Payroll Tax Filing-What You Better Know

Payroll Tax Filing

IRS Tax Form 941 for Payroll Tax Filing Here’s everything you need to know about payroll tax filing, quarterly returns, and form 941. Remember the thrill of your first paycheck? Remember feeling less thrilled when you discovered that your employer held some money for income taxes and Social Security? That is payroll tax. Likewise now…

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Beware of 2021 Deposit Dates For Payroll Tax

Payroll Tax

Report Payroll Taxes You must report taxes you deposit by filing Forms 940, 941, and 944 on paper or through e-file. Federal Income Tax and Social Security and Medicare Tax If you held federal income tax or social security and Medicare taxes, subsequently, then you must file Form 941, Employer’s Quarterly Federal Tax Return each quarter. This…

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Make Final IRS Payment On IRS Website Page Helps Closing Business

IRS Payment

The IRS streamlined the Closing a Business page into simple steps, so business owners and self-employed individuals can make final IRS payment. During this difficult and challenging time, the IRS streamlined the Closing a Business page into simple steps, the release states, so business owners and self-employed individuals can quickly find the information they need.…

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HOW TO FIX PAYROLL TAX ISSUES AND PITFALLS

PAYROLL TAX

If you have workers in your company you are expected to owe payroll tax. Based on the size of your payroll you can need to make tax deposits with the IRS as soon as you pay your workers on the day after. Whenever taxes are not paid on time then the IRS imposes interest and…

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