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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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File and Pay Payroll Tax

File Payroll Taxes You must report taxes you deposit by filing Forms 940, 941 and 944 on paper or through e-file. Report 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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