What are the requirements for remitting monthly and/or quarterly employer withholding payments?
Monthly payment: Required where the amount withheld exceeds $100.00. Payment is due on or before the last day of the month following the period in which taxes were withheld. Quarterly payments: Allowed where amount withheld does not exceed $100.00 per month. Payment is due on or before the last date of the month following the quarter in which taxes were withheld. Employers must file an Annual Reconciliation (Sw-3) along with W-2’s at the end of each tax year.
