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How will Labor Day (Monday, September 6, 2010) affect my payroll tax payments and direct deposit?

To allow for the Labor Day holiday, you might need to send payroll a day earlier than usual. Doing so will help you to comply with the Fair Labor Standards Act and ensure timely payroll tax payments.

If your normal paycheck date is on 9/6/10, you should: 

1. Change your paycheck date for your direct deposit employees to Friday, 9/23/10.
2. Send your payroll by 5 PM Pacific Time on Wednesday, 9/1/10

If your paycheck date is immediately before or after Labor Day, consult the table that follows to find out when to send your payroll and when your account will be debited.

*Accounts are typically debited before regular banking hours, so you should make sure you have funds in your account to cover the payroll on the day before the actual debit occurs.

Written by +Ruth Perryman, CMA, CFE, CFM, MBA

Ruth is the president of The QB Specialists, Inc. and has provided QuickBooks help to thousands of businesses around the world since 1996. She is an Intuit Solutions Provider, an Advanced Certified QuickBooks ProAdvisor, and a member of the Intuit Trainer/Writer Network. She is also certified in QuickBooks Point of Sale and QuickBooks Enterprise Solutions.

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