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March 4, 2022
Question

Employee retention credits expired 9/30

  • March 4, 2022
  • 1 reply
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Employee Retention Credits expired on September 30, 2021. According to Intuit's own statement, "If you’re not a Recovery Startup Business, any credits you took on Federal tax payments for paychecks dated on or after October 1, must be paid to the IRS no later than the following dates. These are based on how often you’re required to pay your regular Federal taxes: Semi-weekly depositors: January 5, 2022 Monthly depositors: January 15, 2022 If your credit amount is $100,000 or more (with or without any additional taxes also due): January 3, 2022 During the week of December 20, 2021, we’ll recalculate any credits taken. This will create an amount due. Paying the amount due depends on your payroll product." If you use QuickBooks Online Payroll Core, Premium, or Elite with Automate taxes and forms on, or Intuit Online Payroll Full Service, we’ll pay this for you by the due dates above. However, this was NEVER DONE, so now my 4th quarter 2021 and my 1st quarter 2022 are both incorrect. Right now ,my st 1st quarter 2022 941 will not be correct unless all adjustments/corrections are done!

1 reply

JessT
JessT
March 4, 2022

 Hi there,

 

I really appreciate your effort to post your scenario in detail. However, I recommend contacting our QBO Payroll Support about this matter, so that they can thoroughly check your employee's retention credits. They can request a screen-sharing session, so both you and the agent are looking at the same record while making changes.

  1. Click on Help and select the Search tab.
  2. Choose Contact Us at the bottom.
  3. Enter something like Employee retention inquiry and click Continue.
  4. Choose Chat or Callback. These options are available during the support's office hours.

 

On the other hand, if you're into reading articles about QBO Payroll, you can visit the main support page, scroll down a bit, and click More Topics.

 

Please don't hesitate to reach back out if you have other queries about payroll. Take good care always!

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