and up-to-date records. The best course of action is to consult a tax advisor, jkcpa1.
