Third Party Sick Pay Taxes
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We're new to Oracle Cloud Payroll. Payroll has a need to send Third Party Sick Pay(3PSP) taxes to ADP on the Third-Party Tax Periodic file and to record these external payments for year-end reporting. We were able to do this on our previous Payroll system (PeopleSoft) by sending 3PSP Tax codes (different than normal Tax codes) to ADP for the Federal and FICA taxes on these external payments..
One suggestion so far is to setup "new" tax elements to use for these 3PSP payments. Then the appropriate 3PSP Tax codes could be assigned to these "new" tax elements. Has anyone reported 3PSP on their Third-Party Tax Periodic file? How did you set this up?
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