The Employer’s Quarterly Federal Tax Return, also known as IRS Form 941 for 2016, has been released. Employers who withhold income taxes, social security tax, or Medicare tax from employees’ paychecks or who must pay the employer’s portion of social security or Medicare tax, must use Form 941 to report those taxes.
The current quarter ends Thursday, March 31. Form 941 is due Monday, May 2 as April 30 (the last day of the month following the quarter’s end) is a Saturday.
To efficiently manage your payroll, HR, timekeeping, benefits, and more, you need all employee data accessible 24/7 from a secure, cloud-based solution. No duplicate data entry, no importing and exporting. You’ll reduce errors, increase productivity, and save time with isolved, GTM’s payroll and HR platform.
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