Are there any options to simplify the processing of payroll taxes and deposits?
The IRS allows a business with multiple Federal Employer Identification Numbers (FEINs) to designate one of the companies to act as a Common Pay Agent. This allows federal income, FUTA, and most state taxes to be consolidated and paid under the agents’ FEIN, thus greatly reducing filings, deposits, and paperwork.
Related Questions
- Provided at the same intervals as the deposits of the payroll taxes would have been required without the offset (or as otherwise specified by the Secretary of Treasury). What type of COBRA coverage is eligible for the subsidy?
- Are there any options to simplify the processing of payroll taxes and deposits?
- How to figure payroll taxes
