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Payroll Week: Jan. 3 to Jan. 9

Jan. 1, 2021, 4:27 AM

Paying federal employment taxes and filing reports to the Internal Revenue Service are among the many critical duties of payroll professionals.

The following are employer responsibilities regarding payroll compliance for the next week:

Monday, Jan. 4: Semiweekly depositors—Deposit Social Security, Medicare, and federal income taxes withheld from payments that were made during the span of Saturday, Dec. 26, to Tuesday, Dec. 29. Also, deposit the employer portions of Social Security and Medicare taxes assessed on those payments.

Wednesday, Jan. 6: Semiweekly depositors—Deposit Social Security, Medicare, and federal income taxes withheld from payments that were made during the span...

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