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Level 2

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

 
11 Comments
Level 1

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

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QuickBooks Team

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Hi, rbborgen. 

 

At this time, our engineers are working day and night to implement the ability to defer employer social security per the COVID-19 regulations. If you could, monitor the posts below as they are updated regularly with new information that pertains specifically to you and your business. 

 

Thank you for your patience during this difficult time. 


- What you need to know about the Families First Coronavirus Response Act
This article highlights FFCRA


- How to pay employees under the Families First Coronavirus Response Act
This article pertains specifically to QBO and how to pay employess under the FFCRA


If you have any other questions or concerns. Feel free to post them here. 

Level 3

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

I called in to support the other day as well about this...it's imperative to get this fixed asap and establish a process to get corrections made for prior pay periods. Or provide guidance on exactly how this will be rectified. 

Level 1

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

 
QuickBooks Team

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Thanks for joining us here, s_mcleod.

 

Our engineers and compliance team are still working on getting the option to defer Social Security taxes when paying the 941 taxes. According to the latest bulletin, QuickBooks will be rolling out updates in the next few weeks to ensure you’re compliant and use these credits correctly.

 

Please take a look at the articles that were shared in the previous responses for more information.

 

Visit us again if you need anything else. 

Level 1

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Any feedback as to when we can expect an update on this issue in QB?

QuickBooks Team

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Hello, @ajay4926

 

Over the weekend, our Engineering team released articles that show you how to defer the Social Security tax payment. This will allow you to postpone the payments that accrue from March 27, 2020, through, and including, December 31, 2020. The steps below will show you how to defer the payments for QuickBooks Online Payroll:

 

  1. Go to the Gear icon and click Payroll Settings.
  2. Under the CARES Act section, choose the Employer Social Security deferral link.
  3. Check the box next to I want to defer my employer portion of Social Security, and then press OK.

 

Now that your employee's tax payments are deferred, you can get back to running your business with ease. You may find this article about tracking your deferral payments helpful too.

 

I'm only a few clicks away if you have any other questions. Take care.

Level 3

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Is this only referring to the CARES act provision for the deferral of social security tax, but NOT to the Families First Coronavirus Response Act (FFCRA)? There was a problem where those paid leave wages were calculating employer social security tax incorrectly. Will that be fixed??

QuickBooks Team

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Thanks for following up on this thread, @UMDJeremy

 

That's a great question. As of right now, the deferral of social security is available for the CARES act provision and FFCRA specifically. 

 

For the time being, I'd like to provide a few articles about the Family First Coronavirus Response Act (FFCRA) that may be helpful. You can check them out here: 

 

Feel free to follow up with me if you have any more questions or concerns. Have a good rest of your day!

Level 3

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Thank you, so on my 4/15 payroll, I noticed a problem with the FFCRA credits, no tax credit was being generated for Employer's share of Medicare tax on the paid leave and QBO payroll was calculating employer social security tax on the paid leave when this wasn't supposed to occur. I do see that this has been fixed if I try to run a payroll now (I called support and apparently many others did too). However how can I get the 4/15 pay period fixed? Do I need to call full service payroll support to have them do a payroll tax correction?

QuickBooks Team

How can I pay federal employee taxes and deffer the employer's social security taxes per the new COVID-19 regulations?

Thank you for reaching back to the Community. As much as I love to help you, UMDJeremy, Since, this is a public forum, and we don't have access to pull up your account for security purposes.     

 

I recommend contacting our Payroll Support Team, as they have the tools to pull up your account in a secure environment and to do payroll correction. 

 

Due to the outbreak, we have limited staffing and have reduced our hours to 6:00 A.M. -6:00 P.M. PT Mon-Fri and some products will only have chat support during this situation.  Rest assured, we will resume normal hours as soon as possible. 

 

Here's how to contact our support team:  

 

  1. Sign in to your QuickBooks Online company.
  2. Go to Help (?).
  3. Select Contact Us.
  4. Enter your concern, then select Let's talk.
  5. Choose a way to connect with us. Message an agent or Get a callback.  

 

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You can also use this link to connect with us through chat messaging: Full Service Payroll Chat support

 

Please take note that it may take a few minutes to connect with our agents as we are receiving a high volume of calls and messages.    

 

Please let me know if you have any other issues or concerns. I want to ensure everything is taken care of for you. Have a great day!

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