1 Week Left Until The IRS Form 941 Filing Deadline

ROCK HILL, SC / ACCESSWIRE / July 24, 2023 / July 31, 2023, marks a major IRS filing deadline for employers across the country. This is the deadline to file Form 941, Employer’s QUARTERLY Federal Tax Return for the second quarter of the 2023 tax year.

This is a quarterly responsibility for most employers, the IRS requires businesses that withhold certain taxes from their employee’s wages to file Form 941. This includes Medicare, social security, and federal income tax withholding.

Despite the close proximity to the deadline, TaxBandits offers a wide range of helpful features, allowing employers of all sizes to file accurately and on time. Some of these time-saving features include:

Built-in Error Checks

TaxBandits performs an audit on their clients’ 941 forms using the IRS Business Rules to identify common errors before IRS transmission.

Automatic Tax Calculations

Mathematical errors are one of the leading reasons that the IRS rejects tax forms. Throughout Form 941, many of the fields are calculated automatically based on the amounts that the filer provides. This increases the accuracy of the forms created and it eliminates most of the manual work from the process.

Built-in Worksheets

While employers can no longer claim COVID-19 tax credits for the current quarter, there are still worksheets available. Employers that need Worksheet 1 or Worksheet 2 to calculate credit amounts from applicable past quarters can easily do so.

It is also important to note that when it comes to advising on the Employee Retention Tax Credit (ERC), TaxBandits clients should always consult their CPA or the IRS for this information. The TaxBandits filing process is not designed to help employers claim the ERC or advise on it in any way.

TaxBandits Supports 941 Attachment Forms

TaxBandits supports the forms that employers may need when completing their quarterly 941:

Bulk Upload Options

Tax professionals, reporting agents, and service providers can cut down on the time and manual work required for filing Form 941 with the TaxBandits Bulk Upload feature. By using the bulk upload template that TaxBandits provides, high-volume filers can upload all 941 data in one batch. This data is then used to populate their clients’ Forms 941.

Excellent Customer Support

TaxBandits clients have access to a dedicated live customer support team based in Rock Hill, SC. Their experienced team is available to assist clients throughout the filing process via phone, email, and live chat.

When asked about the upcoming deadline and TaxBandits’ robust features, Agie Sundaram, CEO and Co-founder of SPAN Enterprises (parent company of TaxBandits) stated, “Our team is gearing up to help our clients meet another big deadline. We are confident that with our expert customer support and curated features, TaxBandits is the perfect solution for businesses, tax professionals, and service providers of all sizes.”

Begin e-filing Forms 941 and more today at www.taxbandits.com

About TaxBandits

The 1099 and W-2 experts! TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider of 1099 Form, Form W2, Form 1095-B, Form 1095-C, 940, 941, and Form W-9, serving businesses, service providers, and tax professionals of every shape and size.

Additionally, software providers and other high-volume filers can take advantage of TaxBandits API. The integration allows them to add value for their clients and expand monetization efforts. TaxBandits API enables seamless preparation and e-filing of 1099, W-2, 941, 940, and ACA 1095 forms. Software providers can also use the developer-friendly 1099 API to request W-9s and use that information to automate 1099 filings efficiently.

About SPAN Enterprises

SPAN Enterprises is the parent company of TaxBandits and a variety of other business management and e-filing applications. Located in the small city of Rock Hill, SC, SPAN Enterprises proves that big ideas grow in small towns.

With existing Business Management and E-filing Applications such as TruckLogics and ExpressTaxExempt, SPAN Enterprises is at the forefront of innovative applications. Learn more at https://www.spanenterprises.com/.

For any media inquiries, please reach out to Stephanie Glanville, Content Writer at [email protected].

SOURCE: TaxBandits