The multiple filing and due dates can be difficult to calculate and remember. Employers are required to make federal payroll tax payments to the government, as well as filing the proper reporting and informational returns. Employers must also provide employees and contractors with W-2 and 1099 reports explaining the compensation paid and withholding amounts. Texas has requirements as well. The rules can be complex and penalties for noncompliance severe, which is why the administration of payroll tax responsibilities is often outsourced by small businesses.
At McDonnell Richardson CPA, PC we can take away your payroll tax worries and keep you compliant with the laws. We electronically pay your payroll taxes and file your payroll tax returns on time, every time – and with no additional fees (unlike many payroll providers). Copies of your quarterly returns are sent using a secure electronic method for your records.
Accurate and timely compliance is the key to avoiding payroll tax penalties and IRS audits.