We compute your federal liability, electronically transfer the amount from your bank account, and make the deposit on the due date to help you avoid costly penalties. Paychex also meets electronic filing requirements, and completes and files all the appropriate quarterly and annual tax returns.

Paychex electronically transfers the total FUTA tax from your bank account each pay period. If your amount at the end of the quarter is over $500, we will make a deposit to the IRS by the due date. Taxpay also includes automatic enrollment in the Electronic Federal Tax Payment System (EFTPS), which meets IRS requirements for businesses that must file Forms 940, 941 and 944 electronically.

Paychex electronically transfers applicable state and local taxes from your bank account on the check date, and deposits them with the appropriate tax authorities by the due date. (In some areas, some local taxes may not be handled by the Taxpay service.) Paychex also files tax returns, paying any remaining tax at the end of the quarter or year. You receive copies of all returns.

Taxpay includes a toll-free support line to help your company better manage its SUI obligations. You can rely on our unemployment insurance specialists to provide important information, including:

• Information and support, including state-specific time frames and guidelines, for the handling of unemployment claims and charge statements.
• Help evaluating the accuracy and eligibility of claims.
• Assistance with a voluntary contribution analysis when you provide all the necessary information to Paychex.