What is payroll tax filing?
The term refers to the taxes deducted from some of your employees’ benefits, normally called withholding tax. This tax is deposited by the employer alongside the federal income tax to the authorities (Internal Revenue Service).
The deposit is done monthly or semiweekly. But the tax filing is done on a quarterly basis.
Why is payroll tax filing important?
Payroll tax filing is your responsibility as a business owner in a location. The tax bodies often pay serious attention to this issue and failure to meet up with your tax deposits and filing can lead to you paying extra money for fines. The fines are often calculated depending on how late you are. If you’re at most five days late in making your deposit, you might be charged about 2% of the total payable tax. If it’s longer than that, you may get between 5 and 10% fines of the actual due tax.
Interestingly, you can be pardoned for showing up late in tax filing (if you have a good excuse though), but that can cost you up to 25% of your tax.
Can I do my payroll tax filing on my own?
Small business owners have always rued trying to fix their payroll tax filing on their own. Your calculations and deductions need to be accurate as well as fast. As a business owner, you cannot afford to spend such time trying to figure out what you might never be able to do alone except you’re an expert. It is why you need the help of payroll tax filing experts.
For payroll tax filing San Bernardino, we recommend no other but e-pay payroll.
Our reason for recommending e-pay payroll is simple. The agency has managed to create a reputation for itself.
E-pay payroll was established in 1991 and since that time toll the present, there have been thousands of testimonials of our exploits. Most small and midsized businesses depend on us for their survival. Little wonder we have a cult-like following from our clients.
Our quality services and prompt delivery, together with our ability to affect personalized solutions are what has been our mains stay in the competitive market.
We boast of some of the smartest payroll tax filing experts as members of our staff. These highly trained individuals are licensed by the Internal Revenue Service. Their commitment and passion are outstanding.
From the moment you reach out to e-pay payroll, we become team members and we work aggressively to see you have no issues with your payroll tax filing. At E-Pay Payroll we strive to deliver only the best service, call us (866) 340-8132 today to experience it firsthand.