06/05/2026
Notice for QuickBooks Online (QBO) Payroll Subscribers. Starting July 1st, 2026, Intuit QuickBooks is removing the option to handle and pay your own payroll taxes and reports. They will be taking over those for you or your current accountant/CPA if they are not currently doing so.
What this means: QBO will do a cash withdrawal on all the payroll taxes that are withheld from each paycheck plus your employer taxes each pay period. QBO will hold on to that money in a bank account they own until it needs to be paid. While this may seem like a good thing, be aware that QB will earn interest on your money while they wait to pay your taxes. (days, weeks or months of interest)
What you need to do: First off you you need to make sure that there is/will be enough funds in your bank account to cover this. That amount will basically be the gross pay of your employees plus your employer taxes. You should work with your accountant/bookkeeper/CPA to make sure you can maintain doing this for the remainder of the year. If cash flow can become a problem, you may need to seek an alternative program to run your payroll through.
As always, if you have any questions, let me know.
Have a great weekend!
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