Monday 11th of December 2017 12:21:21 AM

  • Today’s Tax Reminder

    Wednesday 03rd of October 2012 3:15:10 PM

    October 3 was set by the IRS as the date for small businesses to deposit their Sept 26-28 payroll taxes payment following the semiweekly deposit rule.

    Included in the payroll taxes are Social Security/Medicare payments and other income tax withholding specified in the Form W-4.

    In the “look back period” of the semi-weekly rule, the total payroll taxes should be more than $50,000 if not, monthly deposit rule applies.

    If still unsure about the process, you can seek for the assistance of the IRS or in matters concerning tax returns particularly payroll tax problems.

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