I have a related, ongoing question. My company as a small employer has no Employer tax liability: only employees have to pay the PFML portion. The liability/premiums are withheld each payroll period. However, WA's ESD calculates the premiums due each quarter on total payroll for the quarter. Due to rounding, each quarter the total premium amount due to the state is a few pennies different from the total amount of premiums withheld during the payroll processing. What's an easy way to adjust the payroll liability so what shows in QuickBooks is the same as what I pay the state? Since the employees had the correct amounts withheld each payroll, the company is paying the additional few pennies each quarter. Right now, I record what I pay the state so QuickBooks shows the few pennies as an overpayment. THANKS!
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