Written by Jen Leigh | Apr 14, 2020 9:36:34 PM
This update applies to all customers
The Payroll Recap & Funding report has been updated. It now includes a section titled Families First Coronavirus Relief Act / CARES Act that includes the credits calculated and the ER Tax amount available for deferral. All customers are impacted by this update.
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If you have elected to defer tax payments under the CARES Act
- You will see the deferral amount in the FFCRA / CARES section of the report.
- Prior to payroll being finalized, the Recap - Tax Cash Requirements will not be reduced by the deferral amount.
- After your payroll is finalized the Recap - Tax Cash Requirements and Total KPS Debit amounts will be reduced by the deferral amount.