Form K-40pt
Form 941 Deadline- Payroll Software
The IRS deadline, to file form 941 (Employer’s Quarterly Federal Tax Return), is soon approaching. Form 941 is one of the many payroll forms that a business owner or an employer needs to prepare to be in compliance with government regulations. This payroll form is used by employers to report wages paid, tips employees have received, federal income tax withheld, both the employer and employee share of social security and Medicare taxes, the current quarter’s adjustments to social security and Medicare tax for fraction of cents, sick pay, tips group-term life insurance, advanced earned income tax credit (EIC) payments and credit for COBRA premium assistance payments. Credit for COBRA premium assistance payments is new to form 941 this quarter. This box has been added to accommodate COBRA premium benefits set forth in the economic stimulus package.
Form 941 is due by the last day of the month that follows the end of the quarter. Quarter One Form 941, which includes payroll periods from January, February and March, is due on April 30, 2009. Quarter Two Form 941, which includes payroll periods from April, May and June, is due on July 31, 2009. Quarter Three Form 941, which includes payroll periods form July, August and September, is due October 31, 2009. Quarter Four Form 941, which includes payroll periods from October, September and December, is due on January 31, 2010.
Using a payroll software can save a business owner vast amounts of time and energy. An automated payroll solution can keep a business owner from possible mistakes during tedious calculations.
Payroll Mate is a user friendly and cost effective payroll program that fits the needs of accountants and small to medium size businesses. Payroll Mate makes payroll simple and affordable.
A free demo version can be downloaded at payroll software download.
About the Author
Lisa Heather, small business owner, provides insightful tips into payroll software. You may also visit Payroll Blog for more payroll information.
Payroll Mate is an affordable and easy to use
Payroll Solution.
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