A few weeks after each quarter ends, you can see all the quarterly returns we filed on your behalf by heading to the Taxes & compliance section of your account.
Sometimes adjustments are made to your account that affect the amount of taxes owed (e.g. payroll reversals, rate changes, etc), and you may be liable to pay more to the federal and state agencies. To accommodate this difference, we'll debit your company for any additional taxes owed on a "tax reconciliation" payroll—learn more below.
For a full list of the forms filed by Gusto, click here. To see your forms:
Some forms, coupons, or payment vouchers that are filed electronically may not appear in your Tax documents section. You can find those payment receipts by running an agency payments report.
If you can't find a specific form that you believe Gusto filed on your behalf, contact us from the Help or Priority support section of your account.
As each payroll is processed, Gusto debits the appropriate payroll taxes that apply to your company. We then file and pay all of your quarterly and annual taxes.
If adjustments are made to your account that affect the amount of taxes owed, you may be liable to pay more to the federal and state agencies. To calculate and apply these adjustments, a tax reconciliation payroll is run. This will often create a debit for the amount owed based on the new tax amounts, though sometimes it may result in a credit or refund if taxes were overpaid. This tax reconciliation debit makes sure the correct tax amounts have been paid to each agency.
Note: If your company has multiple bank accounts set up, we'll debit the 'default' bank account on file.
Here are the types of circumstances that would lead to a tax reconciliation payroll. Tax reconciliations can be run by our Care team in response to one of these situations, though they also occur on a quarterly basis to correct any tax discrepancies ahead of tax filings.
To download the summary of a specific reconciliation, scroll to the bottom right corner of the reconciliation details page and click Download.
Tax reconciliation emails are sent when a reconciliation payroll is run and it results in a debit greater than $5.00. This can occur quarterly, or any other time a reconciliation payroll is needed to be processed.
The email will notify you of the factors that impacted the tax reconciliation, the adjustment period, the last four digits of the bank account that will be debited, the debit date, any applicable taxes, and the total debit amount. The debit typically occurs a few business days after you receive the email.
In certain cases, you may receive an email about a refund from Gusto as well. We’ll also let you know if there is any action required on your end, like reimbursing employees for overpaid taxes.