Nesteggg Accounting

  • Home
  • Services
    • Nesteggg Accounting
      • Payroll Services
      • Cannabis Accounting
    • Egggsact Tax, Inc.
    • Forms
      • Free Accounting Analysis
      • Business Services Agreement
      • New Corporation/LLC Request
      • New Account Setup
  • Contact Us

It pays for employers to file payroll taxes electronically

Business owners who file payroll and employment taxes using paper forms should consider filing these electronically. Here are some of the forms employers can e-file:

  • Form 940, Employer’s Annual Federal Unemployment Tax Return
    Employers use this form to report annual Federal Unemployment Tax Act tax.
  • Form 941, Employer’s Quarterly Federal Tax Return
    Employers use this form to report income taxes, social security tax, or Medicare tax withheld from employee’s paychecks. They also use it to pay the employer’s portion of social security or Medicare tax.
  • Form 943, Employer’s Annual Federal Tax Return for Agricultural Employees
    Employers file this form if they paid wages to one or more farmworkers, and the wages were subject to social security and Medicare taxes or federal income tax withholding.
  • Form 944, Employer’s Annual Federal Tax Return
    Small employers use this form. These are employers whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less. These employers use this form to file and pay these taxes only once a year instead of every quarter.
  • Form 945, Annual Return of Withheld Federal Income Tax
    Employers use this form to report federal income tax withheld from nonpayroll payments.

There are several benefits to filing these forms electronically:

  • It saves time.
  • It’s secure and accurate.
  • The filer gets an email to confirm the IRS received the form within 24 hours.

There are two convenient ways businesses can e-file:

  • Employers submitting the forms themselves will need to purchase IRS-approved software. There may be a fee to file these electronically. Also, the software will require a signature by one of two options:
    • The software instructs the user to apply for an online signature PIN. Taxpayers should allow at least 45 days to receive their PIN.
    • The user can scan and attach Form 8453-EMP, Employment Tax Declaration for an IRS e file Return.
  • Employers can have their tax professional file the form for them. The Authorized IRS e-file Providers for Individuals and Businesses can help employers locate an Electronic Return Originator near them.

Recent Posts

  • Economy Opening… Stop… Start…
  • Road Map to Opening
  • Tried Calling?
  • Free Credit Reports
  • CA License Extensions for Cannabis Business
  • What Are Libraries Doing Now
  • Cannabis Markup to Remain the 80%
  • Time to Retire?

Archives

  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018

Categories

  • Cannabis Compliant Accounting + Tax
  • NestEggg's Small Business HELP
  • News
  • Uncategorized

Stay Connected

Nesteggg Facebook

The Nesteggg Group ©2019
All Rights Reserved

Get in Touch

1127 St. Paul Ave
Tacoma WA 98421

1-(888) 987-NEST

accounting@nesteggg.com

Web Design & Maintenance by AquaZebra

constant contact

Copyright © 2023 · Executive Pro Theme on Genesis Framework · WordPress · Log in