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July 1, 2024
Question

How do I opt out of the new protocol where payroll taxes are withdrawn upon running payroll and not when they’re due? This is going to cause serious cash flow problems!

  • July 1, 2024
  • 1 reply
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1 reply

Clark_B
July 1, 2024

Hello there, @emmajay.

 

Let me help you opt out of the new protocol and provide information about the automated tax withdrawals in QuickBooks Online (QBO).

 

To start, please note that this change is being made to simplify payroll. You won't need to keep track of different taxes and payment dates, reducing the chances of missing tax payment notifications and facing unexpected withdrawals. You'll know the exact amounts needed for payroll and taxes each time you run payroll. Lastly, QuickBooks will schedule and pay taxes on time using the withdrawn funds.

 

To opt out of the new protocol, you can simply turn off the Automated Taxes and Forms in the Payroll Settings. Here's how to do it:

 

  1. At the upper right corner, select the Gear Icon or Settings.
  2. Select Payroll Settings.
  3. From the Taxes and Forms section, turn off the Automate Taxes and Forms.
  4. Then, choose Save and Done.

 

For more detailed information, check this article: Set up QuickBooks Online Payroll to pay and file your payroll taxes and forms.

 

I'll also add these articles to help you file your sales tax return, record your sales tax payments, and enter your employee's year-to-date paycheck information:

 

 

If you have any concerns about opting out of the new withdrawal protocol upon running payroll, please tag me in the comment section, @emmajay. I'll assist you in any way possible.

emmajayAuthor
July 1, 2024

Thank you!  Just to confirm, doing this would stop the automatic withdrawal, but the forms would still be automatically created and the taxes automatically calculated, correct?  So this would just keep everything the way it is now for me, right?

 

I understand and appreciate the option to have the withdrawal automatic, and I wouldn't normally be opposed to that, but for cash flow purposes I cannot have the taxes withdrawn the same time our payroll is.  It's too much all at once.  If I could set the withdrawal date, I'd be happy to take advantage of having the taxes automatically withdrawn!