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November 1, 2022
Question

How do I record payroll remittance penalty payment?

  • November 1, 2022
  • 1 reply
  • 0 views
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1 reply

QuickBooks Team
November 1, 2022

Hi tstecyk1,

 

Welcome to Community!  It's essential that you're recording your payroll tax payments accurately in QuickBooks Online.  I'd be happy to provide the information you need to stay on track with your work!

 

When you have a penalty or interest for a late payroll tax payment, you'll need to pay it separately.  This shouldn't be added to the payroll tax payment.  In QuickBooks Online, you'll pay the amount as indicated in the usual fashion.  To calculate the penalty and interest, for federal tax information, go to the Interest and penalties page of the CRA website.  The penalty and interest will be paid through the CRA.  

 

If you have any other questions, feel free to reach back out.  We'd be glad to help!