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Companies showing a profit are required to put at least one owner on the payroll. Payroll taxes must be paid monthly or quarterly and are due the 15th of the month. (Companies with larger payrolls are required to pay after each payroll.) Quarterly Payroll tax filings include a 941 to the IRS and a UCT -6 to the state of Florida. States with income tax also require a quarterly state return. The penalties for failure to file or pay the tax are high. We will prepare the forms you need and instruct you how and when to file and pay.
Payroll Tax returns are due quarterly:
In Florida, you need to file form 941 with the IRS and form UCT-6 with the Florida Department of Revenue. Florida requires you to file even if you have
zero payroll. The penalty for late filing is $25 per month up to $75
Tax deposits are due quarterly, monthly or weekly depending on the size of your payroll. Monthly and Quarterly deposits are due on the 15th of the month following the end of the pay period. The penalty for late payment is 10% per month up to 100%
We will take care of these filings for you if you'd like.
OTHER PAYROLL RESOURCES
