Scheduled payments set up with an annual deposit frequency are typically due on a specified day in the first month of the year that follows the prior calendar year's tax liabilities. The deposit period and due date are determined by the rules and guidelines enforced by the agency.
When you set up your scheduled tax payments with an annual deposit frequency, QuickBooks uses the agency guidelines to calculate the due date along with the accrued amounts in the Payroll Center.
What if the due date falls on a non-banking day?
If the due date for a payroll tax payment falls on a non-banking day, such as a weekend or a holiday, most agencies consider the payment timely if it's settled on the next banking day. However, different agencies can have different guidelines for settlement dates and may observe additional holidays as non-banking days. QuickBooks typically adjusts the date according to the agency's guidelines.
For information about your federal or state agency's requirements and guidelines about deposit frequencies, visit the Payroll Tax Compliance page and select your federal agency or state.
About deposit schedules and frequencies
Federal payroll tax deadlines and other important dates
Handle FUTA payments