The Form 941, Q2 2023 Deadline Is Approaching, E-file Seamlessly With TaxBandits

ROCK HILL, SC / ACCESSWIRE / July 6, 2023 / The deadline to file Form 941 for the second quarter of 2023 is coming up on July 31, 2023. TaxBandits provides a solution for e-filing this form securely, efficiently, and accurately with the IRS in time for the deadline.

IRS Form 941 is a payroll tax form that most employers must file on a quarterly basis with the IRS. Businesses that pay their employees wages and withhold Medicare, social security, and income taxes from them are required to file Payroll Form 941. This form is a major filing requirement for businesses as well as the tax professionals and service providers that are enlisted to file on their behalf.

Filing paper copies of this form with the IRS is no longer a secure or efficient option for employers. TaxBandits, a leading IRS-authorized e-file provider of payroll and employment tax forms offers a simple solution that is secure, simple, and affordable. Using the TaxBandits application, business owners, tax professionals, and service providers can meet their quarterly filing requirements for the second quarter of 2023 and beyond.

TaxBandits Benefits for Business Owners

TaxBandits offers a complete e-filing solution for business owners, whether the business is large or small, the time-saving features available from the application will meet their specific needs.

• Built-in Error Checks – Each Tax Form 941 is checked using the IRS Business Rules to catch potential errors.
• Zero-Filing Feature – For businesses that are required to file this quarter, but haven’t paid any taxable wages, there is an option to select Zero-Filing for a simplified e-filing process. This drastically reduces the time spent filing and ensures zeros are reported correctly on the form.
• Attachment Forms Included – Business owners that need to claim the Payroll Tax Credit for Increasing Research Activities can easily complete and attach Form 8974 during the 941 e-filing process with TaxBandits. They can also attach Schedule B and complete any necessary worksheets.

TaxBandits Benefits for Tax Professionals

In addition to all the benefits for business owners, tax professionals can take advantage of great features designed for them and included in their free TaxBandits account.

• Bulk Upload Options – Tax professionals and CPAs filing on behalf of numerous clients benefit greatly from the bulk upload feature. This feature allows tax pros to upload all of their client’s form information in large batches using the TaxBandits upload template.
• Easy E-signature Options – Per the IRS, to file on behalf of their clients, tax professionals must provide their clients’ e-signature. This can be a tedious part of the process, wasting time for tax pros and their clients. However, with TaxBandits, clients can easily and safely request and upload their client’s signature digitally using Form 8453-EMP.
• Volume-based Pricing – With TaxBandits, high-volume filers can maximize their savings by purchasing prepaid credits in advance of their filing. This also saves time when completing orders, eliminating the need to enter credit card information for each order. This is an ideal option for tax professionals sharing an account with their team without giving access to their company credit card.

TaxBandits Benefits for Service Providers

Service providers, CPEOs, PEOs, and 3504 reporting agents are generally required to file Form 941, Schedule R on behalf of their clients. TaxBandits also provides a simple solution for this.

• TaxBandits Supports Schedule R – Schedule R is required for aggregate filers, and it is essentially a summary of the Form 941 information for each EIN (business) that a service provider is filing on behalf of. TaxBandits streamlines the process of uploading Form 941 information to generate and e-file 941 Schedule R with the IRS.
• TaxBandits API Options – For those seeking an API solution, TaxBandits provides a solution. TaxBandits Payroll API can be integrated with existing payroll software to add a seamless e-filing process with the IRS for payroll Form 941 and more.

When asked about the upcoming Q2 deadline, Agie Sundaram, the CEO and Co-founder of TaxBandits, responded stating, “TaxBandits offers a complete solution for every business, from small operations to huge enterprises to meet their quarterly filing requirements. With the Q2 Form 941 2023 deadline approaching, we encourage our current and prospective clients to begin the process with TaxBandits. They can file easily and accurately and get back to running their business.”

Create a free account at TaxBandits to e-file Form 941 for the first quarter of 2023.

About TaxBandits

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

About SPAN Enterprises

Based in Rock Hill, South Carolina, SPAN Enterprises has been developing industry-leading software solutions for IRS e-filing and business management tools for over a decade.

The SPAN Enterprises portfolio of products includes TaxBandits, Tax990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.

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

SOURCE: TaxBandits