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.
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.