News Flash – How will Christmas Day (Saturday, December 25, 2010) affect my payroll tax payments and direct deposit in QuickBooks Payroll

To allow for the Christmas 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 12/25/2010, you should:

  1. Change your paycheck date for your direct deposit employees to Friday, 12/24/10.
  2. Send your payroll by 5 PM Pacific Time on Wednesday, 12/22/10.

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

If you date your paychecks for… Send payroll by 5:00 PM Pacific Time on… Your account will be debited on*… Employees get paid on (Direct Deposit only)…
Friday, 12/24 Wednesday, 12/22 Thursday, 12/23 Friday 12/24
Saturday, 12/25 (see message above)
Monday, 12/27 Thursday, 12/23 Friday, 12/24 Monday, 12/27
Tuesday, 12/28 Friday, 12/24 Monday, 12/27 Tuesday, 12/28
Wednesday, 12/29 Monday, 12/27 Tuesday, 12/28 Wednesday, 12/29

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

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This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.

Ruth Perryman - QuickBooks Specialist Written by +Ruth Perryman

Ruth is the an Intuit Premier Reseller that offers great deals on QuickBooks POS and QuickBooks Enterprise. She has provided expert QuickBooks help to thousands of businesses all over the world since 1996.

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