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D
DragonZ
October 5, 2021
Question

WorkSafe BC - maximum assessable earning for 2021 are incorrect in QBO Payroll calculations

  • October 5, 2021
  • 1 reply
  • 0 views

QBO payroll - British Columbia - Canada. WSBC (WorkSafe BC) calculations for employer taxes/contributions assume that maximum assessable earnings are about $87,100 per employee for 2021. QB stops calculating WSBC after that. The actual maximum assessable earning for 2021 is $100,000.  This will throw out WSBC accruals once any one employee earns over $87,100 in the calendar year.

1 reply

J
JamesM4
October 6, 2021

Hi DragonZ,

 

Welcome back to the Community. I trust that business is going well on your end. QuickBooks offers the flexibility you need to manage your work with peace of mind. I'll be happy to steer you in the right direction so your payroll calculations are accurate. 

 

Based on what I've described, I encourage you to check this helpful article here that shows you the calculation for WSBC in QuickBooks. Since the calculations are being calculated as expected, I encourage you to contact our support team so they can share your screen and assist you further with this. Here are our contact details:

  • Schedule a Callback or start a Chat: click (?)Help in the upper right in QuickBooks Online > type and enter "Contact support" into the QB Assistant > click Contact Us > explain your situation > click Let's Talk > choose Get a callback or Start a Chat.
  • Social Media: Facebook, Twitter, and Instagram.
  • Support hours are from Monday to Friday between 9 a.m. and 8 p.m. ET.

Feel free to keep me posted on how you make out. I'll be one message away in case you need anything else. 

 
D
DragonZAuthor
October 6, 2021

Hello JamesM4

 

The link provided has does not mention the maximum assessible earnings for each employee.  There is no place in QBO that I can change the maximum assessible earnings.

 

You stated: You Since the calculations are being calculated as expected.

If this is the case then the expectations are wrong.

 

QBO stops calculating WSBC after assessible earnings of about $87,100 per employee.  This is the maximum assessable earnings for 2019.  The maximum assessable earnings for 2021 are $100,000 per employee.

Compensation-Related Maximum Wage Rates - WorkSafeBC

 

I do not want to contact the support team where I will need to spend an hour explaining this again and then it will be referred to someone who can fix the problem.  How about you do that for me now?

D
DragonZAuthor
October 6, 2021

Correction.  $87,100 is the maximum assessable earnings for 2020.

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