Change Payment Date on Schedule B Form 941 in QuickBooks
First and foremost to answer if it is possible to change the payment date on schedule B form 941, yes it is. The key point to remember is the changes to Schedule B must follow the tax payment schedule as listed down by the IRS. This helps to avoid penalties in the future. The schedule B form lays down the 941 tax liabilities that are applicable for each paycheck date. Your liability in schedule B of 941 form includes:
- The federal income tax you withheld from your employees’ pay, and
- Both employee and employer social security and Medicare taxes.
Note: Schedule form is actually not useful when listing your federal tax deposits.In this blog we talk about the simple steps involved to change the Payment Date on Schedule B Form 941.Read More »Change Payment Date on Schedule B Form 941 in QuickBooks
Edward Martin is a Technical Content Writer for our leading Accounting firm. He has over 10 years of experience in QuickBooks and Xero. He has also worked with Sage, FreshBooks, and many other software platforms. Edward’s passion for clarity, accuracy, and innovation is evident in his writing. He is well versed in how to simplify complex technical concepts and turn them into easy-to-understand content for our readers.