Key takeaways

• The IRS Form 941 is a quarterly report filed by employers
• The employers use IRS Form 941 to report the payroll tax payments.
• The report cites withheld federal income on the employee paychecks and due amount on social security and Medicare wages.
• Employer’s share of FICA taxes

A payroll tax return is different from an individual tax return. A personal income tax return is filed only once a year. However, employers have to file a payroll tax return once every quarter. Businesses that fail to file the Employer’s Quarterly Federal Tax Return or underreport tax liability are at risk of attracting IRS tax penalties.

Payroll Taxes filed by TaxAccountPro

We work with the Internal Revenue Service and other revenue offices to ensure you are never late on your payroll return filing. We offer a comprehensive suite of payroll tax filing services. Our offerings include;

State and local taxes: Our experts work closely with state revenue offices to process employee state income taxes. We are familiar with different payroll tax regulations and can help you submit all the documents in time to avoid penalties.

Federal payroll tax filing: Our tax specialists help employers calculate, withdraw, and file employee income tax and other payments. Besides this, we take the burden of electronically transferring the tax payment to the IRS from the employer’s shoulders.

Unemployment taxes: Our payroll tax experts are familiar with each state’s unemployment tax rules and can help you submit the right amount you owe to the IRS.

Why do you need TaxAccountPro Services?

Time Benefit – Allows to plan round-the-clock operations.
Cost-Benefit – Lower cost of operations by 40%.
Staff Benefit – Right Level staff for different requirements.
Business Benefit – Save on Infrastructure and Technology for outsourced staff.

If you need a fast, accurate tax professional to prepare your tax return this year give us a call today at +1 (315) 644-2677