ROCK HILL, SC / ACCESSWIRE / July 1, 2024 / As the tax season has started, Form 941 for the second quarter of the 2024 tax year is now available for IRS e-filing. Employers are encouraged to stay ahead of their payroll tax deadlines by submitting accurate filings promptly. The deadline to file Form 941 for Q2 of 2024 is July 31, 2024.
TaxBandits, a trusted e-file service provider of payroll and employment tax forms, offers a simple and efficient solution to help businesses and tax professionals of all sizes meet their deadlines.
As the summer kicks off, Form 941 for the second quarter of 2024 is now available for IRS e-filing. Employers are encouraged to stay ahead of their payroll tax deadlines by submitting accurate filings promptly. The deadline to file Form 941 for Q2 of 2024 is July 31, 2024.
TaxBandits, a trusted e-file service provider of payroll and employment tax forms, offers a simple and efficient solution to help businesses and tax professionals of all sizes meet their deadlines. Ensure compliance and a smooth 941 filing process by choosing TaxBandits this quarter.
IRS Form 941: An Overview
Form 941, also known as the Employer's Quarterly Federal Tax Return, is a crucial IRS payroll tax form. It ensures compliance with tax regulations by documenting the withholding of Medicare, Social Security, and Federal income taxes from employees' paychecks. This form also verifies that these withholdings have been deposited with the IRS throughout the quarter.
Businesses that make semi-weekly deposits must use Schedule B to detail their tax liability for each quarter day. Additionally, Schedule R is required for certified professional employer organizations (CPEOs), aggregate filers, and section 3504 reporting agents to report aggregated Form 941 information for their clients for the second quarter of 2024.
TaxBandits' Solution: Form 941 for Q2 of 2024
The IRS is now accepting submissions for Form 941 for Q2, 2024. Employers are encouraged to file Form 941 early to ensure accuracy and streamline the process. TaxBandits simplifies this process with its efficient application. Early filing with TaxBandits not only allows for thorough review and verification of information but also fosters trust and confidence in the Form 941 filing process.
Updates to Form 941 for Q2, 2024
Although Form 941 for 2024 does not have major changes, the IRS has updated new business rules validation and schema changes for Q2, 2024. TaxBandits has updated its application to seamlessly accommodate these changes, ensuring a smooth and efficient filing process.
TaxBandits: Simplified E-filing Solution for 941 Filing
TaxBandits offers advanced features to enhance the efficiency and accuracy of filing Form 941, including:
The copy return feature allows TaxBandits clients to copy information from their Q1, 2024 filed with TaxBandits, into the current quarter (Q2, 2024). This feature is also applicable to Form 941 (sp).
Bulk upload Form data using 941 Excel templates.
Supports Form 941 Schedule B for semi-weekly depositors.
Supports Form 941 Schedule R for PEOs, CPEOs, and other 3504 agents.
Volume-based prepaid credits for high-volume filers.
Built-in 941 Worksheets.
Automatic tax calculations.
Error checks using the IRS Business Rules.
Easy e-signature options (Online Signature PIN or Form 8453-EMP).
Includes Form 8974 (Qualified Small Business Payroll Tax Credit for Increasing Research Activities).
Automate Form 941 with TaxBandits API for Q2, 2024
As businesses expand and develop, the need for efficient, reliable, and automated solutions becomes increasingly important. Automation can significantly relieve the burden on businesses, especially when it comes to filing Form 941 for Q2 2024.
TaxBandits offers a developer-friendly API that allows businesses and software providers to seamlessly automate 941 forms directly from their portal or application. With TaxBandits 941 API integration, clients can streamline every aspect of the filing process, from form generation to e-signing.
When asked about second quarter 941 filings, Agie Sundaram, CEO and Co-founder of SPAN Enterprises (the parent company of TaxBandits) responded with complete confidence, stating, "TaxBandits leads as an IRS-authorized e-file service provider, offering advanced features and exceptional customer support to streamline the e-filing process. Whether for one business or multiple clients, TaxBandits simplifies and makes Form 941 filing affordable."
Additional TaxBandits Solutions: Comprehensive BOI Reporting
TaxBandits is a trusted e-file provider for businesses and tax professionals, offering solutions to ensure tax compliance. Starting in 2024, the Financial Crimes Enforcement Network (FinCEN) has mandated BOI reporting. TaxBandits provides a streamlined solution to help businesses meet these FinCEN requirements.
Clients can easily prepare and submit various BOI reports using TaxBandits' user-friendly software, including Initial, Corrected, Updated, and Newly Exempt Entity reports. Additionally, clients who file their BOI report through TaxBandits can make free corrections or updates within one week of the original submission date.
TaxBandits offers exclusive PRO features for tax professionals handling BOI reporting:
BanditConnect: Ensures secure client communication with file sharing and customizable branding options.
BanditCollab: Optimizes workflow with role assignments, secure access credentials, and centralized oversight for supervisors, ensuring efficient BOI reporting management.
About TaxBandits:
TaxBandits is a SOC 2 Certified, IRS-authorized e-file provider specializing in Form 1099, Form W-2, Form 1095-C, Form 1095-B, Form 940, Form 941, and Fillable W-9. Serving businesses, service providers, and tax professionals, TaxBandits offers a comprehensive solution for year-end filings.
Software providers and other high-volume filers can take advantage of TaxBandits API. The integration allows them to add client value 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 automate 1099 filings efficiently.
Join the thousands of business owners and tax professionals filing Form 941 for Q2, 2024 with TaxBandits! Create a free account at TaxBandits.com, which also supports filing for prior quarters.
About SPAN Enterprises:
Headquartered in Rock Hill, South Carolina, SPAN Enterprises has developed industry-leading software tools for e-filing and business management for over a decade. The SPAN Enterprises portfolio includes Tax 990, ACAwise, ExpressExtension, 123PayStubs, and TruckLogics.
For media inquiries, please reach out to:
Stephanie Glanville
Content Writer, SPAN Enterprises
stephanie@spanenterprises.com
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SOURCE: TaxBandits
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