Unemployment Payments for Businesses
This year was an interesting year with regard to receiving funds from the government. If a business received unemployment funds during COVID, how should they be labeled in QBO? The payments had taxes withheld throughout the year and deposited into the business account, if that helps any.
Quickbooks online tax center doesn't give an option to record the payment from a credit card.
Right now, the option to record a payment from a credit card is unavailable in the QuickBooks Online Tax Center. As a workaround, we can tag the bank account although the payment was made through credit card.
- Select Taxes from the sidebar menu.
- Click Payroll Tax.
- On the Payroll Tax Center page, select Pay Taxes.
- Select Record Payment.
- Enter the necessary information.
- Hit Record Payment.
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