We'll initiate the following debit transactions from your company's bank account after payroll is submitted:
- Each payroll: One for employee pay (those who are being paid by direct deposit)
- Monthly Federal and State income tax withholding (paid the month following the month the liability was incurred -- i.e. November income tax liabilities are debited and paid by the 15th of December)
- Monthly payroll service fees on or around the 21st of the month
- Quarterly State employer taxes (i.e. -- unemployment insurance)
You can also view the Tax Payments report to see which taxes we've paid on your behalf.