Paying federal employment taxes and filing reports to the Internal Revenue Service are among the many key duties of payroll professionals.
The following are employer responsibilities regarding payroll compliance for the next week:
Monday, Jan. 18: Federal holiday—Birthday of Martin Luther King Jr.
Wednesday, Jan. 20: Federal holiday—Inauguration Day.
Thursday, Jan. 21: Semiweekly depositors—Deposit Social Security, Medicare, and federal income taxes withheld from payments that were made during the span of Wednesday, Jan. 13, to Friday, Jan. 15. Also, deposit the employer portions of Social Security and Medicare taxes assessed on those payments.
Friday, Jan. 22: Semiweekly...