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Quickbooks desktop payroll ffcra |
Quickbooks desktop payroll ffcra
QuickBooks desktop payroll - intuit posted guidance to track paid leave under the new FFCRA guidelines by setting up a new payroll item which they said to set up as an expense. The Treasury guidance is that this pay is subject to all taxes and will be considered wage income to the employee. From the employer standpoint they will match the 1. The credit amount will be the gross wage plus the 1. I don't believe the intuit guidance on how to set this up is correct.
Is Intuit planning on fixing their response and providing a new payroll update to track this or are we on our own? We recently released an update on how to track paid leave and sick time due to the coronavirus. Rest assured that during this chaotic and difficult time, we are working diligently to make sure everything is operating as smoothly as possible.
Using the link that you provided I set up the accounts and the payroll item as directed. This money will be considered wages to the employee and a wage expense of the employer. The credit that is taken for the wage and medicare match will be considered income to the employer. Please direct this to the programmers.
In my opinion the set up is not right. Also, if I run sample paychecks now, I can see that for the federal tax deposit I am not getting any credit for the paid FFCRA leave, for Employer Medicare taxes, or for health insurance credits.
These should be showing up as credits against the amount of tax due with my regular tax deposit, and they are not. Can you please address these issues as the most recent update does not address them.
Thank you. Hello there, CHP 1. Allow me to join the thread and help share a little more information about your concern, so you can run payroll and review your taxes in QuickBooks. Since you already identified what pay leave types that you will use for your employee's situation. Let's enter the paid leave type in your payroll, here's how:.
Then, run the payroll and include the paid leave type on the paycheck to track your tax credits, so you'll get compensated:. Once done, review the payroll that you've created.
To make sure that you've tracked it correctly you can run these payroll reports, it includes your tax credit:. You can browse these articles it provides updated information on what to do and know about Families First Coronavirus Response Act:. Stay healthy and be safe. I'm doing desktop payroll and these instructions may be for online? I've tried this a couple of times after setting up the payroll items as described in the instructions, including a payroll item for health insurance credits.
When I go to pay scheduled liabilities, the system is not applying any credits to the FIT, Social Security and Medicare reported on the paychecks. And the system is also reporting employer Social Security expense on the paychecks equal to the employee portion, when it should not be reporting any employer Social Security for amounts paid using the FFCRA pay types.
Sorry, I'm doing desktop payroll and these appear to be instructions for online? I've attempted this a couple of times using the instructions to set up the payroll items, including health insurance credits, and the "new tax item", but this is not working. When I create paychecks, one of which includes the FFCRA payroll items, and review the scheduled liability payment for federal taxes, there is no credit for either the sick leave or health insurance.
Also, on the paycheck with the FFCRA payroll items, employer social security is being recognized as an expense and employers are not required to pay social security tax on FFCRA leave payments. Thanks for getting back to us, CHP 1. Yes, you're right the steps provided above are for QuickBooks Online Payroll. Let me help share information on how to do it in QuickBooks Desktop. Since you'll already know the applicable paid leave to your employees, you can set these accounts to track the eligible wages to use the tax credits later on.
Follow the steps below:. Then, we can set up your payroll items and new tax item to make sure you're tracking the tax credits. Just proceed to step 3 and step 4 of this article: How to track paid leave and sick time for the coronavirus. Once done, you need to select the paid sick leave payroll item once you run payroll to generate an accurate pay for your employees. Let me know how it goes or if you have follow-up questions about this.
I'll be here and ready to help anytime. Take care always. I have followed the instructions multiple times, and it is not working correctly. First, as mentioned, Social Security is being expensed for the employer portion employers are not required to pay Social Security on these payroll items ; second, the credits for the payroll items are not posting anywhere, most importantly as a credit against the federal tax deposit that is due.
Can a programmer review this? Thanks for keeping us posted, CHP 1. I want to make sure this will get addressed right away and I'd like to redirect you to the right support. Since none of the troubleshooting steps don't work on your end, I suggest contacting our QuickBooks Customer Care Team.
They'll be able to determine the root cause of this issue and can pull up your account and do a remote session.
I am having the same issues as CHP 1. I have followed the instructions exactly. Can you please post an update here on steps the programmers are taking to correct this? Since you've already followed the steps mentioned by Joesem M. They also have the tools to pull up your account in a secure environment. You can use this link to get a quick response: Contact Support. I called Intuit and discussed their incorrect payroll set up both in not subject to employer match of 6.
I provided the IRS guidance on this topic. The response I received was the back office is now aware. They said to follow the instructions they provided and in the next few weeks they will assist to get this corrected and to apply the credits correctly.
This will not be helping us run these payrolls this week and to get the credits to reduce the payroll tax liability in order to get the advantage of the credits. Personally I plan to just hand adjust the payroll tax payment to the correct numbers and fix it later.
Good luck! Thank you for posting your update, SRowe It is so helpful to know that we're not all crazy! I would like to also add that I have been unable to find a way to list the applicable health insurance premium that should be available for the credit.
I believe we need a place under employee set up to input this amount so that the credit calculates properly on a per diem basis. It seems that every QB team member that replied was not listening to what you were saying and just immediately replied with the steps on how to setup the pay items. Setting up the pay items per the instructions is not the problem, the Intuit programming on the taxability of the pay items is wrong.
Also still not seeing any instructions or guidance on how to actually TAKE these credits against the tax payments. QBs instruction below under Step 4 is not correct So what is the correct instruction or does something need fixed??? What we'll select on the Other tax section is the User-Defined Tax from the Other tax dropdown , and then select Tax is paid by the company.
After that, we'll have to enter National Paid Leave Credit in the Name used in paychecks and payroll reports section. Then, proceed with the Agency for company-paid liability.
Select None under Tax tracking type. Once we're done with setting up the items, we can now proceed in running a regular payroll with the payroll items we selected.
After running payroll and taxes have been withheld, here's how to claim my tax credits under the Family First Coronavirus Response Act. I am having trouble with the payroll item set up for the paid leave. When I do it as per the instructions and set the new item up as an "addition" rather than a "wage" item step 3 in the QB instructions , it is not calculating any taxes at all.
Am I the only one having this issue? It can be daunting to set up all this new info, especially with all the information coming out left and right, so I would like to help you get to the bottom of your problem.
Following the steps per this article " How to track paid leave and sick time for the coronavirus " should properly set up the payroll item. Could you possibly give a step-by-step break down of whats happening? Maybe a screen shot if possible as well. Thank you in advanced for that information, it will allow us to see exactly whats going on, on your end.
I was on the phone with Tech Support for 3 hours yesterday and followed all their instructions and I knew it still didn't make sense. I ran payroll today even though I knew it was wrong. My hope is they will have this fixed by next week. I have to give the associate grace as she tried her best to help me.
Thank you for reaching out to the QuickBooks community. Try following the steps listed in the following link, If set up correctly, everything should work as desired. If it still doesn't work, can you provide me with a screen shot of the issue? That way I can see exactly whats going on. Look at the attached pdf. You can see there is a difference in the process under Step 3. When I followed the second option that says to select "neither", it worked.
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