Terri L. Ryman, EA, NTPI Fellow®
Southwest Tax and Accounting specializes in the electronic filing of client data. This includes tax returns, but also payroll taxes and payroll tax reports. We use the EFTPS system to key in taxpayer data monthly for payroll taxes, including 941 tax (Social Security, Medicare, and Federal Withholding Tax), 940 Tax (Federal Unemployment Tax), and Kansas Withholding Tax. Other taxes and tax reports are reported and paid through the internet. These include Sales Tax and Kansas Unemployment Tax.
Advantages of using the EFTPS system include filing payroll tax reports and getting confirmation numbers back as an acknowledgment that the report was received and filed. The systems also allows the payment of payroll and sales taxes by direct withdrawal from your business checking account. The payments are warehoused, meaning that you can call in the payment on the first of the month, and not have them deduct it from your account until the 15th, 25th, or 31st, depending on the due date. You get the added comfort of knowing that the report was filed timely, and that the payment is scheduled to be made...even if you’re out of town or sick! Let us show you how
Monday-Friday 8:00 to 5:00
Designations: EA, NTPI Fellow®