How Do Payroll Services Handle Compliance with Federal and State Payroll Taxes?
Quick Answer Professional payroll services handle compliance by automatically calculating federal income tax, FICA, and FUTA withholdings, managing IRS deposit schedules, filing Form 941 quarterly and Form 940 annually, processing W-2s and 1099s by January 31, and managing multi-state SUI contributions and filings — ensuring US businesses stay compliant without tracking changing federal and state […]