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Ktranspinc
January 8, 2024
Question

Recording and reporting short term disability

  • January 8, 2024
  • 1 reply
  • 0 views

We do not pay the  short term disability out, another company does. But we are responsible for the employers share of Medicare and social security tax that was paid out, as well as reporting the income the employee received. How do I account for those taxes to match my 941 without creating extra liabilities?

1 reply

I
IrizA
January 8, 2024

Hey there, Ktranspinc. 

 

It seems that your concern has been answered by my colleague ShyMae. You can refer to this link to see her shared information regarding how to record the taxes in QuickBooks Desktop: https://quickbooks.intuit.com/learn-support/en-us/employees-and-payroll/re-how-do-i-record-the-employer-taxes-owed-on-disability/01/1370266#M121499.

 

Feel free to hit the reply button if you have further inquiries regarding taxes. I'm more than happy to help you. 

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