We just received notice that QB is changing when payroll taxes are paid, when using automated payroll services. Instead of withdrawing amounts when payments are due, they will be, effective January 1, withdrawing payments when payroll is processed. In effect, QB will have the use of my money for the, usually, three days; the amount of time between payroll paid and taxes due.
This will also be detrimental to my cash flow - for example, as a single employee Sub S corporation, I am able, at year end, to defer income to the following year.
If I opt out of automated payroll taxes, I will be responsible to manually pay and file our taxes.
As there are no good alternatives, it appears, to me, to be an attempt at extortion.
