How are Employer Tax Deposits calculated and paid?
Intuit Payroll Services collects the rate information from you during the “Conversion” process. Once they have received all of the necessary information to get you enrolled in the tax filing service, they will calculate your tax liability each time they run your payroll. Since they base their calculations on the information they receive from you, you must ensure that all of your tax rate information is current and correct. Depending upon your deposit frequency as determined by the “Federal Lookback Period”, they electronically deposit your taxes on or before their due date.
We collect the rate information from you during the “Conversion” process. Once we have received all of the necessary information to get you enrolled in the tax filing service, we will calculate your tax liability each time we run your payroll. Since we base our calculations on the information we receive from you, you must ensure that all of your tax rate information is current and correct. Depending upon your deposit frequency as determined by the “Federal Lookback Period”, we electronically deposit your taxes on or before their due date.
