Good afternoon, lakeshorepilates.
With changes to the QuickBooks product coming daily, I'm sure it can feel like there's a lot up in the air right now. I just want to say thank you for your patience, and rest assured that for the time being you can operate your payroll and payroll tax like normal, when there are changes implemented, specifically to the payroll tax payments I will inform you here of what actions you will need to take.
Again, thank you for your time and patience, and I hope you have a wonderful day.
I know you’ll keep withdrawing my tax payments for payroll. My question is what options are there to defer payments through QuickBooks? I saw the federal government has a payroll deferment plan. Is QuickBooks working with the federal government on helping small businesses defer payments?
We're working directly with the IRS to implement their new bills and laws in-product so that you and your business can run smoothly during this trying time.
Thank you for your patience.
Good evening, lakeshorepilates.
I just wanted to let you know ther is an update to the QuickBooks Online product, the FFCRA has been implemented and will allow you to enter paid leave time to employees affected by COVID-19. These links will show you how to enter paid time leave due to Coronavirus if anyone was effected.
- Pay Employees under the Family First Coronavirus Response Act
We are still working tirelessly to get updates on all of our products and they will be coming very soon.
I just wanted to give you an update as-to where we stand. Thank you and have a wonderful night!
I have exactly the same question as the first post. The question was not answered so I'm asking as well. I need to defer social security and medicare taxes (employer contributions) 50% so I am asking how to do this in Quickbooks or do I have to make a payment manually with the IRS?