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December 22, 2020
Question

When is payroll due if the payday is normally a Friday that lands on January 1

  • December 22, 2020
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1 reply

December 22, 2020

Hi anne-glass, 

 

It's great to see that you're being proactive and checking into QuickBooks Online Payroll deadlines prior to the upcoming bank holidays. It's important to us that your staff is paid on time. I can help explain when to run your payroll by for timely payment. 

 

Banks will be closing early on December 31st, and closed all day on January 1st. Payroll has a two day lead time, so you'll want to ensure that the payrun is completed by 8pm EST on Tuesday December 29th. Your employees will then receive their pay on Thursday December 31st. 

 

QuickBooks has your back and takes into consideration the additional pay for the year, and ensures that CPP and QPP won't use the exemption when making a 27th biweekly or 53rd weekly payroll. This helps avoid over exemptions for the year. 

 

Please reach out if you have any other questions!