By Mike DiSabatino on Sunday, 17 October 2010
Category: Weekly Tips

No more 8109-B Federal Tax Deposit Coupons in 2011

Other than with a few exceptions, beginning January 1, 2011; all federal tax deposits must be made through EFTPS (the Electronic Federal Tax Payer System).

For those of you who are still making payroll (941/940) and other tax (1120) deposits at the bank using a  paper coupon, be aware that no 8109-B paper coupons will be accepted for 2011.

If you need assistance in getting set up paying your taxes electronically through the EFTPS system, do not hesitate to contact our offices. The EFTPS requirement applies to corporate income and estimated taxes , FICA, withheld PIT, backup withholding, FUTA, and excise taxes.

If you are needing Payroll services, please let us know.  We have a new service that is capable of handling any number of employees, especially applicable to those with samller payrolls... up to 5 employees paid as frequently as 4 times per month for a flat fee of $50/ month!