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Payroll Taxes

                                         New Hire Employee Payroll Tax Forms
Form W-4         Employee Federal Withholding
Form MW507   Employee Maryland Withholding
Form I-9           Employment Eligibility Verification
*** Have your new employee fill out each of the listed forms. Give us a copy of each form along with the hourly rate, salary, and benefits for the employee.
Maryland New Hire Reporting  Federal and State law requires employers to report newly hired and re-hired employees in Maryland to the Maryland State Directory of New Hire
 
                                                New Hire Independent Contractor Tax Forms
 Form W-9   Request for Tax Payer Identification Number and Certification  *** Have your subcontractors fill out the W-9 before you cut them a check.
To prepare your 1099’s at the end of the year we need a copy of your W-9’s and the total amount paid to each subcontractor. If you expect to pay a subcontractor $600 or more then you are required to send the subcontractor a 1099 at the end of the year. This is not an option. You will be penalized if you do not send the 1099.
Payroll Tax Schedule
 Annual Schedule
IRS Form 940 - Federal Unemployment Report
IRS Form 944 - Annual Federal Withholding Report
IRS Form W-3 and Employee W-2's Reporting
MD MW508 Reconciliation - Maryland W-2 Reporting
IRS Form 1096 & 1099s - Subcontractor Reporting 
Annual Period
January 1 - December 31

Due Date
January 31

Quarterly Deposit Schedule
IRS Form 941 - Federal Withholding Liability Report and/or Payment if less than $2,500 for the quarter
MD MW506 - If Liability is less than $700 for the quarter Payment can be Quarterly
MD Unemployment Report and Payment
Quarter Period
January 1 - March 31
April 1 - June 30
July 1 to August 31
September 1 - December 31
Due Date
April 30
July 31
September 30
January 31

Monthly Deposit Schedule
EFTPS Payment - Federal Withholding Liability if greater than $2500 for the quarter Payment is made Monthly
MD MW506 - Maryland Withholding Liability if greater than $700 for the quarter Payment is made Monthly
Monthly Period
 January 1 - January 31
February 1 - February 28
March 1 - March 31
April 1 - April 30
May 1 - May 31
June 1 - June 30
July 1 - July 31
August 1 - August 31
September 1 - September 30
October 1 - October 31
November 1 - November 30
December 1 - December 31
Due Date
February 15
March 15
April 15
May 15
June 15
July 15
August 15
September 15
October 15
November 15
December 15
January 15
Weekly Deposit Schedule
EFTPS Payment - Federal Withholding Liabilty if greater than $50,000 for the year Payment is made Weekly
Paycheck is Dated on a
Saturday, Sunday, Monday, Tuesday
Wednesday, Thursday, Friday
Deposit Tax Payment by
Following Friday
Following Wednesday

Amending Payroll Taxes
941X - Adjusted Employer's Quarterly Federal Tax Return or Claim for Refund
940 Amended - Employers Annual Federal Unemployment (FUTA) Tax Return
MD506A  - Employers Return of Income Tax Withheld - Amended
DLLR/OUI 21  - Maryland Unemployment Request for Wage Adjustment
W2C - Wage and Tax Statement Correction
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