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dan-gillig-c8af
Level 1

Why is QB withdrawing payroll taxes from my checking account a week before they are due?

 
2 Comments 2
Mich_S
QuickBooks Team

Why is QB withdrawing payroll taxes from my checking account a week before they are due?

I can provide information on why payroll taxes are withdrawn before the due date, @dan-gillig-c8af.

 

You can save a lot of time if Intuit file and process your tax payments. We manage federal, state, and local payroll taxes for you. QuickBooks will normally deduct payroll tax payments from your account prior to the due date to ensure that you pay your taxes on time.

 

Tax payments will vary if you choose to either pay and file federal and state payroll taxes yourself or if you choose to have us pay and submit them in behalf of you.

 

Follow these to review on how your payroll tax payment is set up:

 

  1. Click on the Settings ⚙️ icon.
  2. Then, hit Payroll settings.
  3. Go to Taxes and Forms.
  4. Click on the pencil icon to check if your set up for Automated taxes and forms or not.

 

If you need extra help about your payroll tax set up, I suggest contacting our Payroll Support team. They'll be able to look into this further and give you more information about it.

 

In addition, let me also add this guide to learn more about keeping track of payroll transactions in QuickBooks: Run payroll reports.

 

Feel free to loop me in if you have additional concerns with payroll. You can also include concerns with QuickBooks in general. I'm always ready to help you further. Take the best care!

jvaalburg
Level 1

Why is QB withdrawing payroll taxes from my checking account a week before they are due?

So you are going to start making interest on the float while you hold the tax due for up to 4 weeks before it needs to be paid. Are you renumerating us by reducing our prices because you now have this additional income stream? 

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