Jul 27, 2021
As reported by Krebs on Security, starting later this year, Intuit will be sharing payroll data from 1.4 million small businesses with Equifax. Any small business currently using QuickBooks Online Payroll and Intuit Online Payroll products will be opted-in by default to share their payroll information with Equifax unless they choose to opt-out by the end of July. Your data will be used on a spin-off product coined “The Work Number from Equifax.”
Beginning fall of 2021, your current QuickBooks Online Payroll subscription will include an automated employment verification and income service that The Work Number from Equifax will power. Before this service, employees often had to manually provide information for their loan or line of credit verification. With this new service, employees will have the power to automatically share this information with creditors, lenders, or government agencies when applying for a loan or line of credit. In effect, the new service from Intuit will improve processes for both employees and employers.
Read more on Intuit’s FAQ.
Essentially, Equifax will be proactively collecting all payroll data in the event they need to share it later, which is very similar to how they manage credit reporting.
Intuit joins many of the world’s largest payroll providers (example: ADP, largest payroll provider in the U.S.) in sharing their payroll data with Equifax. They are not alone, nor the first to share such data with Equifax.
The company that was breached in 2017 and leaked over 140 million records? We’ll let you be the judge of that.
1. Sign in to QuickBooks Online Payroll.
2. Go to Payroll Settings.
3. In the Shared data section, select the pencil and uncheck the box.
4. Select Save.
If you plan to opt out, make sure to do so prior to July 31, 2021.
Oct 23, 2025
Curious about key person insurance? It's essentially when the company acts as the beneficiary and pays the premiums. Read through to learn how this insurance product can help your business.
Oct 22, 2025
Are you working with freelancers? It's important to understand how to pay them, which all starts with classifying them based on their employment status. Read through to learn how to avoid misclassification.
Oct 21, 2025
You’re considering offering a position to a candidate, but you may be concerned about what he or she is doing on social media. Is this something to worry about? Read here for the ins and outs of social media background checks.
Oct 20, 2025
Quick question: Should management bundle vacation time, sick time and personal days into one single bank of days? Read through to see how this approach can work for your business and provide more flexibility for your employees.
Sep 25, 2025
The Social Security Fairness Act repeals two long-standing rules that reduced Social Security benefits for many government and public sector workers. Read through to learn more about the act and whether these changes affect you.
Sep 24, 2025
Congratulations! You've finally completed the demanding hiring process and you've made the right hire. You are now ready to welcome a new member to the team. Read through for some pro tips on best onboarding practices for the first day at work and beyond.
More News & Press can be found in our Archive.
