Payroll DeposIT Planning Sample
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Are you looking for a professional Payroll Deposit Schedule Sample? If you've been feeling stuck or lack motivation, download this template now!
Do you have an idea of what you want to draft, but you cannot find the exact words yet to write it down or lack the inspiration how to make it? If you've been feeling stuck, this Payroll Deposit Schedule Sample template can help you find inspiration and motivation. This Payroll Deposit Schedule Sample covers the most important topics that you are looking for and will help you to structure and communicate in a professional manner with those involved.
Some examples include: • • • • • • • • • • Federal or state withholding (also called Income Tax does not include Social Security or Medicare) Social Security company‐paid tax (also called FICA or OASDI) Social Security employee‐paid tax Medicare company‐paid tax Medicare employee‐paid tax Federal Unemployment Tax (also called FUTA) State disability insurance (also called SDI) State unemployment insurance (also called SUI) State surcharges and assessments Any other local or custom taxes Tax Payments, Year‐to‐Date Payroll (9/4/2008) Page 1 of 8 What is a tax payment A tax payment is an amount you paid to a federal or state agency to cover one or more payroll tax liabilities you owe that agency for a deposit period.. Gather your tax payment information Where do you get this information Depending on how you’ve managed your payroll, liability payment information may be available from several sources: • • • Your accountant or tax professional Your payroll tax payment records such as: your ledger, checkbook, payment journal, a bank EFT payment confirmation Reports from your previous payroll service 1 Questions to ask yourself and your accountant: • 1 Did the payment to an agency cover multiple liabilities Oftentimes, when tax payments are going to the same agency, employers group those taxes into a single payment..
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