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:
Wednesday, July 15: Semiweekly depositors—Deposit Social Security, Medicare, and federal income taxes withheld from payments that were made during the span of Wednesday, July 8, to Friday, July 10.
Wednesday, July 15: Monthly depositors—Deposit payroll tax for June if the monthly deposit rule applies.
Wednesday, July 15: Household employers—File Schedule H, Household Employment Taxes, with Form 1040, U.S. Individual Income Tax Return, if at...