Ask CPA Sam » tax deposits http://askcpasam.com/blog Making Payroll, Tax, Finance, Accounting Understandable Fri, 04 May 2012 13:21:07 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Mandatory Electronic Filing of FTDs—This is a Good Thing http://askcpasam.com/blog/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/ http://askcpasam.com/blog/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/#comments Mon, 07 Feb 2011 16:43:34 +0000 vlambert http://askcpasam.com/blog/?p=623 Today’s edition comes from guest blogger, Vickie, Lambert, CPP: Effective January 1, 2011, the IRS adopted the Financial Management Service (FMS) decision to discontinue the system of processing federal tax deposit coupons. In other words, the IRS is no longer allowing businesses to make employment tax deposits with PAPER coupons. For this move I say to the IRS—BRAVO! [...]
]]> http://askcpasam.com/blog/2011/02/07/mandatory-electronic-filing-of-ftds%e2%80%94this-is-a-good-thing/feed/ 0 Where Do I Put The Money? http://askcpasam.com/blog/2009/08/12/where-do-i-put-the-money/ http://askcpasam.com/blog/2009/08/12/where-do-i-put-the-money/#comments Thu, 13 Aug 2009 00:24:01 +0000 CPA Sam http://askcpasam.com/blog/?p=375 Q. I’m a new employer and have started withholding taxes from my workers checks.  Where do I put the money? A. Definitely don’t put it under your mattress!  Publication 15 from the IRS is what I like to call the Employer’s Tax Bible. Every employer whether new or seasoned should look through that document each [...]
]]> http://askcpasam.com/blog/2009/08/12/where-do-i-put-the-money/feed/ 0 FICA and Medicare Tax Payments http://askcpasam.com/blog/2008/03/11/fica-and-medicare-tax-payments/ http://askcpasam.com/blog/2008/03/11/fica-and-medicare-tax-payments/#comments Tue, 11 Mar 2008 17:05:00 +0000 CPA Sam http://askcpasam.com/blog/?p=4 Q. Where do I send FICA, Medicare, taxes? A. If you are an employer, FICA, Medicare and Federal withholding taxes should be deposited according to the schedule assigned by the IRS to your company. Very small employers can deposit and report these withholding amounts on Form 944 annually. The other deposit requirements are Monthly, Semi-weekly [...]
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