Intuit using our money to earn interest by withdrawal of tax payments at time of payroll

I hear your sentiment about the changes in QuickBooks Online's (QBO) automated payroll tax withdrawal affecting your finances, @SGerhart.

I'm here to share details about these changes that will take effect on October 1, 2024, and how to send your feedback in QBO.

For more control over your payroll tax management, I agree that it would be best to manually pay and file your taxes by turning off automated taxes in Payroll Settings. This flexibility allows managing tax funds in a way that best suits your business.

I can see how these changes impact your business's cash flow. Based on the Terms of Service, specifically in the Payroll Services section, there's no statement that Intuit will earn interest holds for payroll tax payments. I encourage sending feedback highlighting your experience of these recent changes for now: 

1. In your QBO account, go to the Gear icon.
2. Select Feedback.
3. Enter your comments or product suggestions.

For future reference, let me add this article about updating your payroll schedules in QBO: Set up and manage payroll schedules.

We'll be here in the Community if you have further questions about the changes in automated tax payments in QBO Payroll. We'll do our best to assist.

Yea, it's an obvious money grab by Intuit, so they can sit on your money for sometimes months and collect interest.