If a due date falls on a Saturday, Sunday or legal holiday, the next business day becomes the due date.
Payroll Tax Deposits . . . .Federal payments are made on either a monthly or every payday basis. The determination of which payment 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 pay monthly by the 15th day of the following month.
Those reporting more than $50,000 in a year must pay after each payday. For paydays on Wednesday, Thursday, or Friday, the payment is due the Wednesday after the payday. For all other paydays, the deposit is due by the Friday following payday. Late payments are severely penalized.
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.