Hi Intuit Online Payroll Customer,
As a result of the Covid-19 pandemic, the CARES Act enabled qualified employers to defer employer Social Security liability due to the IRS that accrued between March 27, 2020 and December 31, 2020. The Presidential Memorandum issued on August 8, 2020, allowed employee portions of Social Security tax between September 1, 2020 and December 31, 2020 to be deferred.
This email is a reminder that if your business took advantage of either deferral, the Social Security balances are due by January 3, 2022 (December 31 is a holiday so the tax is due the next business day on January 3, 2022.) It is your responsibility to pay any balances due to the IRS outside of payroll. The IRS has begun sending balance due notices to customers, so we want to make sure all customers who took advantage of the deferrals are aware of the upcoming due date.
To pay any tax balances due, we recommend visiting this IRS Article, which provides details on how outstanding tax balances should be paid. For additional information on the deferrals, you can also visit the help articles we provided for the CARES Act Employer Deferral and Presidential Memorandum Employee Deferral back in 2020.
If your business did not take advantage of either deferral, please disregard this email
The QuickBooks Payroll Team