| The IRS deadline, to file the second quarter 941 | | | | Form 941 is due the last day of the month that |
| form (Employer’s Quarterly Federal Tax) | | | | follows the end of the quarter. Second quarter 941 |
| Return) is nearing. To be compliant with government | | | | Form is due on July 31, 2009 and includes payroll |
| regulations this is one of many payroll forms business | | | | periods in April, May and June. Third quarter 941 Form |
| owners and employers need to prepare. Employers | | | | is due October 31, 2009 and includes payroll periods in |
| use this form to report wages paid, tips received by | | | | July, August and September. Fourth quarter 941 |
| employees, federal income tax withheld, both the | | | | Form is due January 31, 2010 and includes payroll |
| employee and employer portion of Social Security | | | | periods in October, November and December. |
| and Medicare taxes, the current quarter’s | | | | Preparing this can be cumbersome and time |
| adjustments to Social Security and Medicare tax for | | | | consuming. Comprehensive payroll software that |
| fraction of cents, sick pay, tips, group-term life | | | | includes payroll forms and reports can save business |
| insurance, advanced earned income tax credit (EIC) | | | | owners time and money. An automated payroll |
| payments and credit for COBRA premium assistance | | | | solution can save employers from possible mistakes |
| payments. | | | | during tedious calculations when completing payroll |
| Those employers, who filed the first quarter 941 | | | | forms. Many states have undergone tax table |
| form, for 2009, may recall the credit for COBRA | | | | changes in 2009. Another dilemma averted by an |
| premium assistance payments line was a new | | | | automated payroll program. Receive automatic tax |
| addition at the time. This line was added to | | | | table updates and payroll forms with Payroll Mate. |
| accommodate the COBRA premium benefits outlined | | | | Payroll Mate is a user friendly, cost effective payroll |
| in the American Recovery and Reinvestment Act of | | | | solution. |
| 2009. | | | | |