Payroll Tax Deposit Calendars: What Owners Should Verify With Their CPA
· Business Finance · 1 min read
Payroll tax pain is usually a calendar ownership problem. Name who deposits and who monitors due dates.
Verify with your CPA
- Deposit schedule frequency
- Responsible system of record
- Penalty ownership if a deposit fails
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Frequently Asked Questions
- Who deposits payroll taxes?
- It depends on your engagement. Payroll provider, CPA, or internal bookkeeper — name the responsible party in writing.
- What happens if a deposit is late?
- Penalties and interest can accrue quickly. Ask who monitors due dates and who pays penalties for process failures.
- How often should we review the calendar?
- At least when headcount or payroll frequency changes, and at year-end planning.