Changing Paying Payroll Taxes From Quarterly to Monthly in the Middle of a Year?
Our company has been busy, working more hours, paying our employees more. It looks like we might go over the $2,500 amount for quarterly taxes. We have been paying taxes quarterly.
1.What if you do go over $2,500 but you have committed to paying taxes quarterly? Is there a penalty for having more than a $2,500 payroll?
2.Can you start filing payroll taxes monthly then?