Income Tax Information for Businesses

Effective September 12, 2016

Employer’s Return of Tax Withheld from Employees

Monthly Filers:

You are required to file monthly if during the previous calendar year the tax exceeded $2,399.00 or if a total in any month of the preceding calendar quarter the tax exceeded $200.00.  The payment due date for monthly withholding payments is 15 days after the last day of the month. Post mark will determine filing date.

Quarterly Filers:

If you are not required to make monthly withholding payments. The due date for quarterly withholding payments is the last day of the month following the last day of each calendar quarter. Post mark will determine the filing date.

Penalty and Interest:

The interest rate that will be applied to all unpaid income tax and unpaid withholding tax will be:

The interest rate that will be applied to all unpaid income tax and unpaid withholding tax will be:

• Late Filing: $25.00 
• Late Payment: 15% of the amount not timely paid
• Late Withholding Payment:  50% of the amount not timely paid
• NSF Check Fee:  $35.00