Payroll checks are input weekly or monthly and a payroll journal is printed. Downing & Associates prepares all 941-deposit coupons weekly, monthly or quarterly, depending on the client’s individual IRS requirements. Also, if required by the IRS, we can assist in making the payments through EFTPS (Electronic Federal Tax Payment System.)  In addition, we prepare state withholding coupons monthly, federal 940 coupons quarterly, quarterly 941 reports and state unemployment reports.

Important Due Dates:

• Monthly 941 Deposits – Due by the 15^th of every month *
• State Withholding – Due by the 15^th of every month *
• 940 Deposit – Due by the last day of the month following each quarter *
• Quarterly Reports – Due by the last day of the month following each quarter *

* subject to limitations