Taxpay®
Spend your time and resources more profitably with help from Taxpay payroll tax administration. Our service calculates, deposits, and files your payroll taxes for you, so you're free to concentrate on more important things — like managing your business.
Taxpay helps you avoid large, lump sum tax payments by regularly setting aside funds as you incur liabilities. We deduct these funds on payroll check dates, so it’s easier to control your budget and predict your finances.
The service 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.
Specific Management For Your Tax Situation
We compute your federal liability, electronically transfer the amount from your bank account, make the deposit on the due date, and file quarterly returns to help you avoid costly penalties.
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.
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.
State Unemployment Insurance (SUI) Service
Let Paychex simplify your state unemployment insurance tax obligations through seamless integration with your payroll each pay period.
Learn More
For more information about our products and services, please contact a Paychex representative at 800-322-7292, Monday through Friday from 8:00 a.m. to 8:00 p.m. ET. Or, complete our online form for a no-obligation quote.
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