Warlock
Level 3

Employees and payroll

Second followup for those watching this issue.

 

Since QBO does not display the PFML total wages withholding rate (0.8%), only the employee vs employer ratio, I wanted to test and verify yesterdays changes made by QBO support were correct before our actual payroll run next Monday.  I just ran early paychecks for a couple employees (1 salary and 1 hourly) to compare the PFML withholding on this check vs the previous incorrect one.  Happy to report the new checks do in fact have PFML withholdings of total wages * 0.8% * 72.76% as expected.  Also, QBO issued a "Tax Adjustment Check" for each employee making up the difference between what the incorrect 10/1 check withheld for PFML and what it should have withheld.  The "Tax Adjustment Check" only covered 10/1 because I instructed them to enter a new rate start date as the first day of this quarter (10/1/2023) since I manually corrected the incorrect premium withholding for Q1 to Q3 2023 and didn't want any changes to that data.  With that adjustment it means Q4 PFML totals are now in line with what they should be.

 

Very happy to get this corrected.