If a due date falls on a Saturday, Sunday or legal holiday, the next business day becomes the due date.
Payroll Tax Deposits . . . .
Deposits are made on either a monthly or semi-weekly basis. The determination of which deposit schedule applies will be made for the calendar year by looking back at the employment taxes reported for the 4 quarters ending the previous June 30 of the calendar year.
Employers who reported $50,000 or less will deposit monthly by the 15th day of the following month.
Those reporting more than $50,000 must deposit semi-weekly. For paydays on Wednesday, Thursday, or Friday, the deposit is due the Wednesday after the payday. For all other paydays, the deposit is due by the Friday following payday.
All new firms will be monthly depositors. Firms amassing $100,000 or more at any time must deposit the funds by the next business day.
With our Special Business Payroll Package you can rest assured that your tax deposits are filed on time. We will make sure that all taxes are automatically filed, along with your quarterly tax deposits in a timely fashion. We'll fill out whatever forms are required along with filing them with the proper local state and federal government agencies.
4024 West Irving Park Road, Chicago, IL 60641 Phone: (773)725-9500 Fax: (773)725-9560
